Financing Your Business Growth – Why It Pays To Have An Attorney On Your Side


Business owners know that it takes money to make money. One of the first questions a would-be entrepreneur must ask is “how will I fund my business before my business is making enough money to fund itself?” One common solution is to inject capital from personal sources (savings, home equity, etc.), while another is to turn to outside investors. Some businesses are able to obtain funds from the Small Business Administration, through the 7A or other government sponsored programs.

Injecting start-up capital is only the beginning, however. Growing businesses frequently discover that their growth is hampered by lack of cash. Perhaps they wish to purchase a new piece of equipment, invest in a building, or grow receivables. Perhaps they want to take advantage of unique opportunities such as buying out a competitor or purchasing commodities during a market dip. In these situations, obtaining financing for your business can be critical in achieving your goals.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Laurel Edgeworth | Attorney Advertising

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