External Funding: Methods and sources of capital to fund your business
Date and Time
Thursday Apr 22, 2021
9:00 AM - 11:00 AM CDT
Thursday, April 22 | 9 – 11 a.m.
Location
Live Zoom
Fees/Admission
FREE
Contact Information
Illinois Small Business Development
and International Trade Center
College of Lake County
(847) 543-2033
Send Email
Description
When internal bootstrapping measures have run out, you need to look at your external funding options. Realize that some options are easier, or more likely to succeed, than others. You will need to assess what is available to you, and makes the best fit for your business. Learn about: • Loans from Commercial-Rate Lenders • Loans from Motivated (High-Cost) Lenders • Loans or Investments from Family/Friends/Fools and Trade Credit • Owner Loans/Retained Earnings/Owners Equity Investments (when the business is generating a positive cash flow • Owner Capital (personal savings, home equity credit line, etc.)
