Financing your business

Financing your business

Whether you’re starting a business from scratch or buying an existing business or franchise, some approaches you may consider for funding:

  • Fund your business yourself through self-funding
  • Secure venture capital from investors
  • Use crowdfunding
  • Get a small business loan
  • Small and Medium Enterprises investment programs​​​​​

It’s important to remember that investors such as business angels and venture capitalists may expect some level of existing self-funding or existing equity in the business in order to invest.You may also require financing for other areas of your business such as property, vehicles, machinery and tools, or inventory. There are different types of financing that may be available for you such as:

  • A bank or MFI loan
  • A line of credit
  • Leasing
  • Trade credit from suppliers
  • Loans
  • Investments

For guidance on deciding which methods are the best for your business, you can find counselling services through our resource partner network (see Service Providers).