It can be intimidating when determining how to finance that growth, but it doesn't have to be.

Armed with research and knowledge on business trends, growth, financing, and all of the options available to veteran-owned small businesses, you can make an educated decision on the best approach to financing your company's growth.

Let’s dig into three ways to finance your small business: self, equity, and debt financing. You can also download our handy ebook “The Basics of Small Business Financing” for a more in-depth look at your options.

In business, cash is king. From your own financial independence, to your investors if you have them, to your top and bottom lines, everything pretty much begins and ends with money. Small businesses and veteran-owned small businesses are no different, regardless of scale. Your business might not have an official Chief Financial Officer, but “CFO” is just a title. The functions they typically perform are essential to the core of every business, so someone is getting this job done, and it might just be you. 

So put on your CFO hat and check out these tools that can help your small business finance functions:

Starting your own business can be very exciting, rewarding and challenging. You’re developing a product or service that you really care about for a market that you know well. As a small business owner, you’re concerned with your product or service, marketing, sales, operations and finance. The first year can be very difficult. Once you have some revenue, it gets easier. It’s also easier to secure funding when you know what to expect and are prepared. Here are a couple of things to consider before approaching a lender for a small business loan, line of credit or government contract financing. 

1. How to Determine Your Financial Needs

Having a strong understanding of the economics of your business is very important when thinking about financing. Knowing the story behind your business, your goals and what you need to get there can be very compelling to lenders. The most important advice any financial institution will give you is to plan ahead and expect a few emergencies. It’s always advisable to secure funding before times like these.