Tips

Optional Financing Options to Expand Your Business

Consider a small-business grant or crowdfunding.

Financing options to grow and expand your business include:

Request a small-business grant. Head over to Grants.gov, which is a searchable, online directory of more than 1,000 federal grant programs. It might be a long process, but it doesn’t cost you any equity.

Start a crowdfunding campaign online. Sometimes power is in numbers, and a bunch of small investments can add up to something major. If you think your business might be a fit for something like Kickstarter or Indiegogo, you should read up on 10 of the best-crowdfunded businesses or check out the most popular crowdfunding websites.

-Vince DiCecco, Your Personal Business Trainer

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Julia Schroeder

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