Each response should be at least 200 words. Post Response # 1: Hey class, I would like to enlist the March of Dimes to assist with providing support for pregnant women and mothers of small children in my community.  I love this organization because they believe that all babies deserve the best possible start.  March of Dimes has been around for over 80 years and has helped millions of babies.  They do allot to help educate people about best practices for expecting mothers and babies.  When my close friend’s son was in the NICU, they helped provide her and her family comfort and support. On Saturday, April 18th myself and three close friends will walk three miles at City Park to help to raise funds to support research, advocacy and programs for the health of all moms and babies.  I did this last year as well and it was a blast! We bring our kids and come together to celebrate our experiences and beautiful children.  It brings the community together and we help raise money.  CBO’s support the community.  According to the U.S. Department of Education (2004), the term community-based organization (CBO) means “a public or private nonprofit organization of demonstrated effectiveness that (A) is representative of a community or significant segments of a community; and (B) provides educational or related services to individuals in the community.”  Technology has become increasingly important to manage operations and develop solutions.  My Response: Post Response 2: Hello Everyone, I have chosen the Autism Society as my community-based organization (CBO) to assist with providing services to autism in my community as this is an issue that hits close to home as a few of my friends have children with Autism. Living in small community Autism resources are not readily available as they are for cities at least 45 minutes or more away from our town. Shawano does, however, have an organization called Bridge the Gap, which does assist with this population. However, this is not enough. I would enlist the help of the Autism Society with funding to help this organization help even more people, provide services that are not yet available in the community, providing funding to not only the program but to families to afford these services and provide education for the community, among other items as well. The mission of the Autism Society of Greater Wisconsin is, “…to provide a community for individuals affected by autism, their families, and professionals who serve them. Our goal is to increase the quality of life for those affected by autism and respond to the emerging needs of the autism community” (Autism Society of Greater Wisconsin, 2020). With this mind, I would want these efforts to improve the lives of people and the families affected by autism by providing support, accurate information and resources, referrals, education, and community development. I would also enlist the help of community members and families affected by Autism to assist in writing lette ...

1. Each response should be at least 200 words.
Post Response # 1: Hey class, I would like to enlist the March
of Dimes to assist with providing support for pregnant women
and mothers of small children in my community. I love this
organization because they believe that all babies deserve the
best possible start. March of Dimes has been around for over
80 years and has helped millions of babies. They do allot to
help educate people about best practices for expecting mothers
and babies. When my close friend’s son was in the NICU, they
helped provide her and her family comfort and support.
On Saturday, April 18th myself and three close friends will
walk three miles at City Park to help to raise funds to support
research, advocacy and programs for the health of all moms and
babies. I did this last year as well and it was a blast! We bring
our kids and come together to celebrate our experiences and
beautiful children. It brings the community together and we
help raise money.
CBO’s support the community. According to the U.S.
Department of Education (2004), the term community-based
organization (CBO) means “a public or private nonprofit
organization of demonstrated effectiveness that (A) is
representative of a community or significant segments of a
community; and (B) provides educational or related services to
individuals in the community.” Technology has become
increasingly important to manage operations and develop
solutions.
My Response:
Post Response 2: Hello Everyone, I have chosen the Autism
Society as my community-based organization (CBO) to assist
with providing services to autism in my community as this is an
issue that hits close to home as a few of my friends have
children with Autism. Living in small community Autism
resources are not readily available as they are for cities at least

2. 45 minutes or more away from our town. Shawano does,
however, have an organization called Bridge the Gap, which
does assist with this population. However, this is not enough. I
would enlist the help of the Autism Society with funding to help
this organization help even more people, provide services that
are not yet available in the community, providing funding to not
only the program but to families to afford these services and
provide education for the community, among other items as
well. The mission of the Autism Society of Greater Wisconsin
is, “…to provide a community for individuals affected by
autism, their families, and professionals who serve them. Our
goal is to increase the quality of life for those affected by
autism and respond to the emerging needs of the autism
community” (Autism Society of Greater Wisconsin, 2020). With
this mind, I would want these efforts to improve the lives of
people and the families affected by autism by providing
support, accurate information and resources, referrals,
education, and community development. I would also enlist the
help of community members and families affected by Autism to
assist in writing letters as to why the help from this
organization would assist in helping the community.
My Response:
You Can Bootstrap Your Startup from an Excel Spreadsheet
with This Founder's 'Agile Financing' Model
By Jeff Haden, Contributing editor, Inc.
Pini Yakuel is the co-founder of Optimove, an AI-driven
relationship management platform that lets brands like 800-
Flowers, Adore Me and Freshly divide their customer base into
micro-segments and send them extremely personalized,
emotionally intelligent communications at a huge scale.
Sounds great, right? It is -- but when they launched the
company almost ten years ago, they kept their day jobs,
bootstrapped Optimove, and created a simple Excel spreadsheet
to handle accounting.

3. And as you'll see, even though they now have over 100
employees and offices on three continents, they used that same
spreadsheet until last year.
Pini calls the approach agile financing. Want to know how you
can use agile financing to grow your business without
significant capital or outside investors?
Here's Pini:
If you've started a self-sustaining business--one that prioritizes
profitable growth--your financial situation is unique. You aren't
governed by an arbitrary valuation, nor do you need to report to
investors. Your growth depends on chasing revenue. And if
you're a young company that's growing quickly and constantly
changing, you need to be nimble.
My company, Optimove, now has 140 employees, more than 250
clients, and offices in three continents. An agile financing
method helped us grow from a two-person startup to one with
140 employees and offices in three continents. It seems unreal
that until a year ago, and for six years running, we managed our
entire financial operation from a single Excel sheet.
Could "Agile Financing" Work for You?
This method worked for us because it kept us focused on
staying profitable and investing in the highest priority areas of
our business. From day one, my co-founder and I knew we
weren't going to take any funding until we were ready. We kept
our day jobs as university lecturers and bootstrapped the
business by taking on consulting work--analyzing and
segmenting customer personas for companies that were sitting
on a goldmine of data.
As the consulting money came in, we invested every available
penny into the product, which would automate the work we
were doing for our clients. By starting with a consulting model,
we were able to get valuable customer feedback and build a
client base while developing our SaaS product.
While we had a plan in place for making money, our business
was growing and changing rapidly. Creating an annual forecast
or measuring estimated vs. actual spend wouldn't have told us

4. much about our business.
What To Put In Your Model
We engineered an agile financing model based on the monthly
economics of our business. Based on a snapshot of our net
revenue in a given month, we made quick decisions about where
to invest.
We tracked four numbers:
· Monthly revenue (total booked across all signed contracts,
averaged by month)
· Monthly costs (total spent on salaries, rent, equipment, travel,
etc., averaged by month)
· Revenue gap (the difference between numbers one and two)
· Cash buffer (savings in the bank
Key to this approach was its real-time nature. We tracked all
expenses as they happened; for instance, we would add a new
hire's salary to our calculation of monthly costs, even if their
start date wasn't for another 90 days.
Similarly, we added new client revenue as soon as the contract
was signed. We could always see the amount we had available
to invest back into the business. When this gap became
substantial enough--for instance, after signing a new client--we
would invest in the most immediate bottleneck, whether it was
engineering talent, a bigger marketing budget, or customer
support resources.
A monthly model worked well for us as a consulting-turned-
SaaS business with recurring revenue (first in the form of
consulting clients on retainer, then a monthly subscription for
the product) and regular expenses (primarily payroll and rent).
Our business was not yet mature enough to warrant hiring a
controller and creating an annual budget or quarterly forecast.
In fact, we had no interest in the future or the past, estimates
versus actuals, or projections of any kind. We kept our eyes on
the business' financials in the present.
When we first started the company, our cash buffer was about
$100,000, saved from consulting, plus our own financing and a
small loan. Our recurring costs were about $20,000 per month.

5. Once we reached $25,000 in monthly revenue--a gap of $5,000--
we began to take small salaries and rented an office.
Keep It Updated in Real Time
As we grew and had more revenue and expenses, we logged
everything in that single Excel sheet. It saved us a great deal of
time that would have been spent on forecasting and accounting.
Even after we hired a CFO, we used the same method of agile
financing. The CFO managed the finances and the two of us
allocated monthly budgets to department heads. These budgets
were accounted for as part of our recurring expenses; anything
beyond this needed to be approved.
The only time our costs exceeded revenue was a period in 2009,
just after the financial collapse. During this time we mostly
broke even, but it proved the importance of having a cash
buffer. We were judicious about where we invested, and our
growth was a bit slower.
We used the same agile model until a year ago, when we took a
$20 million growth investment. At this point we had a cash
buffer of $3 million. Our product was well established in the
industry, serving hundreds of clients and in its sixth version
release. The fact that this financial model served us through
years of growth attests to how well it embodied our M.O.:
Iterate quickly, and invest every dollar back into the business.
It also served to maintain our ethos that businesses can grow
without burning through VC cash.
Conclusion
A few tips for agile financing:
1. Write down recurring costs as soon as you know them--even
if one is set to start in 90 days.
2. In the beginning you may need to take a small loan to
establish a cash buffer, and use your gap to pay off the loan.
3. Make every decision based on the gap at that particular
moment--not based on optimistic forecasting or a yearly
meeting in which you make financial decisions.
And a couple of caveats:
· This approach doesn't work for businesses with high churn

6. rates or variable spending. Too much fluctuation becomes
dangerous because your buffer may not be able to absorb a
significant change from month to month.
· It also doesn't work for businesses with outside investors who
require reporting and transparency into the finances. It is a
method for bootstrapped startups with recurring revenue and
consistent spending, such as SaaS businesses.
As a startup, your ability to predict the future is limited. You
are forced to react to what is happening in the moment,
prioritize fiercely, iterate, and move forward. Your financing
paradigm should represent this type of agile growth.
20 Best Ways To Finance A Business Start-Up
May 6, 2019 Chris Motola
When launching a business, the essential components of your
success are the quality of your ideas and your willingness to put
in the work required to see those ideas come to life. In the milk
of capitalist meritocracy, the cream rises to the top. With
gumption, know-how, and a little steely-eyed grit, there’s
nothing stopping you from turning all that money currently
languishing in your trust fund into a thriving business
enterprise. Go ahead, make your mark on an opportunity-laden
world!
Wait, what’s that you say? You don’t have a fat trust fund to
draw from? In that case, looks like you’ll have to raise some
capital. According to the Small Business Administration, the
average cost of launching a start-up in 2009 was estimated (by
the Kauffmann Foundation) to be $30,000. Obviously, different
kinds of businesses have different funding requirements, but in
the years since 2009, start-up costs certainly haven’t gone
down.
The prospect of going, hat in hand, to beg for money from the
holders of capital isn’t one that appeals to most entrepreneurs.
It probably wasn’t the aspect of building a business that

7. occupied your fever dreams growing up. Nonetheless, for those
of us without inherited wealth, borrowing money to start a
business is a necessity.
Let’s explore the ways you can get your mitts on some start-up
capital for your new business venture.
Personal Assets
1. Your Own Assets
Self-funding may not be realistic for many entrepreneurs. Yet
the fact remains that (according to the nonprofit association
SCORE) 57 percent of start-up business owners use their
personal savings for start-up capital. It may not be the most
appealing prospect — it’s always more fun to spend someone
else’s money — but sometimes, entrepreneurship entails
sacrifice.
You might not be flush with cash, but you can always try doing
things to change that. You could sell your car and just use Lyft,
or the bus, to get around. Sell your house and rent an apartment
above a restaurant. Or keep the house and get a home equity
loan or line of credit. Just be sure to make the payments, or else
you’ll be wishing you got that apartment when you had the
chance.
You can even borrow money from your 401(k) or your IRA
savings account. These are obviously not risk-free options and
should not be your first resort. But if you were looking for a life
of minimized risk, you’d have chosen a more staid line of work.
So be careful, but know that these options are available to you.
In fact, your business might be seen as a more worthwhile
investment if investors see that you have a personal stake in its
success.
If you’re thinking about tapping your retirement accounts, you
may want to look into Rollovers as Business Startups (ROBS).
For a fee, a ROBS funder will allow you to tap your retirement
funds tax-free and use them to finance a new business or
acquire an existing one. Keep in mind, this is still a risky
practice that can jeopardize your retirement savings, and the

8. fees can be significant.
2. Friends and Family
Another less-than-ideal funding solution involves hitting up
your friends and family for money. It’s certainly a tempting
route to go. Banks and investors will likely demand a more
thorough accounting of your business structure and
creditworthiness than will your Nana. She’s probably not going
to charge you the same level of interest, either.
However, it’s one thing to imperil your own finances with the
inherently risky activity of starting a business. It’s quite another
to put your close personal relationships in jeopardy. Consider
the risk to which you’re subjecting your loved ones. Also
consider the fact that having your family and friends’ money
involved may drive you to stick with a losing proposition longer
than is rational, should your business start to tank (as so many
do).
If you do decide to seek business funding from friends and
family, do yourself a favor: go through all the proper legal
channels and have the paperwork professionally prepared. You
should also make sure to request a loan, not equity investment.
Ask for the latter, and your friends/family will have the legal
right to be involved in major decisions involving your business.
Do you really want Uncle Earl playing a role in running your
company? He still uses AOL, for heaven’s sake.
3. Personal Loans
When you’re launching a start-up, business loans can be quite
hard to obtain, mostly due to your lack of existing business
revenue. It’s a classic “chicken and egg” problem. This is where
personal loans can become a solution. Whereas getting a
business loan is dependent on characteristics like the health and
creditworthiness of your business, getting a personal loan is
entirely dependent on your characteristics. Expect lenders to
closely scrutinize your credit score (640 is typically the bare
minimum), source of income, debt-to-income ratio, and

9. proposed use of the loan.
Personal loans generally top out at $35K, though a few lenders
cap it at $50K or higher. This is but a fraction of the amount
you can borrow with a business loan, which can be $1M or
more. Simply put, start-ups are inherently risky ventures, so the
amount of capital lenders are willing to lend you is going to be
strictly limited.
Business Financing
4. Credit Cards
Credit cards can always help you out of a jam in your personal
life. The same applies to financing your start-up.
Small business credit cards can have limits as high as $50,000.
Considering that this is funding you can use without having
your business plans scrutinized by some grand poobah, credit
cards may be one of the most convenient means of financing a
budding business. Of course, with this convenience comes high
interest rates. You don’t want to let your credit card debt linger
with the interest piling up, so plan to pay it back as soon as
possible, within the no-interest grace period if possible.
5. Grants
Free money: what better way could there be to fund your start-
up? Unfortunately, obtaining a grant to fund your young
business isn’t easy. That’s why you don’t hear about it
happening too often. However, grant programs do, in fact, exist.
There are federal grant programs, state and local government
grant programs, and some private grant organizations as well.
You can findgrant programs tailored to specific types of
businesses, as well as certain segments of the population. There
are small business grant programs for veterans, women, single
mothers, and other groups. Be prepared to write an extensive
and detailed proposal if you want any hope of landing a grant,
however. Competition for grants is tight, and only the most
compelling pleas are heard.

10. Grant programs can offer amounts as small as a few hundred
dollars to recipients, so don’t expect to ride a wave of free
money to business success. However, if you find a program that
you match up well with and have a particularly poignant story
to tell (and the time to tell it), you have nothing to lose by
giving it a shot.
6. Bank Loans
Entrepreneurs trying to launch their first business venture are
more likely to secure just about any of the above types of loans
than a bank loan. Banks tend to want to see a history of
profit before they’ll let you sniff their money — an obvious
problem for a new start-up.
Nonetheless, if you have a significant amount of collateral (and
yes, that’s a big if) and excellent credit, don’t count out bank
loans as a possible source of capital. A commercial loan from a
bank can resemble a mortgage: there’s a fixed interest rate,
fixed monthly/quarterly payments and a maturity date.
Equity Financing
7. Angel Investors
Angel investors are wealthy business people who finance
startups that have the potential to make them even wealthier.
Angel investors don’t offer loans; instead, they offer equity
investments, which buy them a share of the ownership of your
company. As it turns out, “angel investors” aren’t motivated by
angelic altruism, but by the same profit motives that drive you
and me! (If you’re familiar with any of the insufferable high
rollers on the show Shark Tank, you know what I’m talking
about.)
According to Entrepreneur.com, angel investments often amount
to around $600,000, so we’re not talking chump change here.
It’s a very tempting funding avenue to pursue if you’ve got
more potential than cash on hand. But beware — you’ll also be
giving up between 10 and 50 percent of your business.

11. There’s also the chance that your angel investor(s) might take
exception to your management abilities and engineer a palace
coup to depose your entrepreneurial butt right out of your own
company. We’re talking Wolf of Wall Street stuff here.
Experience this, and you probably won’t be thinking of them as
“angels” anymore!
Nonetheless, if you think you can make it work, angel investors
are quite a tempting source of capital, considering you won’t
have to make payments with interest on the investment.
The Angel Capital Association (ACA) has a directory of angel
groups and platforms. It’s a good place to begin your quest for
angel investments.
Crowdfunding
Crowdfunding takes the traditional approach to raising start-up
capital and turns it on its head. Instead of bringing your sales
pitch to investors and institutions hoping to be heard, you get a
platform on which to lay out your plans and your needs for your
budding business. Utilizing the advantages of the internet and
giving investors the chance to come to you is a much more
efficient means of pitching woo to your potential funders.
Different crowdfunding websites have somewhat different ways
of operating. Let’s go through some of the more popular
options.
8. Kickstarter
By far the most popular crowdfunding platform in existence,
Kickstarter has become synonymous with crowdfunding. On
their website, Kickstarter boasts:
Since our launch, on April 28, 2009, 13 million people have
backed a project, $2.9 billion has been pledged,
and 122,080 projects have been successfully funded.
Kickstarter is what’s known as a rewards-based fundraising
platform. Rather than invest in the pursuit of financial or equity
return, investors typically get a “reward” for their generosity in
the form of getting to use the end product or service in advance
of everyone else.

12. Kickstarter is a fine option for the entrepreneur with a
compelling pitch to make, but keep in mind that Kickstarter
releases the funds donated to your business only after your
campaign reaches its funding goal. Only about 36% of
Kickstarter campaigns reach their funding goal. The rest fall
short, in which case the campaigner gets nothing.
9. Indiegogo
Indiego started as a fundraising platform for independent
films but has since expanded to become a general purpose
crowdfunder, offering opportunities in even more business
categories than does Kickstarter.
Though they don’t get the same degree of media attention
Kickstarter gets, Indiegogo actually has more live campaigns
going at any one time than does Kickstarter. That may be
because, unlike their better-known competitors, Indiegogo
crowdfunding campaigns don’t necessarily have to meet their
fundraising goal to receive their funds. All-or-nothing funding
campaigns are offered by Indiegogo, though, as many backers
may find that a more attractive proposition.
One important note: unlike Kickstarter donations, Indiegogo
investments are not refundable.
10. GoFundMe
GoFundMe is a crowdfunding platform most often used for
personal causes and unfortunate life events, though you could
certainly attempt to raise start-up funds through the site. It’s not
linked to an existing community of investors, though, so
donations are most likely to come from those in your own
personal network, as well as those to whom you can get the
word out. To this end, GoFundMe is optimized for social
sharing.
With GoFundMe, there is no all-or-nothing funding
requirement, though you will have to pay the same fees
regardless of whether your campaign raises $2000 or $20. If
your start-up is related to some kind of personal or social cause,
GoFundMe is a crowdfunding avenue worth pursuing. Just don’t

13. expect a tremendous windfall.
11. Funding Contests
Funding contests are a very non-traditional means of raising
money for a business start-up, but then again, tradition is
overrated. Programs like the Amazon Web Services Start-Up
Challenge and the MIT $100K Entrepreneurship
Competition offers start-ups the chance to compete for
thousands of dollars in funding every year. These contests
receive an overwhelming number of applicants, as you can
imagine. Make sure to present your pitch in a unique and
compelling way. Your ideas need to stand out in a sea of thirsty
funding seekers.
12. Peer-to-Peer Lending
Peer-to-Peer Lending, sometimes known as social lending or
crowdlending, takes the crowdfunding model of Kickstarter and
combines it with more traditional lending practices. P2P
services are essentially matchmaking services, only instead of
pairing up lonely singles desperate for some semblance of
human connection, P2P companies match lenders with
borrowers.
P2P loans have two primary advantages over traditional loans.
The first is that the application process is simpler and more
convenient. You don’t have to meet with some stuffed suit or
open your business premises for inspection. The entire process
can be done at home, in your bedclothes (like most of the truly
important things in life). The second advantage is that the
process for getting approved and receiving funds is much faster
than with traditional lending.
The downside is that P2P lenders tend to be particularly risk-
averse when it comes to lending to those with iffy credit.
Microloans
Microloans exist for the benefit of borrowers who fall short of
the collateral and cash flow requirements necessary to acquire
traditional bank loans.
Microloans are typically defined as very small, short-term loans

14. with a low-interest rate, extended to self-employed individuals,
new startups with very low capital requirements, or small
businesses with only a few employees.
Microloans can be facilitated both by the federal government
and private entities.
13. SBA Microloans
As part of the SBA Small Business Loan Advantage program,
SBA lenders are encouraged to make smaller business loans
with lower interest rates (between 6 and 8 percent annually) to
qualified businesses with good credit. Childcare-related
nonprofits are particularly likely to be eligible for such loans.
According to the SBA, the average such loan size is $13,000,
and the maximum length of an SBA microloan is six years.
SBA microloans must be used for the following specified
purposes:
· Working capital
· Inventory or supplies
· Furniture or fixtures
· Machinery or equipment
An SBA microloan cannot be used to pay off existing debts or
to purchase real estate.
14. Kiva Microloans
Kiva is a nonprofit microlender that offers loans with 0%
interest and no collateral. Pretty sweet, huh? Kiva offers
a maximum possible borrowing amount of $10K, so their loans
are decidedly micro, Plus, the application process is long and
arduous. On the other hand, 0% interest and no collateral!
Kiva is known for treating its users with a personal touch,
which is decidedly not the norm in this field. In an industry rife
with predatory practices, Kiva strives to be a positive
community force, and that’s something I can get behind.
15. Accion Microloans
Accion is another private nonprofit microlender. Unlike Kiva,
their loans do come with interest (8% – 22%) and can involve

15. collateral requirements. However, Accion loans can be as much
as $50K.
Not only does Accion offer microloans, but they also provide
financial education, holding workshops and events around the
country geared towards getting emerging small businesses on
their feet. They also enjoy a reputation for transparency and
excellent customer service.
SBA Loans (aside from microloans)
Microloans aren’t the only types of loans available to start-ups
offered by the SBA.
16. 7(a) Loans
A 7(a) loan is a loan partially guaranteed by the SBA in
which the lender agrees not to exceed certain limits on interest
rates and other loan terms. The program is designed to help
borrowers who would be unlikely to qualify for a commercial
loan from a bank.
To qualify for an SBA 7(a) loan, you must demonstrate that the
SBA wasn’t the first place you went looking for money. Perhaps
the biggest buzzkill here is that your business must also have
already generated over a million dollars in income. Clearly, this
isn’t a funding route to pursue before you actually launch your
start-up. But for young businesses with demonstrable potential,
the 7(a) program may be worth considering.
17. CDC/504 Loans
Another SBA loan program, CDC/504 loans are tools with
which the government helps certain businesses pursuant
to specific public policy goals, such as energy efficiency or the
promotion of minority-owned businesses.
According to the SBA, CDC/504 loans may be used for the
following purposes:
· The purchase of land, including existing buildings
· The purchase of improvements, including grading, street
improvements, utilities, parking lots and landscaping

16. · The construction of new facilities or modernizing, renovating
or converting existing facilities
· The purchase of long-term machinery and equipment
Clearly, these aren’t the things most start-ups are looking to do,
but if your new venture is involved with any of the above, and
your business purpose is seen by the SBA as furthering their
public policies, you may just want to investigate this program.
Miscellaneous
18. Trade Credit
Trade credit is the credit extended to you by suppliers who let
you buy now and pay later. Any time you take delivery of
materials, equipment or other valuables without paying cash on
the spot, you’re using trade credit.
Since trade credit is trust-based, it’s not easy for a start-up to
obtain. However, if you really have your stuff together, you can
pitch this arrangement to your suppliers just as you would if
you were applying for a bank loan. Present a detailed business
plan and offer collateral.
For new businesses, trade credit is a definite long-shot, which is
why it’s all the way down at number 18. Still, keep it in mind as
a possibility.
19. Presales
This is another path to funding that’s difficult if you’re a start-
up without an established reputation, but if you have the right
kind of marketing skills, you just might be able to pull it off.
Let’s say you’re in the process of creating a simple yet
addictive video game. You show off a demo of the game on
your popular YouTube channel and people go nuts for it. Even
the YouTube comment trolls are impressed. If people like you
enough, you might convince enough of them to pre-pay for the
right to download the finished product on launch day. This way,
there’s no middle-man involved, thus giving you direct access
to the capital you need.
It’s so crazy that it just might work.
20. PayPal Working Capital

17. You might not realize that PayPal offers loans, but yes, in fact,
they do. PayPal Working Capital offers short-term business
loans based on an existing business’s PayPal earnings–in short,
it’s a funding option that requires a bit of business history. It’s
not for the brand-new start-up with no earnings, but for more
established businesses, PayPal loans can be an attractive option.
They don’t even require a minimum credit score.
To apply, you need to fill out an application available through
your PayPal account. You won’t need to provide any other
information as PayPal is already your credit card processor in
this scenario and they are aware o your financial situation.
Final Thoughts
The quest for start-up financing isn’t a game for the meek. It’s a
full-contact sport, and you’ve got to be willing to get out there
and fight for the merits of your ideas and the structural
soundness of your business plan. You’ve also got to expect
rejection when seeking business capital. That’s why it helps to
be aware of as many paths to capital as possible. Given the
plethora of funding opportunities out there, the odds are decent
that you’ll find at least one path that’s navigable for you and
your start-up–so long as you’ve done your entrepreneurial
homework and applied a fresh coat of optimism to your face,
that is.
Of course, you could have avoided all this if you had just
chosen to be born with a trust fund, but we’ll let that slide.
Chris Motola is a writer, programmer, game designer, and
product of NY. These days he's mostly writing about financial
products, but in a past life he wrote about health care and
business. He's a graduate of the University of Central Florida.