Many business tycoons all over the world started with a common denominator – they started with nothing; all of these large huge companies were created from scratch.

Want to start a new business but you see that you are short on some cash?  You're not alone – all startup businesses face it at one time or the other.  Starting up a business is never easy, especially when you do not have more than enough funds. But do not be discouraged, there are multiple options you can bank on to fund your business.

Here’s a list of ways you can do to finance your new business:

Savings

This is your very first option. You may use your savings as your initial capital. When it earns money back, you need to be very disciplined to take the principal amount and put it back into your savings account, then use to profit to keep investing or you may use it as an investment again but I would recommend always having at least some savings for a rainy day.

Family and Friends

If you have friends or relatives who happen to have extra money, you seek their assistance. Borrow from them and make sure to pay them back. Usually, those people who personally know you would not charge you even 0.1% of interest. But be sure to pay them back as soon as their money earns – you would not want to taint your personal relationship with them just because of money.

Credit Card

Swipe that card! Or if you don’t have one yet, apply for one. You may use your credit card to buy supplies for your business. You may also use it to pay for rent, utilities, or other operating expenses in the first few months of business.

Additionally, you could also earn some great rewards while paying back your credit card loan - like some exciting cash backs.  You can pay back your credit card loan in around 45 days from when you take it for zero interest, so that is a good time to aim for, to resell the product that you are purchasing.

Bank Loans

Most banks lend money to small businesses to help out. Just be wise to choose which bank you are lending from – always go to which offers the lowest interest rate and be sure to get reviews of those banks from a neutral source like www.LoanReviewHQ.com/. . Make sure you make a good reputation by having an outstanding payment history in the bank so you can increase your credit card limit in the future.

Short Term Loans

You can also go in for short term loans that can help you tide over any urgent financial crisis.  While these loans come with a generally higher interest rate, if you get a reliable provider you have nothing to worry about. They can be got when you need, and is a great alternative to bank financing - which could take days on end.

Government Grants

If you have a lot of time and patience then you may seek assistance from the government for financial aid.  Each state has a local government agency that may attend to your business needs such as the finances. Just like in the bank, they can lend money to people, but usually the amount they will lend still depends on how big or small the business is, so it helps to have some cash flow before applying.  Be sure to look into it as an option though.