Best Ways to Fund a small business

Many entrepreneurs and small businesses have started to realize that they might just have to fund their business themselves until other funding opportunities arise. To fund a small business yourself, you can dip into your savings, opt for 0 interest credit cards, or even take up a loan by mortgaging your personal assets.

However, to be able to do this you must be absolutely sure about your vision so you feel comfortable about investing a large chunk of your net worth into the business. If you pull this off, it will show potential investors that you believe in the business and are committed to its success. However, watch your bottom line closely!

Crowdfunding websites like Kickstart have gained a lot of popularity in the last decade. However, Kickstarter is not your only option. You should also checkout Fundable, Indiegogo, and Fundly.

Learn a little about these platforms and choose the one that best aligns with your purpose. 

While banks may not be very keen on giving out an unsecured loan to a new business, you may be able to get the bank to sanction a good amount if you have an asset that you can provide as security. Perhaps you could mortgage your house, or pledge some gold jewelry.

Before you do this, though, make sure that your business will be able to generate enough cash flows to be able to pay off the monthly payments that become due on the loan unless you want to lose your house or jewelry.