Central Business Solutions

jack woods

301 Lynnfield Street, PO Box 3169, Peabody, MA 01960

Phone: 978-532-0266

Fax: 978-532-9105

1147 Main Street, Suite 213, PO Box 299, Tewsbury, MA 01876
Phone: 978-851-8044               Fax: 978-851-9332

Email: jack@cbps.com

August 2018

Raise Capital For Business

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No matter how long you’ve been in business, there may come a time when you need to find the capital to fund growth, modernize equipment, increase your marketing dollars or make up for unanticipated cash flow challenges. If your company is in the market for extra cash, you might consider the following sources:


YOUR LOCAL BANK
If you have a history of good business credit, your local bank may offer low-interest loans backed by the Small Business Administration (SBA). Lines of credit at higher interest rates may also be available.


SBDCs
If you don’t qualify for a bank loan, check with your local, SBA-sponsored small business development center; they’re located throughout the country.


NON-TRADITIONAL FINANCING
If you need to be financially creative, you might consider looking at higher-interest loans based on outstanding invoices, cash flow and even new equipment and machinery. Other ways to get the money you need might include crowd-funding, family and friends.


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