One of the biggest challenges to starting or expanding your business is finding financing. Yes, you can check with your local bank or credit union. You can use your credit cards (though I wouldn’t recommend this method!). You can borrow from family or friends. You can use your savings.
But if these methods don’t work, here are three places you can borrow from other people:
More and more, individual people are willing to pool together to lend money to each other. You simply indicate how much you want to borrow and what interest rate you’ll pay, and individuals can pledge money towards your loan. Read the rules and information on each site to determine which one is best for you.
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Category: Running a Strong & Efficient Business
Tags: business borrowing , financing