So you’ve come up with a really cool business idea and you’ve done all the necessary planning. The only thing left do is finding the required start-up cash. This can often be very difficult.

Most business ideas take a lot of money to bring to life. Depending on the nature of it, you may have a myriad of different one-time and recurring expenses to deal. For instance, if it’s a new invention you will have to pay to get it patented first of all. Then there are manufacturing costs, storage costs, packaging costs, shipping costs…etc.

However, don’t let this discourage you. While finding the money isn’t easy; it certainly isn’t impossible. Knowing some of the different options available to you can help you out a lot, which is what this article is all about.

Digging Into Your Savings

Before you look elsewhere, take a peek into your own savings account. While we don’t recommend that you drain your hard-earned savings on a business idea, it might be a good idea to at least use a portion of it. However, it’s best to limit your withdrawal to a comfortably expendable amount.

Getting an Unsecured Loan

The last thing you want to do is have your house or car tied up to a huge loan. You might be extremely passionate about your business idea but we don’t recommend that you go all-or-nothing, especially if this is your first attempt at a venture.  Tens of thousands of new businesses are created each year in Australia and a similar amount declare bankruptcy. Hence, there’s always a lot of risk involved.

If you’re set on getting a business loan, then we suggest looking into an unsecured one, which doesn’t require you to put up any collateral. There are quite a few leading unsecured business finance Australia wide and it’s easy to secure yourself a signature loan or a personal line of credit, especially if you have a good credit score.


Crowd-funded business projects are steeply on the rise, especially in the last couple of years. Entrepreneurs put up their projects on online platforms such as Kickstarter and GoFundMe and collect funding for them. People who pledge funds are typically given perks based on the amount they give. For instance, at certain pledge level, you might be given a free sample of the product or a hefty discount.

Crowdfunding is quite popular across a wide variety of industries, including tech, arts and crafts, fashion, literature, entertainment…etc. Hence, regardless of what niche your business idea falls idea, you can definitely have a go at it.

Ask Friends and Family

It can be a bit humiliating to borrow money from friends and family but asking them to invest in your business is a whole other story. However you must first make it clear what an investment means and especially specify that the money may not be returned if the venture makes a loss. If you’re up-front about everything from the beginning, then you don’t risk having your relationship strained with the person.

Coming up a business idea is the easy part. In comparison, finding the money to bring it to life can be extremely taxing. However, as long as you’re aware of the different ways to procure it, you should be able to meet your goal one way or the other.