What financing options are available?
Do you have a business idea and finally want to set up your own start-up, but don't yet know how to finance your company and its foundation? The financing options are diverse, but it is often difficult to keep track and find the right financing at the right time. Our team will give you an overview of startup funding.
Which financing is right for your startup?
Which funding is right for your business idea depends on many factors. In most cases, it is not the number of offers that is decisive, but whether your company fulfils the requirements for the various funding options.
What options are available for startup funding? An overview
Our team will give you an overview of the options available to you and your start-up:
- Bootstrapping, family and friends
- Credits and loans
- Investor
- Start-up grants
Bootstrapping, family and friends
If you finance your start-up with your own funds, this is called bootstrapping. You can also get additional funding from your friends or family. Self-financing is particularly useful for start-ups that do not require large investments, for example because you have chosen a simple legal form, do not sell a costly product or service or your running costs are very low. However, this can result in the growth of your company taking a long time and overtaking competitors with other financial resources.
A grant in combination with a loan: how you can ensure more financial flexibility
You also have the option of approaching the bank with your start-up project. Taking out a bank loan is the classic financing option and offers you a particularly high standard of security. The disadvantage: most banks only grant loans at a later point in time when your start-up has already stabilised on the market and appears less risky for the bank.
Investor
It is also possible to look for investors. Which investors are there? You can find a possible list here:
- Venture capital/private equity
- Business angels
- Crowdfunding
- Incubator
- Accelerator
Would you like to find out more about investors? Then read our article on investors for startups now.
Start-up grants
Start-up grants are another funding option. The EXIST programme is probably the best-known nationwide start-up grant. However, there are also state-specific scholarships that may be attractive for your company depending on the location of the start-up. The aim of the scholarships is to provide financial and non-material support for start-ups in the early start-up phase. The amount of financial support and the duration of the scholarship programmes and application requirements vary depending on the scholarship.
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