So you’ve been working on your internet business for awhile now and you’re ready to take it to the next level. How do you go about funding your business so that it can grow and prosper?
Find an Angel Investor - Do you have a loyal customer or know someone who believes in your business? Many angel investors are entrepreneurs too, so reach out into your business networks and start asking people if they know of anyone who would be interested in being your business partner.
Apply For a SBA Loan or Grant - The government has money available for small business owners that you can apply for through your local bank or credit union.
Get a micro-loan from a local or state program - You can often find programs from non-profits that offer micro-loans to small businesses. These loans can go as low as $500 and up to several thousand dollars.
Apply for a merchant cash advance - If your credit is so-so and you don’t qualify for a regular business loan, you can get a merchant cash advance. In essence, you receive money in exchange for a share of future sales. This type of loan works for businesses who receive a significant amount of credit card sales. The only caveat with this type of funding is that you should expect to pay high interest rates.
Take Your Company Public (IPO) - Maybe you’re ready to play with the big dogs like Google or Facebook. Take your venture to the public and offer stock in your company. With an IPO, you can literally become a millionaire overnight.
These are just a few of the many ways that you can fund your internet business. Have any other ideas to share?
Find an Angel Investor - Do you have a loyal customer or know someone who believes in your business? Many angel investors are entrepreneurs too, so reach out into your business networks and start asking people if they know of anyone who would be interested in being your business partner.
Apply For a SBA Loan or Grant - The government has money available for small business owners that you can apply for through your local bank or credit union.
Get a micro-loan from a local or state program - You can often find programs from non-profits that offer micro-loans to small businesses. These loans can go as low as $500 and up to several thousand dollars.
Apply for a merchant cash advance - If your credit is so-so and you don’t qualify for a regular business loan, you can get a merchant cash advance. In essence, you receive money in exchange for a share of future sales. This type of loan works for businesses who receive a significant amount of credit card sales. The only caveat with this type of funding is that you should expect to pay high interest rates.
Take Your Company Public (IPO) - Maybe you’re ready to play with the big dogs like Google or Facebook. Take your venture to the public and offer stock in your company. With an IPO, you can literally become a millionaire overnight.
These are just a few of the many ways that you can fund your internet business. Have any other ideas to share?
This post first appeared on Online Business Resources - Make Money Online, Start An Internet Business, please read the originial post: here
