There are many sources who offer business funding today. Knowing the different sources will help you find the best funding sources of your business.

Remember, most of these funding sources you can access right through your funding suite with us. So reach out to me for more information about the specific funding that will work for you and your business.

Meantime take a look at some of the many sources of funding that are available today.

Business Charge and Credit cards are a fast and easy way to access cash for business. You can use the money for any purpose, and you can be approved for business credit with no personal guaranty or credit check. Many merchants will agree you for individual credit cards of $10, 000 or maybe more.

Angel investors have been responsible for funding over 30, 000 small businesses each year. With over 300, 000 active angels in the country you may want to consider an angel investor network to de-stress your search. These investors are a great source of funding when banks won't agree you, and perfect for projects where you need a lot of money.

Asset Based Funding is perfect if your company has collateral such as accounts receivable, inventory, equipment, purchase orders, Merchant Cash Advance or real estate. These assets can be used to secure the financing you need, and you can secure asset based funding even if your credit isn't very good.

Bank loans are still available, although they have become harder to get approved for. Many large banks tend to be much more conservative in lending so you may want to look at a community bank or credit union for a small business loan.
Equipment Procurment helps when you want to hire expensive equipment, and some equipment procurment and financing also works for you to borrower against existing equipment you already own.

Factoring is perfect if you have high amounts of account receivables. You can obtain funding up to 25 million and you can receive your advance within 24-48 hours in most cases. With factoring, you sell your company's accounts receivables to a company (known as a factor) at a discount, in order to free up your cash. The company that purchases the receivables then thinks the obligation for collecting them. This is a great option as they absolutely don't value ones own credit.

Grants are a great way to get money for your business, especially government grants. Depending on your business types and intended use of funds, there are many options available for you to receive grant money that doesn't need to be reimbursed.

Lines of credit are perfect sources of working capital. A personal credit line works like a spinning credit card but with cheaper interest rates and higher available credit limits. You can get credit lines over $150, 000 and write checks from the account or use a debit card to disengagement funds or use for purchases.

Merchant Cash advances and Merchant Lines of credit are perfect for businesses who process credit card payments. This type of financing will advance you money against future credit card transactions. You can even get a debit card to use the funds you secure.

Microfinance Loans are much easier and time intensive to qualify for with loan amounts ranging from $500 to $35k. Many businesses use several very fine loans to get money for their business versus applying for one larger loan due to the easier passing criteria.