US startups seeking funds should not lose sight of government funding

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Who cares between startup and small business? Semantics, basically. With many startups having difficulty raising funds from venture capitalists, funding continues decline this yearThe US Small Business Administration (SBA) can be a powerful source of capital, even if startups traditionally look for funds from other sources.

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Chris Hearn, founder and CEO of Fountainhead, is aware of the potential benefits of public funding. Fountainhead is a non-bank lender of government-guaranteed loans. Hearn said the current generation of entrepreneurs are focused on raising equity-based funding from sponsors such as venture capital firms, but that’s not their only option, especially with stocks getting more expensive in current market conditions.

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“The problem is that business owners often overlook the fairly easily available leveraged capital,” Hearn told TechCrunch. “They should not give up any capital. [SBA loans] can often be just the step they need to get to the next stage.”




Credit: techcrunch.com /

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