What are the ways of getting funding for my startup project?

Here are some common ways:

  • Bootstrap it yourself. Self-funding from your savings is always preferred as you don’t have to give up any of your ownership.
  • Ask your “friends and family.” This can be a risky source as business relations can affect your personal relationships, yet they can be some of your biggest supporters and open to attractive terms for repayment.
  • Find a major customer to front the beginning the costs
  • Use a crowdfunding website like Fundable. Make sure you read the fine print in your agreement with the various sites.
  • Loans through the U.S. Small Business Association. A lot of different options here, and historically a solid option for small businesses.
  • Credit cards / mortgage your house.
  • Peer-to-peer lending on a site like Propser. Like crowdfunding sites, read the fine terms.

Hope that helps! If you need some sound legal advice during your fundraising then feel free to stop by LawTrades! We’re a legal marketplace that has quality, vetted attorneys available at transparent fares. We also offer start-to-finish project management, quick & painless price quotes and a satisfaction guarantee. If you’re looking for a more detailed answer I suggest you take a look at our service Micro. For a low flat-rate (typically $25) you can ask one of our experienced attorneys a question and receive a customized answer within 48 hours. Hope you check us out!