Think about Factoring
Use a credit card
Whether or not to use a credit card to fund your business depends on your risk appetite. Your credit card provides instant money that sometimes helps to bail you out from the crisis, but decides carefully because the use of credit card impacts your credit score and faltering to make timely payments can severely damage the score. On the other hand, making minimum payments every month might help you to stay afloat, but it could suck you into a debt trap that could prove disastrous in the long run. However, if you are confident of using your credit card responsibly, it should help to shore up cash flow and get you out of the occasional jam.
Trading future earnings for funding
This method of funding is not only quite unusual but suits only a selected few who are ambitious, young, and willing to bet on the future earnings. The method entails inviting investors and offering them a percentage of your future lifetime earnings in exchange for the funds. The method has some similarities to venture to fund but more informal in nature and looked upon as personal investment contracts. However, you need to check the legality and enforceability of such contracts before considering it.
Make use of your 401(k)
If you have ever been employed and have accumulated funds in 401(k) but now want to test your entrepreneurial acumen by starting a business, then your hard-earned money over the years can be a source of funding. Using the fund is very much possible without attracting the penalty provided you follow the right steps stipulated in the tax provisions.
Despite legal complexities, the steps are simple, but you must seek professional guidance in setting up a C suite and appropriate retirement plan to make use of your retirement assets.