Securing $15,000 for a small business with less than $100,000 in revenue is achievable, even if traditional funding options seem out of reach.
Microloans are designed for small businesses like yours that may not qualify for traditional loans. These loans are typically under $50,000 and come with less stringent credit requirements.
SBA Microloan Program (small loans up to $50,000 with support for training and guidance).
Apply for a business credit card or a small business line of credit. Many issuers provide cards tailored for startups with limited revenue.
Explore grant opportunities for businesses run by immigrants or for businesses in specific industries. Organizations like Hello Alice or Nav list small business grants that don’t require repayment.
While raising funds, analyze your expenses and identify where you can trim costs. Focus on reinvesting every dollar of profit back into proven strategies that grow your revenue.
Prepare a clear business plan with your roadmap, current financials, and projections. Funders and lenders need confidence in your ability to manage and repay the funds.
By combining some of these strategies, you can secure the $15,000 you need while building a stronger foundation for future growth.
