A listener asks: I have a successful coffee roaster and cafe, and want to expand into coffee catering. The problem is, I don't want to drain my savings to buy equipment (espresso machine, grinder, dishware, etc.). Should I get loans from the bank or should I ask for private capital?
This episode breaks down equity, debt and grant funding plus some practical guidance on the pros and cons of each.
https://www.sba.gov/funding-programs/loans
https://www.uschamber.com/co/run/business-financing/small-business-grants-and-programs
