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Obtaining Financing
The goal of this module is to educate the entrepreneur on how a small business owner can obtain financing for a new start-up business or for business expansion. Topics include the differences between debt financing and equity financing, identifying primary sources of financing (such as personal savings, family and friends, and commercial lenders), and using secondary sources of financing (such as crowd financing, leasing, and government programs). The module includes an exercise in outlining your personal strategy for obtaining financing.
Module: FCE-210, Media: OL, Lessons: 1
Course DetailsObtaining Financing
Module ID: FCE-210/216
Audience
Adult Continuing Education & Family Education
Module Description
An important aspect of owning or expanding a business is obtaining financing. Being knowledgeable about the available financing options is ideal for those who are thinking about self-employment or are in business and need additional financing for expansion purposes. This module presents the two basic types of financing: debt financing and equity financing, and their advantages and disadvantages. It also discusses primary funding sources such as family and friends, traditional banks, and business angels, along with secondary funding sources such as crowd financing, microlenders, and federal government loans.
Media
Online
Organization
One module
Credit
none
Prerequisites
none
Overview
One assignment is submitted to the instructor.
Grading
Letter grades
Objectives and Content
After completing this module, you will be able to:
a. describe the differences between debt financing and equity financing
b. identify primary funding sources
c. explore secondary funding sources
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