Financing Your Business
01.Bootstrapping
Bootstrapping means funding your business using your own savings and early sales. It is the safest way to grow because you don't take on debt or give away ownership.
02.SBA Loans
The Small Business Administration (SBA) is a government agency that guarantees loans made by commercial banks to small businesses, making it easier for founders (including green card holders) to secure funding.
03.Micro-loans and Grants
Look for non-profit lenders (like Kiva or Accion) that offer micro-loans with low interest rates to immigrant and women founders. Some local economic development offices also offer small business grants that do not need to be repaid.