Startup Business Funding

In your journey as a business owner, one of the things that would frustrate you the most is the beginning – when you are trying to raise capital for the business you have in mind. Many people lack the wealth and the capacity to fund their own businesses – and that’s why there are a lot of startup business funding options available.

Looking for funds to start the business you have in mind could be difficult – it’s easy in the context that you have a lot of options to do it but you might not have all the resources available that you can utilize to make it possible.

Where You Can Get Funding for Your Startup Business

There’s a multitude of ways on how you can find the finances you need to get your business going. We can categorize it into two (2) parts: through investors or through loans. We’ll take a closer look at each of these options.

Startup Business Funding Through Investors

In getting funds for your startup business, some business owners find it beneficial to seek help from investors and business owners, too. This way, they not only get the funding they need for the business, they can also be imparted with the knowledge they need to let the business strive.

If you go with this option, you can choose from the following:

Venture Capitalists

VCs are usually a group of individuals, they may be investors, business owners, lawyers, and even business experts who choose to invest in businesses. In return, when the business thrives, they get a share of it, percentage-wise.

Friends and Family (Love Money)

Who would be the first people you run to when you have problems? Your friends and your family members, right? You can ask them initially if they’re interested in funding your startup business. This way, you can pay them with interest or you can tell them that they get shares of your company.

Angel Investors

This includes the top 5% of the riches. They’re usually high net worth individuals who are used to funding and financing businesses. Just like VCs, they’re more interested in earning shares of a company than being paid with interests.

Startup Business Funding Through Loans

Funding your startup business through loans might be the best way to go, especially if you’re new to the scene. You get your business as one whole piece without other people leeching off of your profit margins.

There are several ways on how you can acquire funding and the most common would be:

Banks

The same old traditional way of making money – applying for loans in banks can be convenient, but it’s time consuming and you might not get the amount you initially need. Other than that, the funds can be dispersed longer than 2 months!

It’s long and it’s tiresome to wait for – that’s why banks have never been the option of business owners for business loans.

Business Funding and Lending Companies

Unlike banks, lending companies can get you the funds you need faster – usually in under a month. The downside is that their interest rates are particularly higher than the norm. But they can get you the amount you need – and even more in that case.

Here at SoFlo Funding, we help all people – from regular employees and workers, entrepreneurs, small business owners, and even owners of startup businesses. Our clients admire our work because of the fact that we remain flexible and versatile whatever type of business our clients have.

The funding we provide for startup businesses would depend on major factors like their credit history, their track record with other lenders, the financial projection of the business startup, among other things. This may vary depending on the application and the interview but rest assured that we’ll only ask for essential documents and requirements.

SoFlo Funding is just one of the many lending companies out there, but we’re considered to be the best and the most dependable in the entire region.