Funding for Your Business — 13 Ideas for You — LindaHandley.com Fundraising and Digital Marketing

WAYS TO GET FUNDING FOR YOUR BUSINESS

Organizing the funding needed to start up a business is one of the biggest hurdles that every aspiring business owner must pass. This business startup journey is made even more difficult as new and aspiring entrepreneurs are often turned down for business loans by many traditional lenders. The good news is that there are plenty of alternative sources of funding that entrepreneurs can use to finance their business dreams. Here are a few ways to get funding for your business.

1. Using Business Credit Cards

There is no doubt that business credit cards are one of the most efficient ways to fund a business startup that any business owner can seriously consider. It is a cost-effective way of financing startups, as they come at relatively low rates. Some business credit cards also offer zero-percent interest promotions, often for a period of 6 to 12 months. Business owners can also build their business credit history if they use these corporate cards in a responsible way.

2. Using Your 401(k) to Finance Your Startup

A 401(k) Plan is a defined contribution retirement account that allows employees to save a portion of their…