Don’t give up equity or take on partners. There’s no need for you to do so.
You can get an SBA loan pretty easily depending on how much you need. But really the question is where is the $150k you’re making this year going? If you’re not reinvesting 75% of that this year then you’re doing it wrong. Live frugal the first year or two, build the business to a $3-500k yr income stream and then start enjoying if you’re seeing as much growth and potential as you’re talking about.
In order:
Fund with cash flow
Get debt with bank
Get debt with family/friends (you can swap 2 or 3 here but I think bank debt is Bette than family debt. If I fail I’d rather owe the bank than my family. I don’t see the bank on thxgiving)
Don’t give up equity or take on partners. There’s no need for you to do so.
You can get an SBA loan pretty easily depending on how much you need. But really the question is where is the $150k you’re making this year going? If you’re not reinvesting 75% of that this year then you’re doing it wrong. Live frugal the first year or two, build the business to a $3-500k yr income stream and then start enjoying if you’re seeing as much growth and potential as you’re talking about.
In order: