Step Three - Find Funding
Your local bank is not the only resource in town. Other organizations are out there willing to show you the money!
Once you have a clear idea of what it may take to operate your business, you can explore options to raise or borrow the funding you need. There are various programs and sources that may be happy to lend you capital. You just have to know where to look and how to ask.
- Develop a full cost projection of your business, including extra funds for unexpected expenses and/or delays.
- Explore financing options available through banks, nonprofit and community lenders, City funding programs, and other investors.
Things to Know
Many business owners recommend having a plan in mind just in case it takes more time and extra costs to open your business than you thought. Cost overruns seem to be a pretty common occurrence.
How the City can Help
City staff can connect you to programs and partner organizations that can assist you in starting, maintaining, or expanding your business. Connect through our Business Resources page or call at 651-266-6600.