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One of the biggest challenges when starting or growing businesses is finding funds for marketing, materials or even labour. When your business is newer and less established, it may be difficult to secure funding since banks often require the track record of your business's success before they will extend a loan.

If you're just starting out or managing a growing company, you might need an extra financial push to keep operations running smoothly and expand. Instead of searching for traditional loans, consider these common ways to raise money for a business and how to choose the right one for you.