Adequate financing can mean the difference between survival and an untimely demise for any business. And with banks still holding on to their assets, finding that capital can be a little harder. But if you’ve found a potentially viable source of backing, how do you know it’s right for your business and long term goals?
Many business owners are at least familiar with some of the more common methods of financing-–angel and venture capital–as well as not so common methods, such as factoring, but how do you figure out which method of financing is best for you? Check out these tips from Darrin Redus Sr., chief economic inclusion officer for JumpStart Inc., a Cleveland-based venture development organization.
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