So, you want to receive some financing for your business, huh? Well, we wish you the best of luck. If you’re not Amazon, a company that hops onto the latest bandwagon, or even a business that will turn a profit (seriously, how many businesses with zero profits receive funding every day?), then it can be hard to get money.
The big banks don’t want to work with you, venture capitalists are wary, and you can’t tap into your home equity to launch or expand operations.
So, what can you do? First, acknowledge that the market is really competitive today. Second, make a few changes to your business to improve your odds of getting the capital you need.
Here are five tips to get business financing in today’s competitive market: