Finding startup capitalEvery business needs startup funds. Most begin on just the resources of the entrepreneur. Personal savings, severance packages, credit cards, and home equity loans are the primary sources of start up capital for new entrepreneurial ventures. Most companies begin with less than $25,000 capital, according to an ongoing analysis of the Inc. 500 annual listing of America's 500 fastest growing privately held companies. Chances are you won't attract outside investment until you've achieved certain milestones that can only be achieved if you're open for business. Of course, a successful entrepreneurial track record changes this dynamic. The Oklahoma Department of Commerce offers a comprehensive overview of many types of financing. |
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