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Best Ways to Fund your Home Based Job and Startup Business

home startup

If you think you have an idea for the next great startup, that’s incredibly exciting, but actually starting your startup at home up can sometimes be just as hard as having the great idea in the first place.

Every startup needs access to capital, whether its funding development, initial rollout, gaining inventory, or just brining on your first employee so you can play a great startup company game.

Most minds will go straight to a traditional business loan to get their primary source of money, but there are a lot of creative ways that you can get your business off the ground that don’t necessitate a big bank getting its hands in your pockets.

These alternatives are definitely available to you, but a word of warning, they take some work and research to do right. If you weren’t up to the challenge, however, you probably wouldn’t be looking to create your own startup in the first place, now would you?

Personal financing

This might not seem like the most creative option, but if you’ve got a nice bundle of money of your own, why not avoid taking out a loan at all and just fund the first steps of your start up yourself.

Beyond that, financing your business on your own is a good way to show other investors that you are serious about and confident in your business and your product.

If you are looking for a personal finance definition, or just to get some good ideas on how to grow your personal finance, head to Reddit and do some research on r/personal finance. Good luck!

Personal line of credit

You will probably get yourself into a bit of debt going this route, but there’s no harm in taking a risk like that when you believe in the product.

Take out a new personal line of credit with a new credit card and take advantage of a potential APR free promotional period and make your initial expenses on your new credit card. While credit card debt is somewhat stressful, the advantage is that you get to hold on to total ownership and control of your company as long as you make at least the minimum payments on your credit card.

Reach out to family and friends

When you are looking for support to get your startup off the ground, there is nothing wrong with looking for help from the people who believe in you and support you.

If you are worried about turning a personal relationship into a business relationship, keep in mind that there is never anything wrong with writing up a contract to make it official. Either write a contract stating how you will pay back your friends or family members, or write up a contract to give your family and friends some equity in your soon-to-be blossoming company.

Peer-to-peer lending

Peer-to-peer lending is a process in which a group of people come together to lend money to each other. It’s been around for quite some time and it works perfectly with startups as your peers look to invest and become a part of promising new businesses throughout the industry.

It can not only be a great way to get some initial funding, but it can also be a great way to make promising and productive connections within the startup world. On top of that, it’s also a way to get buzz going on your business before you even start up. If done correctly, getting funding from peer-to-peer lending can be a win-win-win!


A great way to cast a wide net to a multitude of different funders is to try and get your business crowdfunded. This works primarily for businesses that are just starting out and something that is new and exciting, that’s the way to attract a large number of interested parties, which can lead to huge amounts of money being lent to you for your business.

There are many sites that you can considering if you want to try to crowdfund your business, but it is important that you do the work beforehand. If you want to crowdfund, you’ll probably only get one shot to start a successful campaign, and you’ll want to have a great angle to convinced funders to give you their own hard-earned cash.

Car title loans

If you have looked into several options and have come up short, one option that could be a great help to you is a car title loan. A car title loan is very different from the other options on this list because they are secured loans that are tied to the value of your car.

If you are looking for a quick injection of cash to make some small improvements, or need fast cash to pay for your rent while the rest of your money is tied up in your business, a car title loan car be a great option.

Basically, the way they work is quite simple. You apply for your loan by using your car to qualify. That means that in order to qualify you must have a car with a lien-free loan. Car title loans typically do not require a credit score check, which can be a great thing for some who are struggling with less-than-ideal credit scores.

It is important to keep in mind, however, that because car title loans are secured loans, if you fail to repay your loan within the payment term provided to you by your lender, you do run the risk of having your car repossessed.


A microloan is an easier and faster way to get money than a traditional business loan. They have been made even easier to obtain thanks to lenders online. It is important, however, to keep in mind that the term micro refers to the size of these loans. Microloans typically are usually worth under $50K. If that is not enough for you, you will probably want to look for a different kind of funding, if they are right for you they can be used for a number of things.

If you need money for equipment, inventory, supplies, paying employees, etc., microloans can be a great option and are certainly something to consider.

In the end, all of these options are meant to help you best start, continue, or run your business. If is up to you to decide which option is best for you, or if the best option for you does not exist on this list at all. Either way, it is important to know that there are a plethora of ways to get the funding you need to help get your business off the ground.

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