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InnovatorsLINK

Funding

Information on local, state, and national business financing opportunities

Funding Sources

Personal funds

Tapping into your savings or other personal resources, often to get started. read more

Friends and family

How your loved ones can help bring your company to life. read more

Crowdfunding

Pitching your business idea to an audience of potential supporters. read more

Banks and credit unions

A traditional source of loans, lines of credit, and other financing. read more

CDFIs

A growth driver for small businesses in economically distressed communities. read more

SBA programs

Loans, surety bonds, and other options from the U.S. Small Business Administration. read more

Grants

Competitive awards offering a direct injection of funds. read more

Alternative lenders

Non-traditional sources of capital, including fintech lenders. read more

Venture capital

Investors supporting early-stage companies in hopes of high returns in the future. read more

Angel investors

Wealthy individuals looking to support promising ventures. read more

Funding Insights

How to Sell Your Small Business

  • Knowing when it’s time to sell your business
  • Determining your business value and pre-qualifying buyers
  • Preparing the necessary documents and deciding whether to use a broker

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Alternative Fintech Funding: A Cautionary Tale

  • Financial technology options can be an appealing option for entrepreneurs who have trouble accessing funding through traditional lenders
  • However, fintech can also come with higher interest rates and more onerous repayment terms
  • Proceed with caution when looking for financing

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Understanding CDFIs

  • Community development financial institutions offer an alternative source of funding with higher approval rates
  • CDFIs seek to broaden economic opportunities for low-income and minority communities
  • The pros and cons of using CDFIs for your business financing needs

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The Importance of Cash Flow and How to Calculate It

  • While entrepreneurs often focus on profitability, cash flow is arguably the more important consideration
  • The benefits of tracking how money is coming into your business and how it is being spent
  • Calculations involved in calculating and predicting cash flow

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Alternate Ways for Early-Stage Companies to Raise Money

  • Entrepreneurs often have to rely on personal assets to get a business started, but frequently don’t have sufficient funds
  • Taking an alternate route and seeking support through a community development financial institution
  • Options for investors that can support your early-stage company

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Selecting a Bank For Your Business

  • Lending authority, small business services, and other inquiries to make to a bank
  • Weighing the benefits of a local, regional, or national bank
  • Using a one-page information sheet to narrow down your options

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How to Create an Emergency Fund

  • How much cash will you need in an emergency and where will you keep it?
  • For entrepreneurs starting and expanding their businesses
  • Help your business overcome unexpected financial events

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The Most Common Mistakes Entrepreneurs Make

  • Common mistakes made by entrepreneurs seeking to run a business
  • Failure to have a clear plan for finances, marketing, and other aspects of the business is a major shortcoming
  • Entrepreneurs must also be willing to commit to a venture and seek help as needed

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6 Types Of Business Plans

  • Understand different types of business plans
  • Business plans can assist you when starting a business and when growing one
  • Choosing wisely during the different periods of your business will help you better achieve your goals

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Understanding An LLC Operating Agreement

  • How an operating agreement can assist with the management of a Limited Liability Company
  • For those looking forward to starting their company as an LLC
  • Helps govern internal operations of the business in a way that suits the specific needs of the business owners

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Common Business Plan Mistakes

  • A business plan can help you prep your company for launch, but you can jeopardize your chances of success if you make one of several common errors
  • Factors range from sloppy grammar to unrealistic financial forecasts
  • For those planning a business

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Is It Time to Scale Up Your Business?

  • Understanding when your startup has reached its tipping point, and what to do next
  • For those who have started businesses and are thinking about expanding
  • Understand the challenges that will inevitably come as your business scales

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What Kind of Profits Can I Expect?

  • When your company might achieve profitability and what profit margins you can expect
  • For those starting, managing, or expanding a business
  • Different definitions of profitability and margins

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