1. Personal investment
When starting a business, your first investor should be yourself—either with your own cash or with collateral on your assets. This proves to investors and bankers that you have a long-term commitment to your project and that you are ready to take risks.
2. Love money
This is money loaned by a spouse, parents, family or friends. Investors and bankers considers this as "patient capital", which is money that will be repaid later as your business profits increase.
When borrowing love money, you should be aware that:
Family and friends rarely have much capital
They may want to have equity in your business
A business relationship with family or friends should never be taken lightly.
To learn more click this link:
https://www.bdc.ca/en/articles-tools/start-buy-business/start-business/start-up-financing-sources
