Starting Strong: 5 Most Common Sources Of Business Startup Capital

Starting a business is a daunting feat. Not only do you need a great idea and a solid business plan, but you’ll need to gather the funds to get your organization off  the ground.

Five Most Common Sources of Business Startup Capital

Qualifying for a business credit card typically requires a good personal credit score, so it won’t be accessible to everyone.

1. Business Credit Card

You don’t have to apply for a business credit card to take advantage of its flexible payment structure. Using personal credit cards for your business funding is also an option.

2. Personal Credit Card

Leveraging personal or family assets to start your business falls into the equity side of funding rather  than debt.

3. Personal Or Family Assets Other Than Owners’ Savings

If you can qualify for one of these loans, odds are you’ll be able to secure more money at a much lower interest rate.

4. Business Loan From A Bank Or Financial Institution

You’re using existing equity to launch a business rather than taking on debt, so you won’t owe interest or have to stress about repayment.

1. Personal Or Family Savings