I wouldn't have loaned someone like me 14 cents. No one else would have either. That's often the case for budding entrepreneurs seeking to start businesses or expand young ones. High interest rates, lack of collateral and a skimpy resume can doom conventional approaches to early financing. Thus many small businesses are initially capitalized by other means.
Founders dig into their personal savings.
They max out their credit cards. And they turn to family members. That last source, though, should be approached with care. Pa. Still, many people can't resist asking everyone from parents to in-laws for capital. And those asked may find it hard to say no.