5 Ideas for Funding Your Business

funding101Starting a business can be difficult, especially if you are in need of funding for your venture. A study conducted for the U.S. Small Business Administration (SBA) puts the cost of starting a business at $30,000. This includes all of the necessary registration and licensing fees that one incurs when starting a business, but may not necessarily capture all of the funding needed to sustain a business through its start-up and emerging phases.

There are various funding opportunities that are available to you when starting a business. Most entrepreneurs are not flush with cash or come from means that allow them to dip to heavily into personal resources. Generally, starting a business requires you to be creative and to look to a variety of financial resources in order to get your business going and off the ground. 5 ideas to help get your business off the ground include: taking out a loan, seeking investors by selling an equity stake in the business, taking the proceeds from a lawsuit to fund a business, launch a social media (“crowdfunding”) campaign and using personal resources.

Ideal #1: Taking out a Loan

A loan is a good option for funding a business, especially for those with good to excellent credit. Taking out a business loan can help your business begin creating a credit profile, which will become important as the business grows and additional opportunities present themselves that need larger amounts of capital to fund. A loan can be provided by companies that specialize in small business financing and banking institutions as well as guaranteed by a state agency or the SBA.

Ideal #2: Seeking Investors and Selling an Equity Stake in Company

You may find yourself forced to sell a portion of your dream to an outside investor in order to access the funds you need. Outside investors to consider as sources of funding include venture capitalists and angel investors. These types of investors look at a well thought out business plan and financial projection in order to determine the possibility that making an investment will result in a profit and the ability of the investor to cash out within a short period of time (5 to 7 years).

Ideal #3: Using the Proceeds from a Lawsuit

If you are engaged in any form of litigation, whether as the defendant in a lawsuit or are suing someone for some reason (i.e. breach of contract, defamation, copyright infringement, etc.), you may consider using the proceeds from the suit to fund your business.

Ideal #4: Launching a Social Media Campaign

Crowdfunding has become more en vogue as a way to help budding entrepreneurs launch their dreams. This idea, putting information regarding your product or service online and having those individuals within your social network help fund it, has taken the world by storm and provided opportunities for countless individuals. Crowdfunding platforms have proliferated over the past several years and are even the subject of a World Bank report looking at the global economic impact of this concept.

Ideal #5: Using Personal Finances

Borrowing from yourself is still always the best option for financing a new business. Although it is understood that many of us do not have the resources to fully fund our business endeavor, a good percentage of your initial funding will come from your savings, retirement accounts, life insurance policies and even credit cards.  Using personal assets to finance your business may be necessary to get through the first round of expenses that you will encounter, understanding that additional sources may be needed to sustain your vision long-term.

Share small business news, blogs and social media tips with Project Eve’s community of small business owners and entrepreneurs today. Our contributors come from a wide range of backgrounds; so whether you are a small business owner, social media strategist, financial adviser, serial entrepreneur, or write an amateur blog we urge you to contribute a blog to our 500,000+ community today. For more information, please refer to our Content Submissions Guidelines.

Add a Blog


  1. 635082 345803Thanks for some other informative website. The place else may I get that type of information written in such an ideal method? 696285

  2. 557814 370669Thank you for the auspicious writeup. It in reality was a amusement account it. Look complicated to far delivered agreeable from you! Nonetheless, how can we keep in touch? 738061

  3. 673493 195801Ive been absent for a whilst, but now I remember why I used to really like this internet site. Thank you, I will try and check back more often. How regularly you update your internet site? 627734

  4. 310332 88481I discovered your blog internet web site on bing and appearance several of your early posts. Preserve up the extremely great operate. I just now additional the RSS feed to my MSN News Reader. Seeking toward reading far more on your part down the road! 966431

  5. 740780 715661for yet another great informative post, Im a loyal reader to this weblog and I cant stress enough how significantly valuable data Ive learned from reading your content. I truly appreciate all of the hard function you put into this fantastic weblog. 823603

  6. 927421 177926Your home is valueble for me. Thanks!? This internet page is actually a walk-via for all of the info you required about this and didn know who to ask. Glimpse appropriate here, and you l undoubtedly uncover it. 54172

  7. 564692 14811Beging with the entire wales effectively before just about any planking. Our own wales can easily compilation of calculated forums those thickness analysts could be the comparable to some of the shell planking along with more significant damage so that they project soon after dark planking. planking 480719

  8. 349334 575523Id need to talk to you here. Which is not some thing I do! I quite like reading a post which will make individuals believe. Also, several thanks permitting me to comment! 661565

  9. 939610 141899I think other website proprietors ought to take this internet website as an example , extremely clean and wonderful user genial style . 368575

  10. 224958 20934great issues altogether, you just gained a new reader. What could you recommend about your post that you produced some days inside the past? Any positive? 581930

  11. 5211 8900There is noticeably a lot of dollars to comprehend this. I assume you produced certain good points in capabilities also. 223114

  12. 763984 805051I discovered your blog website on google and check a few of your early posts. Proceed to keep up the superb operate. I just extra up your RSS feed to my MSN News Reader. In search of ahead to studying extra from you in a although! 21843

  13. 545885 576680Ive writers block that comes and goes and I require to discover a approach to get rid of my writers block. It can occasionally be so bad I can barley make sentences. Any guidelines? 688238

  14. 410005 102443Your home is valueble for me. Thanks!? This internet page is truly a walk-via for all of the details you necessary about this and didn know who to ask. Glimpse correct here, and you l certainly uncover it. 467934

  15. 983577 569614If you are viewing come up with alter in most with the living, starting point normally L . a . Weight reduction cutting down on calories platform are a wide stair as part of your attaining that most agenda. weight loss 897294

  16. 638142 435649Hello I found the Totally free Simple Shopping Icons Download | Design, Tech and Internet post very interesting therefore Ive included our track-back for it on my own webpage, continue the great job:) 559274


Please enter your comment!
Please enter your name here