Financing your Business Startup - Alternative Loan Sources
As small business owners struggle to find credit in a credit-empty economy, they are discovering other credit sources that have been overlooked. Today, some sources of funding that might help you and your Baby Boomer business through the credit crunch. On my About.com Guide Site, I put together a comprehensive list of sources for business startup and growth financing.
Here are a few possibilities, just to get you thinking:
- Trade credit/vendor financing. Getting credit from vendors works well for equipment and office purchases for startup and expansion.
- Seller financing for buying a business. Having the seller as your bank may be the only way to get a loan for a business purchase these days.
- State grants. Many states have grants or tax incentives for certain categories of business owners (women, minorities, veterans, disabled) and businesses in disadvantaged or disaster areas.
What other creative financing have you considered?
Tags: alternative loans, business financing, business sales, financing business startup, seller financingRelated Stories
POSTED IN: Baby Boomer investors, Boomer Businesses in Difficult Financial Times, Business Plan, Small Business Loans for Boomers, Small Business finance and taxes
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