By Andrew Binetter
Starting a business venture is a rewarding process for many individuals. Securing finances to make dreams a reality, on the other hand, is a process fraught with difficulties and challenges. To help new business owners secure the funding needed to launch and to survive the first turbulent years, there are many options besides traditional bank loans. These options include: Government Grants – grants from local, state, and federal governments are plentiful, and many of these grants require no collateral. Governments use these grants to stimulate the economy and to create platforms for innovation in manufacturing and technology. Crowdfunding – platforms like Kickstarter, Fundable, and Indiegogo have proven themselves to be valuable assets for new business ventures, allowing individuals to contribute small amounts of money in exchange for special products or deals. Best of all, these crowdfunding options also provide a built-in community of potential customers once the business is able to launch. Business Accelerators – sometimes referred to as incubators, these entities provide valuable training and resources for entrepreneurs. Many offer zero-equity options as well, and some offer cash awards and funding for selected participants. Learn more about - https://andrewbinetter.tumblr.com/post/188870476793/everything-you-need-to-know-about-asset-backed
