Three Tips for When Your Small Business Needs to Raise Funds

Trying to start a business or take one to the next level can be expensive. You might be increasing your staffing, starting a marketing campaign or developing a new product. Self-funding is often recommended, but that isn’t a possibility for everyone.

Getting a business loan from your bank is certainly a possibility, but there are other funding sources available. So before you settle on where to obtain your funding, here are a few tips to keep in mind.

1. Know the difference between debt financing and equity financing