Find Funding Support You Can Trust

There are many reasons for small businesses to access capital such as for expansion, working capital, equipment and or commercial real estate. Learn more about the different types of funding available, including loans, grants, and other resources to help your business grow.

Let’s start with definitions of types of capital that are generally available:

01

Debt Financing

When a business borrows money (a loan) from a lender, agreeing to repay the principal amount plus interest within a specified timeframe, without relinquishing ownership or control of the business 

02

Equity Financing

Raising capital by selling ownership stakes (shares) in the company to investors, who receive a percentage of ownership in exchange for their investment, without requiring repayment of the funds

03

Crowdfunding

Soliciting small contributions from many people (the "crowd") through online platforms, often with a set goal and deadline

Funding Options

The team at Prosper Portland works with local businesses to identify their needs and determine eligibility for Prosper Portland programs or those offered by our partners. We then help match you with the program that best fits your goals.

Local

State

Federal

Funding

Enquiring with your bank is a good place to start. If there isn’t an opportunity to secure capital from a bank, there are qualified community lenders such as:

Banks & Community Lenders

If you are exploring having investors (equity stakeholders) invest in your business, there are many considerations. You may want to consult a small business lawyer when presented with investment contracts or when drafting your own.

Equity

Crowdfunding, “friends and family” investments, and other forms of cash investment should be approached strategically and with caution. Be sure to clearly outline terms and conditions as well as a legally binding contract for any cash investments. 

Crowdfunding

Get Capital Ready

For any of these pathways to capital, you will want to be prepared and confident with the financial aspects of your business. Areas you will want to focus on are:

  • Up to date Business Plan that you feel confident presenting

  • Producing and providing accurate accounting statements including Profit and Loss as well as cost of goods sold.

  • The ability to produce financial projections that will reflect how the business would grow with the new capital invested in it as well as the plan to pay it back if borrowed.  

What’s Needed?

Financial Resources

As a small business owner, there are some aspects you will want to be confident in presenting. Profit and Loss, Balance Sheet, and Cash Flow are the key components for sourcing capital.

Using a software program to create, monitor and manage your financials is a good way to stay on top of your business.

A business plan serves as a roadmap. It doesn’t have to be set in stone and can be reviewed and updated as you grow the business.

Business Plans

Get in Touch

Have questions? Fill out our contact form so we can connect you with the right resources and support to help your business thrive.