I’m broke–How can I get funding for my business?
There are several ways: the friends and family round, the angel investor method, or seeking funding from a venture capital firm. In all of these situations, the terms of the deal need to be spelled out and securities regulations need to be complied with. Speaking with an attorney about how to structure the deal and the best business entity for a situation involving investors is important.
Lastly, the good old-fashioned bank is an option to be explored. In that event, you will likely be asked to sign a personal guaranty. It would be wise to have a lawyer take a look and explain the details.