Ready to Fund Small Business Growth? 8 Financing Options 

Planning to seek outside financing to expand your business?  Here are 8 options and tips.


Creating and maintaining accurate financial records and forecasts will improve your chances of success.

If your business is showing a consistent profit, offers a product or service for which there is strong demand, and has growing sales and loyal customers, there is money out there to help you.

Here are eight expansion financing sources to consider if conventional bank financing is not available:


This program offers loans of $350,000 and under with minimal amount of paperwork.  Offered through lending institutions.

2.   SBA 7(A) PROGRAM:

This program offers larger loans for a variety of expansion expenses and special needs. To increase your chances of success, look for a lender that closes many 7(a) loans.


These community-focused lending institutions participate in a program run by the U.S. Treasury Department. Loan limits typically are in the $100,000 to $300,000 range and occasionally as high as $500,000.


These high-net-worth individuals invest their own money in small businesses, often in industries in which they have experience. You can find angels through local or national angel groups or through your networks of contacts.


These entities require  operating history and strong growth potential.


Don’t rule out conventional loans and lines of credit from banks and credit unions.


If the amount you need is fairly small, you may be able to borrow enough money from other individuals on online peer-to-peer lending sites.


Crowd funding enables business owners to solicit donations on crowd funding sites such as Indiegogo, Kickstarter and Peerbackers. In 2012, a provision of the JOBS Act expanded crowd funding to enable entrepreneurs to solicit investments totaling less than $1 million via crowd funding without registering with the SEC.

The SEC is still finalizing regulations that will affect crowd funding investments. The new crowdfunding regulations were published this year.

Micro lending and alternative lenders. There are some options in Miami Dade for local businesses. The resources and the types of businesses that interest them are constantly changing. They have to be contacted individually to see if your business qualifies for their lending policies.

Next- Be Care- Tips and Words of Wisdom

Marj Weber
Marj Weber
Marjorie Weber has been educating entrepreneurs and guiding them in their search for capital for the past 20 years: combining financial literacy workshops with one-on-one mentoring. Marj is currently President of Primed 2 Grow Inc. a company that provides access to capital for both existing and start up enterprises. She has provided term loans and working capital to hundreds of small business in South Florida. She was Chair of SCORE Miami Dade from 2010 to 2014 and served as a financial advisor for SBDC/FIU from 2014 to 2017. She also served as an advisor to the Goldman Sachs 10,000 Small Business Program and the SBA Emerging Leaders Program and provides training for Veterans seeking an entrepreneurial path upon retirement from the service. She has facilitated workshops under the auspices of Miami Bayside Foundation, Little Haiti Cultural Center and several local banks. She commenced her career as a real estate investment banker in New York.

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