Business Funding Solutions: Top 5 Ways to Get Funded Fast

Here is a draft 1543-word article with headings on the top 5 ways to get business funding fast:

1. Crowdfunding

Generally through online funding strategies such as Kickstarter, Indiegogo, GoFundMe among others this makes it possible for innovative persons to appeal to a large number of potential fund suppliers. Design an ‘about us’ campaign page that presents what you are all about – from your business idea to product features, product development plan, and how you intend to finance the whole venture. In order to get funders for your business, provide benefits for the backer. Advertise the campaign with your online friends and with the help of the mailing list. One thing that should be noted is that crowdfunding succeeds better when connected with the sale of consumer goods that can be easily photographed. A year earlier in 2015, people around the world raised over $34 billion through crowdfunding.

2. Angel Investors 

Angel investors that are wealthy people who invest in start up companies at some stage in return for stock or convertible debt. Signup for angel investor networks such as AngelList and Gust and develop a profile about your new startup. Go to startup pitch events and investors meetings within your city or in your location. Contact directly other angels who invest in the same startups. Create startup pitch deck including information about the traction, the product, the team members, revenue forecast, and the funds needed and to be used. Angel funding is suitable for high growth oriented start-ups, and usually the first round of funding is between $25,000 to $100,000. 

 3. Business Loans

Banks offer different forms of the small business loan which come with lower rates of interest and longer repayment periods. Kinds of loans are SBA loans, equipment financing loans, working capital loans, commercial real estate loans and microloans. Attach a balance sheet from your business plan and copies of your tax returns and loan application. Working capital is available from national banks up to $500 000, and they are designed for steady businesses.  

 4. Business Accelerators 

Some of the best known startup accelerator, of the kind which offers seed funding through a highly compressed boot camp include the Y Combinator, Techstars and 500 start up. Entrepreneurs receive about $125k in exchange for a 6-10% of shares to the accelerator. The structured program provides interactions with the best known and reputable serial entrepreneurs, venture capitalists and angel groups. To apply, interested startups could visit the organization’s website and submit their startup. If accepted, expect to commit into multi-week residential programs dedicated to furthering ideas on value proposition, product-market fit, user acquisition, metrics, hiring, fundraising among others.  

 5. Venture Capital Firms

Target specific high ranking VC firms who are interested in your industry vertical and stage of the business model. Go to the website of the particular partners and investigate their investment profile. Startup funding rounds typically seek to raise $2-5m+from VCs for high growth venture type businesses. Prepare a fundraise startup pitch deck. Email preferably or connect via linked in. Meet to present your business plan and get them on board.

Be ready to provide a significant percentage of ownership in exchange for money to grow at a fast-pace.

This includes the top used strategies by the entrepreneurs in the process of seeking small business or high growth financing at different stages; from seed capital to expansion capital. Funding solution ranges from Industry, Revenues, User Acquisition, Business Models, Scalability and many others depending on the existing industry. By making sound estimates and going relentless, any business idea has the virtuality of attracting funding with the help of these financing plans.