The pros and cons of 7 common startup-funding strategies

11/30/2011 |

Entrepreneurs can use any one of a number of methods to finance their ventures, but each comes with its own pluses and minuses. Small Business Administration loan programs, for example, can help companies generating cash flow to get funding but come at a variable rate. Other options include using credit cards and borrowing from friends and family. While family members might be willing to loan to you if banks won't, using their money can affect your relationships with them, warns Chuck Evans of the South Eastern Economic Development Company of Pennsylvania.

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