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5 Ways to Raise Capital and Start a Business

Five words or less (NewsUSA) – Sponsored News – Raising capital to start a new business is not as easy as setting up a lemonade stand or selling Girl Scout cookies. A primary reason for the failure of start-ups is a lack of funding. There are plenty of great products and ideas that have never come close to making it to the public. Without American entrepreneurship, and the drive to just go for it, we would not have Apple, Google, Facebook, Starbucks, or countless other companies that are a part of our everyday lives. Here are five ways to generate capital for your business in today’s economy: 1. Friends and Family. A tried and true methodology, this has been a staple of start-up funding for hundreds of years. It is however, not without its risks, as a failed business could lead to strained relationships. or even the end of relationships. 2. SBA Express. The Small Business Association provides several avenues for borrowing money. SBA Express allows bank-qualified business owners to borrow up to $150,000 without filing the typical SBA loan application. Plus, owners will receive a loan decision within 36 hours. 3. Community banks. Community banks actually have the capacity to be flexible with lending terms whereas large corporate banks do not. Find local lenders by reaching out to the Independent Bankers Association of America, which has access to 5,000 community banks. 4. Crowdfunding. Crowdfunding networks like Kickstarter and Indiegogo have raised some serious cash from individual investors. If you have an innovative idea or project, develop a reasonable funding goal and timeline and see which investors support you and pledge funding. Remember, projects must meet their funding goals before the time runs out, or else no actual money is received. Also, be aware that a percentage of the money raised will be kept by the crowdfunding site as part of their fees. 5. DPOUSA. DPOUSA is an online financial platform providing client companies the opportunity to have 24 hours a day, 7 days a week, 365 days a year visibility of a direct public offering to a growing base of over 33,000 accredited investors and institutions representing over $500 billion in available capital. Unique to DPOUSA is the DPOUSA Special Council, a diverse cross-section of 50 professionals from various industries available to assist DPOUSA client companies. Visit www.DPOUSA.com for more information. Whatever the state of the economy, there will be those willing to invest in new businesses. New businesses create jobs, and power growth. There are sources to help with capital. So, once you find the sources, be ready with a great plan to show what you are going to do with the capital, and how the investor will benefit.

Local News

Palos Heights Mayor Bob Straz encourages the city to build a wall honoring volunteers during Tuesday night's council meeting. (Photo by Jeff Vorva)

Palos Heights council talks wall of tributes

By Jeff Vorva Tributes were the talk on Tuesday. The Palos Heights City Council meeting featured a discussion on building a wall to honor volunteers in town and kicked ideas around to honor former aldermen Dolores Kramarski, who died in November, and Alan Fulkerson, who died in 2020. The council unanimously voted to foot a…

John Mahoney is not seeking re-election as the mayor of Palos Park. (Photos by Jeff Vorva)

Mahoney not running for Palos Park mayor; Milovich-Walters throws hat in the ring

By Jeff Vorva Palos Park will have a new mayor in 2023. John Mahoney will end his 16-year tenure as mayor next year after he announced this week that he will not run for a fifth term. “Every time you run for office you think about it,” the 60-year-old Mahoney said about leaving the post.…

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Clear-Ridge Reporter and NewsHound December 7, 2022

Mary Stanek

Restaurant wall comes alive with art

By Mary Stanek Your correspondent in Archer Heights and West Elsdon 3808 W. 57th Place • (773) 284-7394 Soar up high with the beauty and grace of a butterfly–Unknown author. My favorite watering hole in years past, Andy’s, at 57th Place and Pulaski, has been a restaurant now for a few years. I recently noticed…

Peggy Zabicki

Something to be truly thankful for

By Peggy Zabicki Your correspondent in West Lawn 3633 W. 60th Place • (773) 504-9327 Thank you, one and all, for the texts and calls. I wasn’t feeling well last week and couldn’t write my column. I didn’t have COVID-19. I had that before there were vaccines for it. For me, COVID-19 was no big deal. On my worst day…

Jeanette Arteaga

Congratulations, Jeanette Arteaga

By Kathy Headley Your correspondent in Chicago Lawn and Marquette Manor 6610 S. Francisco • (773) 776-7778 Congratulations to Jeanette Arteaga, who has been chosen as a contributing author in a new book debuting this month. The title is Business Divas and focuses on Latinas in different stages of their business: some just starting out,…

CookCountySheriffShield

2 Dead, 4 hurt In LaGrange Road crash

By Bob Bong Two people were killed and four more injured in a traffic crash Sunday afternoon on LaGrange Road in unincorporated Palos Park. Cook County Sheriff’s Police said a 56-year-old man died at the scene and a 54-year-old woman died of her injuries at an area hospital. Police said they responded shortly after 4…

Among local candidates filing petitions on the first day of filing was 13th Ward Ald. Marty Quinn, expected to run on a record of economic development, support for public safety and delivery of services to constituents. --File photo

Political sands shifting

Lopez mayoral exit leaves question marks By Tim Hadac The political sands of mayoral politics shifted last week, leaving many in Clearing and Garfield Ridge asking “What next?” questions. Garfield Ridge native Lopez worked the neighborhoods hard since he announced his mayoral candidacy back in April. His law-and-order stance and sharp criticism of Mayor Lori…

marist logo

Boys Basketball: Marist stays unbeaten through two weeks

By Steve Millar Correspondent Marist came into the season with some question marks after losing a pair of key players to transfers and elevating several newcomers, including three freshmen, to the varsity roster. The young RedHawks are, however, off to a blazing 6-0 start. They held on for a 57-55 win on the road Nov.…

Jaeden King of St. Xavier gets ready to score one of his 39 points against Trinity Christian College on Nov. 30. Photo by Jeff Vorva

Local Hoops Wrap: Transfers shining for Saint Xavier in early going

By Jeff Vorva Staff Writer The transfer portal is turning college athletics upside down, and Saint Xavier men’s basketball coach Robert Ford is enjoying it. And taking advantage of it. Jaeden King came to SXU in 2021 after transferring from NCAA Division II Tiffin University. Prior to that he played at Western Illinois. He is…

Neighbors

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Palos Heights Mayor Bob Straz encourages the city to build a wall honoring volunteers during Tuesday night's council meeting. (Photo by Jeff Vorva)

Palos Heights council talks wall of tributes

By Jeff Vorva Tributes were the talk on Tuesday. The Palos Heights City Council meeting featured a discussion on building a wall to honor volunteers in town and kicked ideas around to honor former aldermen Dolores Kramarski, who died in November, and Alan Fulkerson, who died in 2020. The council unanimously voted to foot a…

John Mahoney is not seeking re-election as the mayor of Palos Park. (Photos by Jeff Vorva)

Mahoney not running for Palos Park mayor; Milovich-Walters throws hat in the ring

By Jeff Vorva Palos Park will have a new mayor in 2023. John Mahoney will end his 16-year tenure as mayor next year after he announced this week that he will not run for a fifth term. “Every time you run for office you think about it,” the 60-year-old Mahoney said about leaving the post.…

SRP-IMAGE-Logo

Clear-Ridge Reporter and NewsHound December 7, 2022

Mary Stanek

Restaurant wall comes alive with art

By Mary Stanek Your correspondent in Archer Heights and West Elsdon 3808 W. 57th Place • (773) 284-7394 Soar up high with the beauty and grace of a butterfly–Unknown author. My favorite watering hole in years past, Andy’s, at 57th Place and Pulaski, has been a restaurant now for a few years. I recently noticed…

Peggy Zabicki

Something to be truly thankful for

By Peggy Zabicki Your correspondent in West Lawn 3633 W. 60th Place • (773) 504-9327 Thank you, one and all, for the texts and calls. I wasn’t feeling well last week and couldn’t write my column. I didn’t have COVID-19. I had that before there were vaccines for it. For me, COVID-19 was no big deal. On my worst day…

Jeanette Arteaga

Congratulations, Jeanette Arteaga

By Kathy Headley Your correspondent in Chicago Lawn and Marquette Manor 6610 S. Francisco • (773) 776-7778 Congratulations to Jeanette Arteaga, who has been chosen as a contributing author in a new book debuting this month. The title is Business Divas and focuses on Latinas in different stages of their business: some just starting out,…

CookCountySheriffShield

2 Dead, 4 hurt In LaGrange Road crash

By Bob Bong Two people were killed and four more injured in a traffic crash Sunday afternoon on LaGrange Road in unincorporated Palos Park. Cook County Sheriff’s Police said a 56-year-old man died at the scene and a 54-year-old woman died of her injuries at an area hospital. Police said they responded shortly after 4…

Among local candidates filing petitions on the first day of filing was 13th Ward Ald. Marty Quinn, expected to run on a record of economic development, support for public safety and delivery of services to constituents. --File photo

Political sands shifting

Lopez mayoral exit leaves question marks By Tim Hadac The political sands of mayoral politics shifted last week, leaving many in Clearing and Garfield Ridge asking “What next?” questions. Garfield Ridge native Lopez worked the neighborhoods hard since he announced his mayoral candidacy back in April. His law-and-order stance and sharp criticism of Mayor Lori…

marist logo

Boys Basketball: Marist stays unbeaten through two weeks

By Steve Millar Correspondent Marist came into the season with some question marks after losing a pair of key players to transfers and elevating several newcomers, including three freshmen, to the varsity roster. The young RedHawks are, however, off to a blazing 6-0 start. They held on for a 57-55 win on the road Nov.…

Jaeden King of St. Xavier gets ready to score one of his 39 points against Trinity Christian College on Nov. 30. Photo by Jeff Vorva

Local Hoops Wrap: Transfers shining for Saint Xavier in early going

By Jeff Vorva Staff Writer The transfer portal is turning college athletics upside down, and Saint Xavier men’s basketball coach Robert Ford is enjoying it. And taking advantage of it. Jaeden King came to SXU in 2021 after transferring from NCAA Division II Tiffin University. Prior to that he played at Western Illinois. He is…

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