Should You Use a Microloan to Fund Your Small Business?


It’s not uncommon for new entrepreneurs to struggle with business finances, as untested companies are riskier bets for risk-averse lenders. Creative funding solutions, like crowdsourcing, can help you avoid dipping into any personal savings to help get your business started, but a small microloan is another option to jump-start your company. What is a microloan?…

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Microloans: Are They Right for Your Small Business?

So, you took the plunge. You decided to start your own business. Every day you’ll wake up with the personal satisfaction of being your own boss—no more unfulfilling work, inflexibility, lengthy commutes or other hardships via conventional employment. But, unless you’re swimming in gold like Scrooge McDuck, you need to acquire funding to turn your…

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