Funding News
* Why CDFIs Are the Best Kept Secret for Small Businesses (see: Community Development Financial Institutions)
* Why Millennial Women Are Embracing Angel Investing
* SBA Dedicates $20 Million to New Small Business Export Growth
* Brooklyn Public Library PowerUp Business Plan Competition, participants will have the opportunity to win $20,000 to start their Brooklyn-based business
* Meet the Lenders, learn about the process directly from lenders, May 15, 2024, 9:30 am
* Small Business Financing Panel, Pace University SBDC (In-Person), July 15, 2024, 9 am-1 pm
* Verizon Digital Ready Small Business Grants ($10K), deadline June 28, 2024
How to find money to start or support your business
Finding startup capital for your new business or money to expand it can be very difficult and time-consuming. However, through research and footwork, it is possible. Startup capital can be obtained from a number of sources.
- Gifts or donations from family, friends or charities
- Borrowing money from family and friends
- Government grants or grants from organizations
- U.S. Small Business Administration (SBA) backed bank loans
- Loans from non-traditional sources
- Lines of credit
- Business cash advances
- Angel/Seed Investors
- Venture capital
- Private equity
- Startup incubators
- Crowdfunding
The U.S. Small Business Administration (SBA) has a clear overview of the options available to fund your business.
LinkedIn Learning, which is accessible outside of the library using your NYPL card number and PIN, has several video courses on finding funding for your business.
The United States Chamber of Commerce regularly updates its listing of Grants, Loans and Programs to Benefit Your Small Business.
The Small Business Development Center (SBDC) at Pace University has an online directory of financing sources.
NYC Funds Finder, a service of NYC Small Business Services, connects you with funding sources and financing advisors who can guide you through all the options.
Thomas Yoseloff Business Center Small Business Resources
- Small Business Services Directory - Scroll down to Financing Your Business in the Service Categories menu.
- Helpful Resources for Small Businesses - Additional Resources - Nonprofits, Private Support, etc. for a regularly updated listing of financing sources.
