Funding your business can be complicated. There are so many opportunities (and so many potential risks!). Remember to do your research carefully—there are some bad lenders out there who might push you to take a loan that will leave you in big debt. Check out this curated list of funding opportunities for your business.
Before You Begin
- Learn how to navigate your financing options: Venturize
- Find a community development financial institution: CDFI Finder
- Compare financing options: Fundera
The Zach Grant is Fundera’s Annual Entrepreneurial Grant, awarding $2,500 to an entrepreneur who sends in a 3-minute video answering why they started their business. Deadline: January 1, 2019.
Loans for businesses can come from banks, credit unions, private lenders, or community development financial institutions (CDFIs). Here are some resources, services and tools that can help you figure out what kind of loan is best for you, and how to get your documents and plans in order so that you can apply successfully and pay your loans back without accumulating big fees. Learn about the fundamental rights you should insist on from a lender, and the lenders that have pledged to uphold them on Borrowers Bill of Rights.
Crowdfunding means asking your community and your network for support. There are many different ways to crowdfund, and lots of platforms and tools to help you build your crowdfunding campaign. This is a great option for small business owners who have strong online networks, and who are internet savvy.
Grants are funds for your business that you do not have to pay back. Grants can come from the government, from organizations or other businesses, or from foundations. Grants can be competitive so make sure your business is eligible before applying! Check out this curated list of grant opportunities.
When someone invests venture capital in your company, it means they are giving you money in exchange for a share of the ownership, and sometimes this means they will play an active role in running your business. Every investment is different! Learn more about venture capital and check out investors who are interested in fast growing companies that are diverse, women-led, or both.