Best Ways to Secure Capital for Your Business
While small business owners have a wider range of options for financing new businesses and expanding existing businesses, what we learned is that sound planning is still a key strategy. The type of funding you need varies according to the stage of business you are at. It’s more important than ever to approach your search for funding with a strategic plan and to be organised in your business finances.
The past decade has been a transformative one for small business financing.
Traditional credit markets have tightened since the Great Recession, while new technology is making it easier than ever to secure alternative sources of capital in the form of non-bank, online lenders.
Equity investments from venture capitalists are also on a multi-year rising streak, providing many small businesses with yet another potential way to find funding.
Whether seeking startup capital to get their ideas off the ground or a line of credit to accelerate business growth, small business owners continue to need reliable sources of financing.
The Alternative Board (TAB) wanted to understand what options are available for business owners, and how they are navigating their options. That’s why our recent Small Business Pulse Survey concentrated on the strategies, sources and lessons learned raising capital for small businesses.
Along with gathering information about their experiences in our survey, we also asked them to share tips and advice to help other business owners navigate their own funding challenges. While small business owners have a wider range of options for financing new businesses and expanding existing businesses, what we learned is that sound planning is still a key strategy. It’s more important than ever to approach your search for funding with a strategic plan and to be organised in your business finances. This is borne out in both our survey results and the accompanying advice we’ve gathered from business owners.
We surveyed 325 business owners. They are successful, profitable, small and diverse.
Best Ways to Secure Capital for Your Business will help you:
- When the best time is to seek funding for your business.
- How to differentiate between good and bad reasons for taking out a loan.
- What funding options are available to small businesses.
- How you can maximise your chances of getting a loan.
- Which factors you should take into consideration when deciding on a loan.