Fresh Money for Startups in Down Times.

A lot of people have been saying lately that the worst is behind us. That the good and positive aspects of the recession are finally arriving. But Truth is that it is not impacting the majority of people as of yet. New business owners and young entrepreneurs are having problems to find the necessary funds for their ideas and businesses. Where to look for then?

• Friends and Family. If there is a family member or friend who has available and enough funds to lend, that may be the best place to go right now. However, be honest about the upside and downside to your startup idea. The risks and probabilities. Don’t ruin a relationship!
• A Bank. Although credit is still tight, some banks are being pressured to release their grip on money. Don’t shoot down this avenue before you give it a try.
• Government Agencies. Most local, state and national governments are desperate for jobs. And since small businesses create millions of jobs each year, now is a good time to unveil your startup idea to a government agency.
• Yourself. Perhaps the best idea is to rely on yourself. Find a way to bring more money in and turn around and pour that money into your startup.