Funding Options and Information for Entrepreneurs
Over the years the Business, Science, and Industry Department has brought in experts to help entrepreneurs and small business owners identify and apply for different kinds of funding. This month we will highlight some avenues for funding and provide information sources for each.
Bootstrapping
To bootstrap a business simply means to do so without financial assistance from outsiders and spend as little capital as possible while doing so.
"How to 'Bootstrap' Your Business" -Karen E. Klein
"Raising Money in Tough Times" -Andrew J. Sherman
Asset Based Loans
As the title suggests, this type of loans are based on assets that can be used as collateral. Your future revenue may be on the line when you choose an asset based loan.
"Get Financing Now" -Charles H. Green
"The Ins and Outs of Asset-Based Loans"
Government Grants
Truthfully, there is not much information available on government grants because there are a lot of hoops to jump through to qualify for a government grant. Many sources refer small business owners to SBA loans and/or to asset based loans.
"Government Grants for Small Business-Think You Qualify?" -Caron Beesely
Venture Capital
Venture capitalists tend to invest in companies with high-growth potential and often require high equity interest in return. Thus, venture capital can be tricky and hard to come by. There is a lot of information online.
"The Entrepreneurial Bible to Venture Capital" -Andrew Romans
"Pratt's Guide to Private Equity and Venture Capital Sources"
"Venture Capital"
SBA Loans
The Small Business Administration offers a wealth of information for small business owners. It is recommended that small business owners take advantage their offerings including loans, loan guarantees, counseling, contracts, and assistance.
"The SBA Loan Book" -Charles H. Green
"SBA Loans"
SBA Website Homepage (A great place to start!)
For more informative sources, contact the Business, Science and Industry Department!
215-686-5394
erefbsi@freelibrary.org |