Funding sources for small businesses

Funding for small business startup - There are a number of national chambers of commerce specific to women and minority sectors that offer access to funding sources, including the national women's chamber of commerce, the hispanic chamber of commerce, the national black chamber of commerce and the native american chamber of commerce. The problem for many small business owners is you may not be eligible for a traditional bank loan because you do not have a track record, you have credit challenges or you are in a high-risk industry. Many of them resemble the new market tax credit and give tax credits against state income tax to investments that are used to support minority building projects or encourage minority business ownership, which includes women-owned businesses. "to find all the funding sources available in your community, you need to become a great connector so that you get familiar with all the programs available for starting and growing your business," says ough.

Funding Sources Available for Startups and Small Businesses

A brief overview of the various funding sources entrepreneurs can use to finance their startups and small businesses. See the full ...