Small business financing is one of the most important — and yet, most often misunderstood — areas of starting and growing a business. The simple fact is that you have to spend money to make money. This gets complicated when it comes to figuring out why you need the money, how much you need, where you're going to get it and how you're going to pay it back.
To help you understand these topics and how you can make the most out of your options, I'll be publishing a series of blog posts focused on small business financing. While traditional bank financing remains one common source, there are other financing options available today that also offer value, such as invoice factoring. In this blog series, I will cover the main sources of small business financing, as well as the pros and cons of each.
Over the coming weeks, I will be publishing six posts that will address the following topics:
- What you need to know about small business financing
- How to align small business funding sources with funding needs
- Alternative sources for working capital funding for small businesses
- Invoice factoring as a small business financing tool
- U.S. Small Business Administration (SBA) funding programs
- Public sector small business funding resources
I look forward to enhancing your knowledge about small business financing through my discussion of the different sources, how and when to use these sources, how to leverage business assets as financing tools, who to reach out to for help with business funding and how to combine different financing tools as a growth strategy.
Subscribe to Thrive Powered by ADPSM, and look for our post on what you need to know about small business financing next week.
Read the rest of the series.
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