Learn about the many sources of funding your business.

• Traditional Loans:
  • Overview of bank loans, lines of credit, and Small Business Administration (SBA) loans.
  • What does a bank look for in a potential borrower?
• Equity Financing:
  • Definition and examples (angel investors, venture capital).
  • How does it work: selling ownership stakes in exchange for capital.
  • Pros and cons, such as loss of control versus growth potential.
• Crowdfunding:
  • Introduction to various crowdfunding platforms.
  • Types: reward-based, equity-based, and donation-based crowdfunding.
• Grants and Subsidies:
  • Availability of government grants, private grants, and subsidie
• Alternative Funding Options:
  • Peer-to-peer lending, microloans, and bootstrapping.
  • How these alternatives work and when they might be suitable.
  • Advantages, such as less stringent requirements, and potential drawbacks.

This is the second in a series of 3 consecutive finance webinars offered on Saturday, October 5, 2024. Please register for each class you plan to attend.

Faculty: A team of SCORE and community volunteers with wide ranging business and financial experience.