You’ve been laid off from your job, and you’re applying to collect unemployment benefits. Can you use your unemployment benefits to finance your startup?
SCORE’s two latest infographics focus on financing challenges and mentorship’s impact on women entrepreneurs. They highlight the second and third parts of “The Megaphone of Main Street: Women’s Entrepreneurship.”
There are many different sources of funding available these days; for established business owners with solid credit, a term loan is often one of the best options. Whatever your reason for needing working capital, long-term financing is likely a good solution.
Transforming your hobby into a profitable business can be accomplished when you do your due diligence and get your legal ducks in a row.
There are ways to validate your business idea before jumping in head first. That way, you can mitigate risks and build confidence in your idea before investing too much of your time and money.