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Does ECG lend to startups or new businesses?

We're sorry that at this time ECG can't help new or startup businesses with funding. There's a secret in startup financing: it's really hard—if not impossible—to get funding.

Why? Well, you have to think like a lender. ECG takes on a lot of risk when we offer funding, and no business is riskier than a startup. How risky? According to Forbes (90% Of Startups Fail: Here's What You Need To Know About The 10%), a whopping nine out of ten new businesses fail in the first three years.

However, there are many organizations that work with startups to help them become established, successful businesses. We've listed a few of our favorites below, along with some great reading suggestions to assist you as you bring your new business dream to fruition!

 

Seek Capital

Seek Capital

Seek Business Capital provides consulting services and funding procurement to small businesses across America. Their primary goal is to solve one basic problem: small businesses need fast access to financing!

Go to Seek Capital

U.S. Small Business Association

U.S. Small Business Administration

The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. We recognize that small business is critical to our economic recovery and strength, to building America's future, and to helping the United States compete in today's global marketplace. Although SBA has grown and evolved in the years since it was established in 1953, the bottom line mission remains the same. The SBA helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, SBA delivers its services to people throughout the United States, Puerto Rico, the U. S. Virgin Islands and Guam.

Key articles to read

Is Entrepreneurship for you?

20 questions before starting a business

10 steps to start a new business

Score.org

Score.org

Mentoring is when an experienced leader provides advice to another to help them succeed. That’s what SCORE is all about.

SCORE volunteers provide the specific advice and resources you need through customized, 1-on-1 or team mentoring. Our mentors work with you to identify opportunities and avoid threats to your success. With SCORE, you can feel confident knowing you have an experienced resource available for simple questions or complicated strategy development.

Key articles to read

Getting Your Business Licenses and Permits

Maximizing Your Time as a Small Business Owner: How to Operate Efficiently and Effectively

The Why, What and How of Crowdfunding

GoFundMe

GoFundMe.com

GoFundMe makes it incredibly easy to raise money online for the things that matter to you most. In less than a minute, you'll be able to personalize your fundraising campaign and share it with the people in your life. In fact, over $1.3 Billion has been raised by GoFundMe users just like you.

With GoFundMe, the money you collect goes directly to you. There are no deadlines or limits - each donation you receive is yours to keep. Raising money for yourself or a loved one has never been easier. Plus, we're here to help. GoFundMe will respond to your emails within 5 minutes during the day.

Key articles to read

How GoFundMe Works

GoFundMe Success Stories

Common Questions about GoFundMe Crowdsourcing

BusinessUSA

Business USA

BusinessUSA implements a "no wrong door" approach for small businesses and exporters by using technology to quickly connect businesses to the services and information relevant to them, regardless of where the information is located or which agency's website, call center, or office they go to for help. Looking forward, the more federal agencies continue to add resources to BusinessUSA to encompass the full range of business programs and services, the more we will be able to reduce the confusing array of websites that exist today.

Try these online tools

Starting a Business

Access Financing

Find Resources in Your State

Trade Associations