So you want to grow your business, but need a source of working capital. You don’t want to take funds away from daily operations, as this can make functioning difficult and puts your company at risk. What can you do instead?

The good news is, there are many commercial finance options available. In fact, there are so many ways to fund your company, you’re bound to find one that checks every box on your list.

Factoring

Also called accounts receivable financing, factoring is a great option for companies that rely on invoices. Delivering your goods or services before getting paid is a major risk, but remains the norm in many industries. Instead of having to write off debt that isn’t paid, you can sell those invoices to a lender who provides a portion of their value in cash. That way, you’re guaranteed money that you can put toward payroll, inventory or expansion.

Unsecured Business Lines of Credit

One of the best things about a line of credit is the flexibility. Instead of getting a lump sum at the beginning of the loan, you can make draws of varying amounts throughout the term. This means you only pay interest on the amount you have drawn, which can help you manage your finances and keep your monthly payment reasonable. It’s also great in times of emergency, as you know the money is there for you to use.

Crowdfunding

If you already have a large audience or have an idea that could appeal to a wide variety of people, you can try crowdfunding. This type of financing relies on relatively small donations from a large group of people who are promised exclusive perks in exchange for their investment. Campaigns are conducted through online sites that take a portion of the amount earned. The one thing you have to keep in mind is that if your goal isn’t met within the allotted timeframe, the funds are refunded to pledgers.

SBA Loans

Small business loans can be a lifeline for mom-and-pop shops as well as up-and-coming businesses. They’re guaranteed by the Small Business Administration, which makes them attainable for small businesses that may not qualify for traditional loans. Of course, qualification isn’t a sure thing; you must have a good credit score and a reliable business plan.

If you want to expand your market share, you need commercial finance. With the right loan option, you can tackle nearly any obstacle.