Sat 03 Oct 2015 | By:

How to Finance a Business in Colorado (9 Great Resources)

Manage Your Business Finances

Financing a business in Colorado can be a time-consuming process. It takes a whole lot of diligence and patience, considering that there are other processes involved in starting a business like incorporating in Colorado and processing your business licensing requirements.

However, finding the right financing for your business will be the key to be on your road to an independent future, so get started now. Understand exactly how much you need and not a penny more – then look into the resources below.

Quick Note: Funding a business starts with having a solid business plan. Your business plan serves as the marketing material for investors because they look at whether your business idea is worth the financial risk or not. If you haven’t written a plan yet and need some help, look into a business plan software.

1) Learning How to Finance a Business in Colorado

When learning how to finance a business in Colorado, you can start with Startup Savant’s own guide. Outlining ten options on how to finance your business, the guide also tries to weigh in the pros and cons of each option, so you can find the most suitable option for your business.

2) Colorado Small Business Grants

A great option for financing is are small business grants business in Colorado. Refer to this guide if you are considering this option when starting a business. Provided on the page are some of the best resources for financial grants in Colorado. Also, a guide for financing small businesses is also provided on the site.

3) Colorado Innovation Network

Another great way to finance your business is through startup incubators in Colorado. The Colorado Information Network has dedicated a section of using incubators to finance your business. In addition, a list of incubators is also provided on the resource.

4) Colorado Angel Investors

Angel investors in Colorado are composed of seasoned entrepreneurs who are willing to fund your startup. They do this in exchange for ownership equity or sometimes convertible debt. You can refer to this Colorado Angel Investors list to get you started on funding through angel investors.

5) Crowdfunding

Crowdfunding to finance a business has been gaining traction thanks in part to the power of social media. As its name implies, a crowd or a group of people finances your business by contributing small amounts of money until you reach the targeted capital to get started on your business. You can start on the crowdfunding option through Kickstarter.

6) Colorado Enterprise Fund

The Colorado Enterprise Fund is a non-profit lender offering small business loans of up to $500,000 for startups and existing businesses. Since its creation in 1976, the Colorado Enterprise Fund has financed over 1,700 businesses. They also practice responsible business lending, getting to know you during the loan process and providing you one-on-one business counseling.

7) Colorado Lending Source

The Colorado Lending Source fosters the economic growth of a diverse range of small business enterprises in the state of Colorado by providing small businesses with the necessary financing solution to get started. The Colorado Lending Source connects small business owners to lenders, loan programs and the necessary support they need.

8) CatchFire Funding

CatchFire Funding is a private finance company that assists small businesses by providing them with loans and working capital. The company offers several funding options; they also offer expert advice in choosing the best option specific to the needs of businesses. CatchFire Funding also structures and tailors funding options based on every entrepreneur’s financial capabilities.

9) Go Ahead Funding

Go Ahead Funding is every entrepreneur’s alternative to traditional financing. The financing company provides immediate working capital to entrepreneurs and small business owners who need funding for their startups. They ensure a 5-minute application process and approval in 48 hours or less.


Wrapping Up and Funding a Business in Colorado

Wrapping Up and Starting a BusinessFinding the right financing to have your business take off is a delicate process. As much as you want to get started right away, it’s wise to make an informed decision. These things take time and hard work, but know that at the end of the day, you will have finally found an investor who’s willing to fund your dreams of entrepreneurship!

Funding a business in Colorado begins with a viable business plan. Learn how to write a solid business plan with the help of the business plan software, LivePlan.

About Liesha Petrovich

Liesha is a small business owner of 20 years, host of Startup Savant, the owner of a karate dojo in Maine, and creator of Work Mobly. During free time she's with her family and working on a Doctorate in Entrepreneurship.