These pages are intended to help you better understand the range of financing options for potential entrepreneurs and existing entrepreneurs. No one method is recommended over any other – each has risks, costs and benefits. Weigh each option against your own situation. Grants are not mentioned because they are not usually a source of funds for starting a for-profit business.
A word to the wise: Research your idea thoroughly, develop realistic budgets for supplies, production and marketing and determine your actual financial needs – not just how much you can borrow.
Research will save you money – and heartache!
Financing Options Described
Review the definitions of sources of financing.
Financing Options Compared
Compare the risks and benefits of sources of financing.
The information within this section has been compiled in partnership with Grand Rapids Opportunities for Women (GROW).