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Florida SBDC at Daytona State College
The Small Business Development Center (SBDC) helps businesses become more successful today and meet the challenges of tomorrow. Whether you are starting a business, buying a business, growing a business, selling a business or looking for financing, we can help you.

The SBDC at Daytona State College is a member of the Florida SBDC Network, a statewide service network funded in part through a cooperative agreement with the U.S. Small Business Administration (SBA).

As a subcenter of the SBDC at UCF, the SBDC at Daytona State College has been actively serving the entrepreneurs of Volusia and Flagler Counties since 1992.
Debt, Equity and the Competition Between the Two
Debt, Equity and the Competition Between the Two 

Debt Vs. Equity
There are two types of financing available to start and grow businesses: equity and debt. Debt is a familiar concept to everyone. You borrow other people's money and pay it back. Equity, on the other hand, is ownership - an investment in the business by the owners of the company. Most small businesses are financed with a combination of both debt and equity. The more money owners have invested in their business, the easier it is to attract financing.


Generally, the ability to obtain financing will be based on: the strength of the business idea, a complete and comprehensive business plan, collateral, down payment (equity), clean personal credit history and positive financial net worth, management ability and sufficient cash flow to meet expenses and repay the debt.


Equity financing requires that you sell an ownership interest in the business in exchange for capital. This can be your money or other people's money. Investors own a part of your company represented by shares of stock or a partnership interest. The most basic hurdle to equity financing is finding investors who are willing to buy into your business. Family and friends are a common source of equity financing for start up businesses. The amount of equity financing that you undertake also depends upon your willingness to share management control. By selling equity interests in your business, you potentially sacrifice some of your autonomy and management rights.

State Designated as Florida's Principal Provider of Small Business Assistance
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