No matter how long you’ve been in business, there may come a time when you need to find the capital to fund growth, modernize equipment, increase your marketing dollars or make up for unanticipated cash flow challenges. If your company is in the market for extra cash, you might consider the following sources:
Your Local Bank
If you have a history of good business credit, your local bank may offer low-interest loans backed by the Small Business Administration (SBA). Lines of credit at higher interest rates may also be available.
f you don’t qualify for a bank loan, check with your local, SBA-sponsored small business development center; they’re located throughout the country.
If you need to be financially creative, you might consider looking at higher-interest loans based on outstanding invoices, cash flow and even new equipment and machinery. Other ways to get the money you need might include crowd-funding, family and friends.