Funding Options

Prepare

A business plan is a document that outlines a company's goals, and the strategies to achieve them. It's valuable for both startups and established companies to keep up with their business plan. The Marriott Library has several resources can help you get started.

Bank Loans

A great read to help you prepare for requesting a commercial loan is the article, 5 Cs of Credit (5 Cs of Banking). Be sure to shop around when selecting who finances your commercial loan and include the following in your business plan:

• Balance Sheet
• Debt Schedule
• Profit and Loss
• Projections

Once you've selected your bank, request a business credit card and ask how they support merchant services. 

Below is a film to help you understand if a commercial loan is right for your entrepreneurial goals. If you are not able to view the film here, follow the link below to its catalog entry.

https://utah-primoprod.hosted.exlibrisgroup.com/permalink/f/dtufc4/UUU_ALMA51641968450002001

Microloans

Microloans can be used for many different purposes, such as for working capital or inventory. Below is a film about microlending to help you understand if this option is right for your entrepreneurial goals. If you are unable to view it here, follow the link to view it within the catalog.  

https://utah-primoprod.hosted.exlibrisgroup.com/permalink/f/1g0gstr/TN_cdi_proquest_miscellaneous_1822609117

The  United States Small Business Administration offers government-backed loans that help small- to mid-sized companies get the financing they need for various goals, whether you want to invest in inventory, buy equipment or supplies, or hire new workers. Find out which SBA-guaranteed loan program is best for your business.