Getting the Right Funding Can be Daunting – But There is Hope

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Vendedy is the first social network designed to connect global travelers to street markets. Founded by Forbes30Under30 Entrepreneur Christine Souffrant Ntim, the small business's goal is to digitize the $10 trillion dollar street market economy and make it accessible to anyone and everyone.

But when Ntim started out, she had an incredibly difficult time getting the funding she needed. Watch this quick video to find out how Vendedy turned fails into sales:

When you're an entrepreneur attempting to start a small business, getting funding can be tough. That's especially true if you're like Ntim and trying to launch something bold and new. So its important to explore all both traditional and newer funding options and pick the one that best fits you and your business best.

For example, you might be able to get a traditional small business loan, just beware of prepayment and other penalties that are part of the agreement. Newer types of options to consider include crowdfunding, online lenders and non-profit lenders. You might also consider applying for a loan from the U.S. Small Business Association.

Watch more of Carbonite's “Small Business Storytellers” videos.

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This article, "Getting the Right Funding Can be Daunting – But There is Hope" was first published on Small Business Trends