Turning To Non Traditional Funding To Stay In Business

Due to the economic problems that the country has been facing over the last three years, many businesses are turning to non traditional funding options to finance their business. These practices may include:

• Seeking venture capital through angel investors
• Maxing out credit cards to compensate for lack of equity
• Seeking help from family and friends in exchange for a share of the company
• Taking loans against inventory or machinery

Businesses have found it necessary to seek alternative ways to fund their company due to the new standards set forth by banks and other lending institutions since the bail-out of 2008.

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