Financial Assistance

A comprehensive look at the sources and procedures for funding a new or existing business.

Every great business concept takes commitment, passion, and money to turn the idea into a reality. Most businesses, from a financing point-of view, are much easier to start than to maintain. Growing a truly successful business that thrives for decades is very difficult and increasingly rare. All businesses require some level of initial financial investment and in many cases this comes directly from the owner's own resources.

At some point almost every business whether young or mature needs financial investments beyond the capability of the owner's). Those approached to make investments in the business are just as concerned, perhaps even more, with the future profitable returns of the business as the owner. It is from these future profits that both the owner's) and investors will see their share of the benefits for taking a risk on the operations of the business. The amount and cost of funding is critical to the success of any business.

Too little cash and the business cannot operate to its potential. Too much invested and money is either wasted, misspent, or repayment too costly to the business. Although there are many different sources of funding available to business owners, most require the borrower to have excellent credit, a solid operating plan, and collateral to secure the lender's investments.

The Alliance SBDC has financing professionals who understand what funders want to see in a borrowers proposal and if possible will help locate a source of funding that is right for you. Obvious, not every business will be successful in securing funding but because of our extensive network of funding sources the Alliance SBDC is an excellent place to start.