5 Additional Sources of Capital / Business Funding for Black-Owned and Other Businesses
Channel: The Resourceful CEO
Date: 2021-08-05

Capital is the crucial ingredient for any business to grow. This holds true whether you are a one-person firm with minimal revenue or a 100-person company with significant sales. Yet so many entrepreneurs and business owners complain about how difficult it is to attain. While it is true that Black business owners encounter more issues with obtaining funding, it is possible. However, to do so, you often have to think more broadly and access 2-3 sources instead of just one.

Here I discuss five sources of capital / business funding that many business owners overlook. They are the following:
1. Strategic partnerships
2. Barter
3. Strategic investors
4. Supplier financing (extended)
5. Seller financing (when acquiring companies)

#businessfunding #businessfinancing #funding #Blackownedbusiness #Blackownedbusinesses #Blackbusinessowners #womenownedbusiness #womenbusinessowners #barter #strategicpartner #capital

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