Family and friends are a reliable source of support for entrepreneurs. They can also be a valuable go to source for financial assistance as well.

In fact, more small businesses rely on loans from friends and family than any other funding source. Familiarity with the person and his/her business goals, the investment opportunity, and the ability to monitor the venture’s progress are among the major reasons why friends and family members willingly contribute to a start-up or expansion.

Financing Your Business Using Friends and Family