Sometimes businesses have to get creative when it comes to financing, especially when revenue is low. This blog post will discuss four creative ways to finance your small business!
- Bootstrapping
Bootstrapping is when a business finances itself without outside help. This can be done by using personal savings, credit cards, car title loans, or even loans from friends and family. Bootstrapping is a great option for businesses that are just starting out and don’t have much revenue coming in yet. One downside of bootstrapping is that it can be difficult to scale a business if it is successful.