Welcome to the how of business with your host, Henry Lopez, the podcast that helps you start,

run, and grow your small business. And now here is your host. Welcome to the how of business.

This is Henry Lopez. And this episode is all about helping you determine how you will fund

your small business startup. It costs money to start a business, obviously,

so where will that money come from? To receive more information about the Hawa business,

including the show notes page for this episode, which will include all the free downloads and

other resources that I will reference in this episode, please visit the howab business.com.

And I want to announce that I've just set the date for my next financial projections workshop.

So please visit the howab business.com for that next workshop date and time and the registration link.

I am once again limiting the number of participants to this next workshop to 10.

So be sure to register today for the next

financial projections workshop. So let's talk about funding options for your small business.

Nothing happens in business, obviously, without first having money to invest. Depending on your

business idea and your plans, it may take very little money or large sums

from multiple sources. But even the smallest of businesses will require some investment of money

and a portion of it will likely need to be your own cash. And your ability to borrow money,

if you are going to borrow money, will be almost completely dependent on your personal credit and your

available collateral. So let's explore how you can get the capital to start your small business.

First, I'll start with the most common sources of funding for small businesses in the United States.

And this is somewhat in order of most common, with the most common being your own sources of capital,

which might include cash, investments, your IRA or 401k monies, home equity loan, margin accounts,

credit cards, those types of things, the cash and the resources that you currently own.

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