Nearly every small business needs financing at some point, whether it comes from a loan or is received in exchange for a piece of your company. If your small business is new, or you’re thinking about starting a business and wondering how to fund it, there are several common financing options you should know about so you can choose what’s best for you.
Here are three basic loan-based financing options for your small business, along with descriptions of what requirements and expectations each entails.
Adam Toren, Co-Founded YoungEntrepreneur.com,
Adam, along with his
brother are entrepreneurial mentors, authors, investors & have
started, bought and sold several companies over the past
years. They currently own and operate a successful media company which
includes several online companies. The Toren Brothers are the authors of
the award winning book: Kidpreneurs (Basic Principles of Entrepreneurship for Kids aged 6-12yrs old). Their latest book is Small Business BIG Vision "Lessons on How to Dominate Your Market from Self-Made Entrepreneurs Who Did it Right" They also blog about Small Business and Entrepreneurship at Blogtrepreneur.com and iSmallBusiness.com.