Funding Resources for Small Businesses
Top Small Business Funding Options
- Traditional term loans: Best for established businesses with strong credit.
- SBA loans: Best for established, profitable businesses.
- Business line of credit: Best for funding working capital.
- Business credit cards: Best for startup business owners with no business history.
- Equipment financing: Best for purchasing business equipment.
- Invoice financing: Best for businesses with money tied up in unpaid invoices.
- Short-term loans: Best for quick funding; businesses that can’t qualify for other options.
- Equity investors: Best for businesses with high growth potential.
- Small business grants: Best for free funding; community-focused or mission-oriented businesses.
- Friends and family: Best for new businesses that need help getting started.
- Crowdfunding: Best for B2C startup businesses.
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To learn more about each of the above funding options, read the entire article by Randa Kriss, originally published June 7, 2021, on Fundera: Fundera Top Small Business Funding Options