If
you’re already a successful business owner or have just received a generous
inheritance, you’ll have no trouble financing a new venture. Not only do you
have cash, but banks are probably lining up to loan you money. You’ve already
got it, so you don’t need it, but that’s exactly when financial institutions
(and people) are anxious to give it to you.
But
what about the rest of America’s aspiring entrepreneurs? There are plenty of
smart, ambitious and hardworking folks who need to secure financing to build or
buy a business. Traditional small business financing such as the Small
Business Administration (SBA) loan programs can be very difficult to
secure, so if you’ve gone down that road and been denied, you are not alone.
And I am here to tell you that there is still opportunity ahead: There are
other ways to fund your business some of which you may not even have heard
about yet and one of them will be right for you. So, to make your search a
little easier, here are my top three alternative options for funding a
business: