The reality is that starting a business can easily become a money pit.
So for those of you thinking about launching a new venture, what financing options do you have?
Well, there’s the possibility of taking out business loans from your local bank, of course. But what if your bank has turned you down?
1. Bootstrapping.
2. Peer to peer lending network.
3. Venture capital or angel funding.
4. Bartering methods.
5. Funding from friends and family.
6. Credit cards.
7. A HELOC or home equity loan.
8. Borrowing from your 401k.Photo by yirsh.