Greater Globe AllianceTM 

Start-Up Funding 

Startup financing options range from self-funding (bootstrapping) and personal loans (friends/family) to external capital like angel investors, venture capital (VC), crowdfunding, and government-backed SBA loans. Each of the mentioned prior offering different levels of control, equity dilution ( "selling a percentage of your business"), and repayment structures. The best choice depends on: who your market is and your product or service, business stage (pre-seed, seed, growth) and capital needs ( 30, 50, 100, 250K....). Greater Globe Alliance offers several financing options without you having to provide business history. Given that all of us have been there in the startup stage(s) we have used and created an innovative approach to startup financing. Using our strategies and assistance will allow you to generally avoid time consuming requirements and application processes common with SBA guaranteed loans or angle investors or venture capital equity dilution ( selling part of your company).

Startup business loans provide capital for new businesses (usually just opening to under two years old) by offering options like government-backed SBA loans (7(a), Microloans), and other types of loans structured to assist new business owners. The lenders generally focusing on factors like your personal credit, business plan, and collateral ( “ personal & business owned”) to offset higher risks for new ventures.

 

Types of Startup Loans

  • SBA Loans: Backed by the government to support economic growth. SBA : 7(a) loans (up to $5M) and Microloans (up to $50k).

  • Term Loans: Standard loans with fixed payments, available from online lenders and some banks.

  • Business Lines of Credit: Revolving credit for flexible, ongoing expenses.

  • Equipment Loans: Specifically for purchasing machinery or equipment.

  • Alternative Loan products: Often have looser requirements but higher rates; good for fast funding. Connect with a GGA Team loan expert to assist in exploring this option.

  • Personal Loans: Can be used for startups, leveraging personal credit. 

  

Used FOR:  Businesses that are just opening or have been in business for 1 to 2 years and need financing for working capital, operations, new product or service, equipment, expansion, etc... 

Greater Globe Alliance Network offers several types of loans and startup assistance vehicles. Loans include SBA loans where many have flexible terms. That is microloans (under $50k). Others include term loans, lines of credit, and sometimes personal loans or personal guaranteed business loans or credit cards. GGA may be able to offer you alternative options that help entrepreneurs fund  their new business, its product  development and / or operations without immediately giving up equity. 

Will not affect your business or personal credit score

Benefit from our extensive knowledge, decades of experience and resources to help your New business aspirations be More or Become successful.