6/22/22, 1:34 PM
Funding Options For Your Startup | Rashad Blossom | Professional Overview
a Funding Options For Your Startup by rashadblossom | Jun 1, 2022 | Rashad Blossom
Getting funding for a startup can be difficult, especially if you’re planning on working with a traditional lender. They typically look for high sales volume, strong credit history, and cash reserves. New businesses can tend to struggle when it comes to meeting these requirements. Before you start working with a traditional lender, it’s important that you understand your goals and the financing needs of your company so you can properly evaluate your funding options. Here are a few different ways you can acquire funding for your startup.
SBA Microloan The Small Business Administration has a variety of loan programs that cater to startups. One of these is the microloan, which can provide a small amount of money to help fund working capital and equipment. Unlike other loans, the requirements for this program are less stringent. It’s even possible to qualify if you have poor credit, such as 629 or lower. https://rashadblossom.co/funding-options-for-your-startup/
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