Entrepreneurs Sourcing Capital for their Business

Starting a business or trying to expand an already existing one certainly requires money, which can be sourced through various means. But some of the already established avenues of sourcing includes:

• Personal savings
• Family and friends
• Banks
• Government guaranteed loans
• Finance companies
• Grants

Depending on the kind of business and the phase in which the business is at the time all these avenues of funding  have their appropriateness, which must be carefully considered before making a choice.

To help further solve the capital problem the Tony Elumelu Foundation Entrepreneurship Programme is current receiving application for it’s Seed Capital Funding Programme. Visit tonyelumelufoundation.org for more information