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



Q&A: How Should I Raise Money For My Startup?

The Women’s Investor Community is a place to ask all the money and finance questions - especially the ones that feel hard, embarrassing, or complex. 

It's a place to get well-researched, forward-thinking investment ideas that move the world to a better place. And it's a place to let your guard down - to finally feel like you can live in your authenticity AND be financially successful.

If you have a personal finance question, please feel free to get in touch at www.dianarichey.com.

About the Host: 

Diana Richey is a nationally recognized personal finance expert. She is passionate about helping people take control of their finances and invest in conscious companies. As a financial planner and tax lawyer with over a decade of experience, she has represented multinational corporations, investment funds, and high-net-worth individuals on matters ranging from international tax planning to charitable giving to cryptocurrency tax compliance.

Diana earned a B.A. with honors from The University of Chicago and a J.D., cum laude, from Boston University School of Law. She is a Certified Financial Planner (CFP®), Project Management Professional (PMP®), trained mediator, and FINRA arbitrator. She sits on the Board of Nature and Culture International, a 501(c)(3) dedicated to preserving wild places.

She lives in Jackson Hole, Wyoming with her husband, young son, and dog.

LEGAL, INVESTMENT AND TAX NOTICE: This information is not intended to be and should not be treated as legal advice, investment advice or tax advice. The reader should under no circumstances rely upon this information as a substitute for obtaining specific legal or tax advice from their own legal or tax advisors.