Starting Your Own Business? Find That Money!
BizThreads:
So, you have a great idea and you want to convert that idea into a successful business. You may have the idea, the motivation and even the expertise to pull it off. But where is the money?
This single important factor can stop your dream from becoming a reality. Here are some ways that you can raise the money to get your business off the ground.
Banks:
This could be the first place to get some money. However, banks require collateral; and in the midst of the current sub-prime mortgage crisis, banks are very jittery about offering loans to startup businesses without adequate collateral.
You could contact the SBA (i.e. the Small Business Association) to solve your collateral problem. Be forewarned: the documentation required will be intense.
Venture Capitalists (or Angel Investors)… carry on reading.
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