Starting a Business
Common Methods for Financing
Bank Loans
Credit Cards
Personal Savings Accounts
Crowdfunding
SBA Loans
Microloans
Grants
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Crowdfunding
Crowdfunding is new way to finance a business online. This can occur on a donation basis or an investment basis. Explore the possibilities of financing through crowdfuning.
SBA Financing Options for Small Business
The Small Business Administration, or SBA, is a resource to small businesses across the country, providing information about small business development as well as funding programs. Learn more about financing options, courtesy of the SBA.
McLean County Micro-lending Program
The McLean County Small Business Micro-lending program is a local option for business owners to finance. This loan ranges from $500-$50,000 and is intended to be a low interest option.
Personal Financial Statement
To obtain a bank loan, an owner must complete a personal financial statement. Get a copy of The Unites States Small Business Administration Personal Financial Statement by clicking the appropriate tab.
It is important to note that some banks may require a statement specific to their bank. Business owners should contact the lender they intend to receive financing from to acquire the correct paperwork.
Analyzing Your Business Finances
Understanding the way money moves or will move through a business will help an owner operate as efficiently as possible. Use the templates and worksheets below to determine startup costs, potential profits margins and more.
Break-Even Analysis Worksheet​
Cash Flow Statement Template
Financial Projections Template
