Working capital is the life blood of business. It is used to pay operating costs, rent and payroll. At times you may run out of cash due to unplanned cost like leasehold improvements, renovations, purchase of machinery or equipment, or expansion. Two of the most common types of businesses that require higher working capital for inventory are retail and wholesale. An advance (loan) will help to the business to continue running smoothly.
Find loans backed by the government and other funding options. Also, here you can learn about emergency loans and tax relief available to businesses during the COVID-19 pandemic.
Common types of funding for your business
- Bootstrapping – Personal Savings
- Friends and Family
- Crowd Funding
- Angel Investors
- Venture Capitalists
- Small business loan
- Short term loans/Payday Loans
- Select a state or territory to find information about regulations, resources, and financing opportunities near you: https://www.usa.gov/state-business
- Lender Match Tool: https://www.sba.gov/funding-programs/loans/lender-match
- Federal tool Loan finder: https://www.govloans.gov/
- Private grant funding & Covid relief grants: https://helloalice.com/
- Grants: The federal government does not offer grants for starting or growing a business. It only provides grants for nonprofit and educational institutions. These organizations focus mainly on medicine, technology development, and other related fields. Grants 101 | GRANTS.GOV https://grantsgovprod.wordpress.com/
- Nationally: The Disability Opportunity Fund provides development services and business financing directly to people with disabilities nationwide: https://www.thedof.org/
- DC-MD-VA: Life Asset: https://lifeasset.org/ Life Asset is a non-profit that offers microloans, training, and support for entrepreneurs in the Greater Washington D.C. area.
- VA: Grants, Funds & Finance | Virginia.gov
- MD: Funding Programs | Maryland is Open for Business