As your business reaches the next level of growth and you see steady revenue on the horizon, begin to approach sophisticated “angel” investors if you need more funding this affluent individual – or a group of individuals who pool their research and resources – provides capital for a business start-up usually in exchange for convertible debt or ownership equity.
Every funding decision is a complex tradeoff between near-term and longer-term costs and paybacks, as well as overall ownership and control. Self-funding -- many entrepreneurs fund their businesses themselves they use savings or personal debt (such as a second mortgage or credit cards) they use savings or personal debt (such as a second mortgage or credit cards.
Finding the right funding depends on the strength of your business and your own financial history to help you find a good fit, we’ve highlighted six of the most common options for small businesses.
Small business funding can be hard to secure we’ve rounded up top financing options based on your small-business needs.