Small Business Funding

Definition: Small business funding refers to financial resources made available to entrepreneurs to start, grow, or sustain their businesses. This funding can come in the form of grants, loans, venture capital, crowdfunding, or personal investments.

Example: A handmade crafts business applying for a local economic development grant or securing a low-interest loan through the Small Business Administration (SBA) is accessing small business funding.

Resources:

• SBA Loans: The Small Business Administration offers funding programs like the SBA 7(a) loan for small businesses.
• Grant Opportunities: Platforms like Grants.gov list federal grant options for small business owners.
• Crowdfunding Platforms: Tools like Kickstarter or GoFundMe provide opportunities to raise funds directly from supporters.

Learn More: Explore our guide to understand how to access funding options for your small business.