Source | LinkedIn | John Boitnott | Writer at Entrepreneur Media, Inc.com and Readwrite.com
Whether you have a startup or an existing business, your main goal is to grow your company. Entrepreneurs know that while some of their business growth can come organically, at some point you’ll ask yourself you get funding for your small business.
That’s when small business funding options can potentially grow that business idea into a viable company. Credit cards, grants, crowdfunding platforms, small business loans, peer-to-peer lending, and other funding options can help you take your business to the next level. Despite the long list of ways to fund your business, it can be difficult to know which funding options are available for you and could optimize your growth potential.
That leaves many entrepreneurs with the same concerns about financing their business. Here are 20 commonly asked business funding questions and answers to help you develop the best funding strategy for you.
To make this easier to navigate, I’ve broken these questions down into six categories:
- General business funding
- Funding with credit cards
- Funding with business grants
- Traditional and online lending
- Using crowdfunding
- Other financing options
General business funding
How good must my personal and business credit scores be to secure financing?