If you are considering starting a new business or are interested in growing the business you already have, there is a very high probability that you need funds of some kind to be able to make those plans. There are many financing options available, but before entering the world of loans you should ask yourself several questions. We invite you to see this section to advise you on what these questions are.
Financing through Family, Friends and Crowdfunding
In the situation where you have already used up your savings account, taken out a home equity loan, withdrawn money from your life insurance and STILL need money for your business, you should be thinking about what other options you have to obtain funds. If you have decided against traditional financing (such as a bank loan), you should be thinking about borrowing from friends, family or some kind of crowdfunding page. In this section we include brief information about these options so that you begin to familiarize yourself with the advantages and disadvantages of each one.
Types of Loans Available and Other Sources of Financing
Are you looking for different types of financing to start or grow your business? In this section you will find the information that could match the needs of your business.
Additional Financing Resources
in Puerto Rico
If you want more information about the resources available in Puerto Rico to finance your business, we invite you to read this section. Colmena66 has created the "Tu Camino Empresarial" tool to help you identify the organizations that are available to help you in this process, depending on the type of your business and the stage you are in. You must follow the green line to be able to identify the aids that are available to you.
If after reading this guide you have questions, do not hesitate to contact us through our social networks, by sending an email to email@example.com or by calling 787-525-4111.