Financing Options that will Help you to Fund your Business

Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. A key to starting your business and keeping it going is funding it. Many people don’t know the options available to them. The following contributed post is entitled, Financing Options that will Help you to Fund your Business.

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Do you want to fund your business? If so then you have come to the right place. Here you will find out what options you have when getting your company off the ground, so you can make solid decisions going forward.

Family and Friends

One of the first options you have is to go through family and friends. They may be more than able to support you financially. You can then pay them back with interest if you want. They may not be able to give you all of the money you need but at the same time, they may be able to help you out to the point where you can seek other funding. If you can keep this in mind then it will help a lot going forward.

Source: Pexels

Bank Loans

Another option you have would be a bank loan. Traditional bank loans and overdrafts are a very popular source of funding for businesses. If you use them property then they can be a very effective way of helping you to get your company off the ground. Just make sure that you do your research and that you look into every type of loan. If you can do this then you will soon find that you can get the best result out of your company. Some banks will offer you very low interest rates too, so give them some thought and explore each option properly before you come to the conclusion as to which one is more suited to you.


If your business is in high demand or if you know that you have a huge fan base who want to support you then you may be able to look into crowdfunding. The best thing about this is that you will already have a pool of people who are willing to invest in your company. If you have time on your hands then this is a worthwhile option as you won’t need to pay your money back and you may even find that it stops you from getting into too much debt.

Look into Business Angels

Another option you have would be business angels. Angel investors tend to be very wealthy individuals who can give you funding in exchange for a share in your company. Some investors like to work in groups but some work on their own. Angel investment is not suited to businesses that want to keep full control over their company. If you want to keep control, online loans would be your best bet.

So as you can see, it’s entirely possible for you to get the best result out of your business. If you want to help yourself then it is so important that you take steps to focus on your future today. If you can do this then you will soon find that you can get the funding you need without getting into too much debt, which overall, is imperative to your company’s success. If you can keep this in mind, it’ll really help you out.

Author: anwaryusef

Anwar Y. Dunbar is a Regulatory Scientist. Being a naturally curious person, he is also a student of all things. He earned his Ph.D. in Pharmacology from the University of Michigan and his Bachelor’s Degree in General Biology from Johnson C. Smith University (JCSU). Prior to starting the Big Words Blog Site, Anwar published and contributed to numerous research articles in competitive scientific journals reporting on his research from graduate school and postdoctoral years. After falling in love with writing, he contributed to the now defunct, and the Edvocate where he regularly wrote about: Education-related stories/topics, Science, Technology, Engineering and Mathematics (STEM), Financial Literacy; as well as conducted interviews with notable individuals such as actor and author Hill Harper. Having many influences, one of his most notable heroes is author, intellectual and speaker, Malcolm Gladwell, author of books including Outliers and David and Goliath. Anwar has his hands in many, many activities. In addition to writing, Anwar actively mentors youth, works to spread awareness of STEM careers, serves on the Board of Directors of the Friends of the David M. Brown Arlington Planetarium, serves as Treasurer for the JCSU Washington, DC Alumni Chapter, and is active in the Dave Ramsey Financial Peace Ministry at the Alfred Street Baptist Church. He also tutors in the subjects of biology, chemistry and physics. Along with his multi-talented older brother Amahl Dunbar (designer of the Big Words logos, inventor and a plethora of other things), Anwar is a “Fanboy” and really enjoys Science-Fiction and Superhero movies including but not restricted to Captain America Civil War, Batman vs. Superman: Dawn of Justice, and Prometheus. He is a proud native of Buffalo, NY.

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