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Ways to Source for Funds


While there are many ways of sourcing funds to carry out projects or causes be it personal or public, here we provide you with the most common you can source for funds. This ranges from personal investments, savings, family, and more.

1. Your Personal Investment: The first and the most important investor is the business/vision bearer -yourself. This proves to other investors and volunteers that you have a long term commitment to your project and that you are ready to take all the risks therein to succeed. Your personal investment could also prove handy when in wait for other sources of raising funds especially when it comes to showing that, you have tried your best and the evidence is clear enough. Remember you can only be helped if you are still breathing.

2. Love Money: This is usually money loaned from family and close relatives or friends. This is also referred to as patient capital and it is usually to be repaid when the business pays off or the cause is over. Love money is also risky in that the lender tends to be neglected since they are our loved ones or close relative. 

4. Venture Capital: Venture capitalists take an equity position in the company to help it carry out a promising but higher risk project. This usually involves giving up some ownership or equity in your business to an external party responsible for the risk-taking at the time of your need. This could also place the business or project owner in a risky position of completely losing out their ownership.

5. Angels: These are wealthy and well to do individuals who are willing to sponsor small and medium scale businesses owned by others. They are always leaders in their own fields who not only contribute their experience and network of contacts, but also their technical/management knowledge as a support for the success of such a business.   

6. Business Circulators:  These are the accelerators of businesses, they focus on the high tech sectors by providing support for new business in various stages of development. Community incubators will invite future businesses and other upcoming companies to share their premises as well as their administrative logistical and technical resources.

7. Government Grants and Subsidies: Some designated government agencies provide financing supports such as grants and subsidies that may be available to your business as another way to source for funds. All your have to do is be on a lookout for such grants from the government of your country. Since the government is always about people, when such grants are available, you may be notified through news or government media channels.

7.   Bank loans: Bank loans are the most commonly used source of funding for small and medium-sized businesses.

8.   Cloud funding: There are a number of groups that will allow you to pitch your ideas to investors via the internets. Here multiple investors will contribute funds to the idea

9.   Crowdfunding: These are primarily web-based projects and allow individuals with a business idea or project to reach out to thousands of potential investors through various platforms. Investments can be debt, equity, or rewards-based there are hundreds of crowdfunding click to start a crowdfunding

10. SBA loans small business Administration has many programs. But in general, these loans require a guarantee that the loan will be repaid to enable the business to get loans from traditional lenders.


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