In today's presentation we are going to continue our series on how to start a successful business with a look at 7 different ways you can raise money for a new business.

1. 7 Ways to raise money for
a new business
by FitSmallBusiness.com

2. 1. Use Your Home
(Home equity loan/Line of Credit)

3. Much lower interest
rate than other types
of financing.
Advantage Disadvantage
You could lose your
home if you don’t pay.

4. 2. Retirement
Accounts

5. Business owners retirement savings accounts &
Rollovers as business startups allow you to avoid
early withdrawal penalties and taxes.
(Must be registered as a C-Corp)

6. 3. Friends and
Family

7. Keep in Mind
1. Loans cause less issues than equity.
2. Put the terms of the loan in writing.
3. Have a 3rd party handle payments.
4. Avoid interest free loans for tax reasons.

8. 4. Credit Cards

9. Keep in Mind
1. Credit cards are not a stable source of credit.
2. Credit cards have high interest rates.
3. Your business could ruin your personal credit.

10. 5. Peer-to-Peer
Loans
(like Prosper.com and LendingClub.com)

11. Keep in Mind
1. Must have a 660 credit score.
2. Interest Rates are a couple of % less than credit cards.
3. Your personal credit is on the line.

12. 6. Venture Capital

13. Unless you think a VC can make 10 times
their money within 5 years, your business
is not a candidate for venture capital.

14. 7. Angel Investors

15. Keep in Mind
1. The best way to find them is through networking.
2. You can also use angel.co and newyorkangels.com
3. Structure the investment as a convertible note.

16. Click here to learn more.

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19. To learn how you can be a more
successful entrepreneur visit
us at ....

20. www.FitSmallBusiness.com
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