Business Financing If Your Bank Turns You Down

1. Financing Small Business
Sources of Finance for Small Business
“Alternative Finance”

2. Overview
 Who needs financing and why
 Where do companies go first
 Where do companies go next
 What can new companies expect
 What alternatives exist

3. Why is Financing Important?
 Starting a new business
 Growing a business

4. Initial Financing
Where do you go first?
 Your own savings
 Your own retirement savings
 Your friends
 Your own home equity
 Other funds

5. When Growth Exceeds Capital
Visit your banker
 Apply for a home-equity line of credit
 Apply for a community development grant
or loan
 Apply for an SBA loan
 Apply for a business loan