10 Resources You Haven’t Thought of to Finance Your New Business

The national women’s magazine, MORE, recently ran a story on how startups are looking for new ways to finance their enterprises now that resources such as home equity loans, lines of credit and other avenues of bank financing are getting tighter. MORE editors reached out to a number of experts in the field to cull their best tips on finding and securing funding for new business enterprises. TechColumbus’ senior director of funds management, Allison Finkelstein, was one of the experts interviewed for the article. She advises startups to determine the type of funding they are seeking and to decide how comfortable they are in giving up equity for investments.

“Deciding if you’re willing to give up equity in order to grow is one of the biggest challenges. Do you want to grow your business with a lot of external funding, realizing you aren’t 100 percent owner? Or are you happy going on a slower growth path through things like bootstrapping?” she says. Once you’ve determined your answer, the funding search is officially on.

Some suggested avenues for funding include researching Small Business Administration loans, credit unions, peer-to-peer lending and angel investors. To learn more about these and other tips from the experts see the story:

10 Resources You Haven't Thought of to Finance Your New Business