Funding a new small business
Financing your new small business can be an overwhelming process. From financial statements to different loan types, today’s entrepreneur has many choices when pursuing investment dollars. This class examines the basics of business funding and highlights some popular sources of capital, including personal and commercial lenders, government grants and loans and venture capitalists.
Insufficient financing can plague any small business. Business start-up capital funding is critical to beginning or expanding a company. Knowing a few things about the basic types of financing can also help you use that capital to the fullest.
Starting a new small business can place a burden on your personal finances. Getting your finances in order—by creating a monthly budget and checking your credit score, for example—is essential to successfully managing and financing your small business.
What you’ll learn
* Understand the various types of financing available to small businesses loan, including equity and debt financing, government loans and venture capital
* Explain the typical steps for obtaining first-time or additional financing from traditional lending institutions, such as banks and government agencies
* Have a basic understanding of financial statements, including balance sheets and income statements
* Learn essential prerequisites to obtaining first-time as well as ongoing small business funding
* Examine the benefits of venture capital funding as an alternative to traditional lending sources
