It is one thing to have a viable business idea and quite another to work on it and start a real business. Starting a business from the bottom up can be quite a challenge, especially when you have limited funds. Young people in particular struggle financially when trying out their pilot projects, and a boost is always welcome. But even with a shortage of start-up capital, you don’t have to let your business idea go down the drain because there are a number of options through which you can get the financing you need to get back on your feet.

self funding – It may seem impossible, but in reality it is very possible for entrepreneurs to finance their startups. This can be through the use of personal debt or savings. If you have assets in your name, you may also consider selling them to generate the cash you need for the business.

Cloud financing – Presenting business ideas through the Internet has become very popular among entrepreneurs to obtain the financing they need. There are numerous groups that offer such opportunities where multiple investors interested in the business idea contribute the necessary funds for the business. These pools, of course, have restrictions and you should be aware of them before launching.

Small Business Lenders – There are many organizations that are always interested in giving small business loans and through such loans you can get the financing you need to get your business off the ground. You may be required to secure such a loan with some type of asset and pay interest over a specified period of time.

Banks- Banks offer business loans for small businesses. This may also require some form of security and a track record that gives the lender confidence in you. Terms will vary from provider to provider, so you can compare options to select the one that’s right for your business.

partners – You may not want to partner so early in the business, but it is one of the easiest ways to get business financing. Strategic partners add value to the business by aligning the necessary resources and, in some cases, could also be good business advisors. Your partner can choose to be part of the commercial team or not; just make sure the terms favor you too.

angel investors – They are wealthy people willing to invest in businesses. Investors are now turning to investment pools to spread risk and also pool research. You can use your local chamber of commerce to find out who is interested in funding new ideas and businesses, or you can also search online to find out the same thing.

family and friends – They are the people closest to you and may be willing to provide you with the debt or equity financing you need to get started. It may not be a good idea to sell part of the business to them and you need to be careful how you do it because if the idea fails it could be the start of ruined relationships and hurt feelings. Let them know the risks so they are prepared for any kind of outcome.