You, your family and friends can be the stars of this stage. Think personal savings, a home equity loan, borrowing against your insurance policy as a start, but there are risks. The following articles give some timely tips on using personal resources to fund your business, but a strong business plan is always the first step. Seeking out a loan after you have exhausted your personal savings and equity is always much more difficult.
- Asking Friends and Family for Funding (Entrepreneur)
- How to Get Funding From Friends and Family (Entrepreneur)
- Putting Personal Money into a Business in 7 Steps (Fit Small Business)