Funding a Small Business in a Slow Economy

One of the biggest challenges for any small business is funding.  What is the best way to infuse your business with the cash it needs?  Current economic conditions make it difficult for anyone to get a loan, but small businesses take a larger hit than their larger counterparts.  An article on CNNMoney.com tells how banks have cut an additional $1 billion in loans available to small businesses. 

Bank Loans- There are fewer loans available to small businesses, but this can still be a viable option.

Venture Capital- Venture capitalists are taking full advantage of banking's reluctance to fund small businesses.

Government Loans and Grants- The government has several loans and grants specifically for small businesses.

Each of these can be a good way to get the cash your small business needs, and if you are able to secure funding you can find some great deals while interest rates are still low.