Though small business owners will likely have to look beyond lending circles to raise all the money they need, this credit score-boosting mechanism can help loan applicants look much more appealing to banks and credit unions. 4. Asking family and friends Small business owners with extensive personal connections may want to pursue crowdfunding campaigns that specifically target family and friends. Several websites are dedicated to helping entrepreneurs ask for funds from close acquaintances and loved ones. One such platform, TrustLeaf, provides all the necessary legal documents, keeps track of payments, and makes it easy to communicate with your potential investors.
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