In many instances, they trade their help for a small interest in your company. Many states have Business Development Commissions whose goal is to assist in the establishment and growth of new businesses. Not only do they offer favorable taxes and businesses expertise, most also offer money or facilities to help a new business get started. Your Chamber of Commerce is the place to check for further information on this idea. Life Insurance Another frequently overlooked source of start-up funds is borrowing from life insurance.
Loans are almost always obtainable against policies with savings features.
These people take your prospectus and circulate it with various known lenders or investors. They always require an up-front or retainer fee, and there is no way they can guarantee to get you the loan or the money you want. There are many very good money brokers, and there are some that are not so good. They all take a percentage of the gross amount that's finally procured for your needs. Start thinking about the idea of inviting investors to share in your business as silent partners.