As at the end of 2018, about 29% of startups in the United States failed due to a lack of funds. In addition, many business ideas were never implemented because the owners could not raise enough funds to start them up. This marks the importance of funding to businesses.
In fact, funding is as important as the business itself. In the bid to reverse the ugly trend, James River Capital Corp decided to list out a few effective ways to get your business funded. Before discussing the ways, you may want to know a little about James River Capital Corp. The company links entrepreneurs with investors and they are also into alternative investments.
It was acquired and rebranded in 1995 by Paul Saunders and his business partner. As the chairman and the CEO, Mr. Saunders has used his wealth of experience in Finance to steer the organization to the top of the investment industry. That being said, let’s get straight down to the funding ideas.
Have you tried venture capital?
If you need more than $1 million, this option may be the best for you. There are so many venture capitalists that are hoping to make a multiple of their investments. You can approach any of them. If your proposal is convincing, you should get the funds.
This option requires little or no explanation. It is a good way to get the funds raised by people who believe in your business ideas. A simple search on Google will give you several crowdfunding platforms.
Try angel investors
You might as well try angel investors. Many individuals have money they can spare. They prefer to earn returns on their money instead of allowing it to lie idle in their bank accounts. You can find them with Google search as well.
Try local loans
Your local chamber of commerce is also ready to fund your business ideas too. You can try them.
If for any reason, you don’t think any of them can work for you, why not contact James River Capital?