It can be difficult for small businesses to get off the ground when so few banks are willing to extend loans or lines of credit to their cause. Even the most innovative business plans are quashed before they can open shop simply because they do not meet startup capital requirements. However, while debt financing is the most popular option for a small business, there are other ways to receive adequate funding for a startup and, in some cases, end up owing less when all is said and done. In this infographic, we’ve compiled a more comprehensive list of funding options involving a combination of debt and equity financing to help your small business get off the ground and thrive in the market. We’ve also included some helpful tips on getting assistance for your startup and how to ensure acceptance by as many banks, lenders, and investors as possible.
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