The Ultimate Small Business Finance Guide — Chapter 3
Small Business Financing Solutions
Debts, Assets, and Growing Your Business.
Get Started NowThis chapter turns to a different set of questions: how the assets, debts, and credit history your business already has shape the financing options available to you as you grow. Topics covered include:
What are my company's assets?
Should I use my company's assets as loan collateral?
What are the risks of using my personal assets as collateral for a business loan?
Why won't lenders fund my small business even though we have a lot of assets?
How can I grow my business when I have no money or assets?
Can my small business borrow with bad credit or no credit?
Can I use a loan to pay off business debt?
What is debt financing?
Can debt really help grow my business?
How can I expand my business without capital?
What are the pros and cons of debt financing?
Is debt financing a bad way to fund your business?
Are debt factoring and invoice factoring the same thing?
Are asset factoring and invoice factoring the same thing?
How can accounting software help my business grow?
Is there an alternative to taking on investors or VC funding to speed up my company's growth?
Is it possible to grow my business without any external funding?
Where can I find business expansion funding?
Many of these questions come back to the same theme covered earlier in this guide: using your company's assets or personal property as loan collateral carries real risk, and businesses without a long credit history or large asset base often find it hard to qualify for traditional debt financing at all. That's one of the reasons alternative tools like invoice factoring — which advances cash you've already earned rather than creating new debt — have become a go-to option for growing businesses. See if you qualify.