i3 Founder Kevin Heaton contributed to a recent article by Josh Stowers for Business News daily. Kevin’s section covers peer-to-peer funding.
The article summarizes:
- Venture capitalists are startup company experts. They can provide massive funding, networking and professional guidance to launch your business rapidly.
- Generally, angel investors don’t ask for any company shares or claim to be stakeholders of your business.
- The SBA loan guarantee program serves as credit insurance and will cover up to 90% of any losses the bank incurs.
Starting your own company can be a daunting but rewarding process. While a great business plan is crucial for founders, financing is one of the most important elements a small business needs to succeed.
If your small business needs capital but doesn’t qualify for a traditional bank loan, there are several alternative financing methods and lenders that may meet your needs. Here are some of the top financing options for small businesses.