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Forum nameBiz Ideas
Topic subjectRE: How to get Money Sources for Business?
Topic URLhttps://www.businessownersideacafe.com/forums/dcboard.php?az=show_topic&forum=103&topic_id=5148&mesg_id=5151
5151, RE: How to get Money Sources for Business?
Posted by phanio, Mon Aug-18-14 07:38 AM
The good thing here is that for an eCommerce site, you don't need a lot of money to get started and once started you can plow back some of your revenue to fund your growth.

Most new businesses have to bootstrap to get started - this means using personal resources - friends and family, savings, personal credit cards, etc. to get started.

Other ways can include getting a personal loan or line of credit to fund your startup - these loans are usually easier to qualify for and you can use the money for anything. This was how I got started.

Also, in the U.S. we have micro loan programs that are designed to help new startup businesses that have been turned down by banks and other business lenders. You can get up to $50,000 - but the average first loan is around $10,300.

Good luck.