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5 Ways To Get Funding To Expand Your Small Business

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Expand Your Small Business

There are several signs that may indicate that your small business is ready to grow. Growing customer demand, frequent stock shortages, and limited space for daily operations can point to the need to expand. However, it’s difficult to move forward with expansion plans without sufficient funding. After all, you need enough capital to support larger operations and make the improvements that allow your business to grow.

Where you obtain funding plays an important role in how sustainable that growth can be. Different funding sources come with different costs, expectations, and payment terms and flexibility levels of flexibility, all of which can influence how your business operates in the long term. Fortunately, there are plenty of ways small businesses can get  the capital they need. Let’s explore some of them.

Expand Your Small Business

Personal Investment

Many entrepreneurs turn to their personal savings when the time comes to expand their business. In some situations, they may ask for additional support from people within their family or friends such as relatives or close friends. These sources of funding often serve as the most immediate option because they usually don’t require formal approval or long application procedures. As a result, expansion plans can move forward without the delays that sometimes accompany external financing.

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One of the main advantages of this approach is that business owners still have full control often remains firmly in the hands of the business owner. That said, this approach has the potential to strain relationships. Ideally, there should be clear agreements between friends or family members to help prevent misunderstandings about repayment or expectations. Ultimately, however, this funding option can make financial planning easier since the business owner retains greater flexibility when managing expansion expenses.

MSME Loans

An MSME loan remains one of the most common ways to fund business expansion. It’s designed to help micro and small enterprises cover costs related to business growth, such as new equipment, inventory, renovation, and additional staff. Many banks offer loan programs specifically for small enterprises, but these often have stricter and longer application and approval processes.

Modern banks like Maya, however, provide more accessible online loan options and digital lending solutions. Maya Advance, for instance, is a credit line that lets you borrow up to Php 350,000 through the Maya Negosyo App. Simply apply through the Maya Negosyo dashboard, select Maya Advance from the available loan options, then choose the best repayment term for your business.

After a quick credit review, you’ll know instantly if your application is approved. Then, the funds are immediately deposited into your Maya Negosyo  account. This speed can make a major difference during urgent situations, allowing you to act quickly on opportunities that support your business growth.

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Venture Capital

Private investors sometimes provide funding to businesses that show strong growth potential. Venture capital firms, in particular, focus on supporting companies that have the potential to expand quickly and reach more customers. These firms often provide large funding support that involve a significant amount of capital that can support more ambitious expansion plans. With this level of funding, businesses can easily increase production capacity, making venture capital funding an attractive option for small enterprises aiming for rapid growth.

Nevertheless, investment from venture capital firms usually comes with certain expectations. Investors typically receive a share in the business in exchange for their financial support. Thus, before exploring venture capital funding, carefully consider how much ownership and decision-making authority you’re willing to share. This way, you can be sure that any partnership you enter into will truly support your long-term business goals.

Small Business Grants

Some organizations offer small business grants that provide financial support for companies that need additional funding to support expansion or development projects. Unlike traditional lenders, organizations that offer grants don’t usually require recipients to repay the funds. However, they are often very specific and only assist businesses that meet specific qualifications. For instance, a group may choose to provide monetary assistance to businesses in industries like agriculture, technology, or manufacturing that align with their advocacies. Others target businesses based on business sizes or development goals.

Careful research, therefore, becomes an important step before submitting an application. Understanding the eligibility requirements, application process, and intended use of the grant funds can help improve your chances of approval. Keep in mind that competition for grants can be high because the funding doesn’t require repayment. Thus, focus on elements that can strengthen your application, such as providing clear documentation and a well-prepared business proposal.

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Crowdfunding

Lastly, crowdfunding offers another way for small businesses to raise capital for expansion. Online platforms allow entrepreneurs to present their growth plans to a wide audience of potential supporters. Then, people who believe in the business can contribute small amounts of money toward the funding goal. That said, this approach often works well with businesses that already have a loyal customer base or a strong community presence. Supporters often feel motivated to contribute when they see a business they value preparing for its next stage of growth.

However, public interest alone can’t guarantee results. Successful campaigns also require clear explanations of the expansion plan and realistic funding targets. These give supporters a better understanding of how their contributions will help move the business forward. When handled properly, crowdfunding can provide both financial support and stronger support from customers who want to see your business succeed.

Access to funding can help your small business pursue expansion opportunities, but the right funding option helps you support that growth with confidence. Each funding source offers different conditions, expectations, and opportunities that can affect how your business grows. A thoughtful look at the available options can help you identify the option that aligns with your goals and resources.

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'Trust is gone', says minister after City of Perth council implodes

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'Trust is gone', says minister after City of Perth council implodes

Local Government Minister Hannah Beazley has described the City of Perth council’s conduct as “simply unbelievable” and again warned that amalgamations might be a solution to ongoing problems in the sector.

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Fintech firm Mercury hits $5.2 billion valuation after funding round

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Fintech firm Mercury hits $5.2 billion valuation after funding round

Immad Akhund, CEO and co-founder of the startup Mercury.

Courtesy: Mercury Technologies

Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation, CNBC has learned exclusively.

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That valuation is 49% higher than the San Francisco-based company’s previous funding round just 14 months ago, bucking the downturn facing much of the fintech sector.

The Series D round was led by venture firm TCV — backer of other well-known fintech firms, including Revolut and Nubank — and included existing investors Sequoia Capital, Andreessen Horowitz and Coatue, Mercury CEO Immad Akhund told CNBC.

Mercury has emerged in recent years as one of a select group of fintech firms, like the larger payments startups Ramp and Stripe, that have continued to thrive after the collapse of the inflated valuations of the pandemic era.

Mercury, with more than 300,000 customers, including a third of early-stage U.S. startups, has been profitable for the past four years and recently hit $650 million in annualized revenue, Akhund said.

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While generative AI has hurt many startups created before the arrival of OpenAI’s ChatGPT in late 2022, it has also fueled the formation of new companies — a trend that Mercury, which opens accounts for businesses at their earliest stage, has directly benefited from, according to Akhund.

“We’ve seen a lot of growth, especially recently, and a lot of that comes down to AI being a big enabler for entrepreneurship,” he said. “We’re seeing a lot of people doing AI startups, but also non-AI companies where they’re using AI to build an app really easily or build products and websites really quickly.”

The fundraising comes weeks after Mercury disclosed it received conditional approval from the Office of the Comptroller of the Currency to become a federally regulated bank, part of a wave of fintech and crypto firms seeking entry to the traditional banking system dominated by established lenders.

Building Mercury Bank

The charter, which Akhund says may be ready for final approval in 2027 as Mercury builds its products and internal controls, will enable the firm to keep more revenue for itself.

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Once it is a regulated bank, Mercury will also be able to expand its loan offerings, join the Zelle network for instant payments and reduce its reliance on partner banks Column and Choice Financial.

“At the scale Mercury is at, it just makes sense to be directly regulated,” Akhund said. “We tend to be much bigger than our sponsor banks. When a bank regulator goes in there, they really want to be regulating us directly.”

The move also reflects a broader shift underway in fintech after the collapse of fintech middleman Synapse exposed weaknesses in the partnership model that powered much of the industry’s growth over the past decade.

Still, Akhund said Mercury plans to continue working with its partner banks even after obtaining its own charter because some banking services will remain shared across institutions.

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Mercury originally gained traction among startups as a more tech-friendly alternative to traditional banks. It later benefited from the fallout of Silicon Valley Bank’s collapse in 2023. Now, it aims to use AI to maintain its lead in digital features for founders of startups and small businesses.

Mercury recently launched tools allowing businesses to interact with accounts through AI coding assistants. It also plans to unveil a broader AI interface later this year that will let customers approve payments, send invoices and manage finances with conversational language.

Akhund said he has no plans to sell the company to a bank, as Brex did in January. He said he eventually wants Mercury to go public.

“I really want to build a strong independent brand,” he said. “I would like it to be a public company.”

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What Are Sweepstakes Social Casinos and Why Are They Gaining Attention?

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What Are Sweepstakes Social Casinos and Why Are They Gaining

Online entertainment can be confusing. New platforms appear all the time, and many of them use terms that sound familiar but do not always mean the same thing. One example is the phrase “sweepstakes social casino.”

For some adults, the term sounds technical. For others, it sounds like online casino gaming. Sweepstakes-style platforms are a specific type of digital entertainment that combine social casino-style games with promotional sweepstakes mechanics.

What Are Sweepstakes Social Casinos and Why Are They Gaining
What Are Sweepstakes Social Casinos and Why Are They Gaining Attention?

This article is written as a practical guide for adults who want to understand the category before trying it. We will cover what sweepstakes social casinos are, why they are attracting attention, how they usually work, what users should look for, and how to approach them responsibly.

First, What Is a Sweepstakes Social Casino?

A sweepstakes social casino is an online entertainment platform that offers casino-style games using virtual currencies and sweepstakes-based promotional mechanics. These platforms are generally designed for adult users who want casino-inspired entertainment in a digital format, often without the same structure as traditional online casino gambling.

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The key point is that users should understand the platform’s rules before joining. Each site may explain coins, credits, bonuses, entries, redemptions, and eligibility in its own way.

Why Are These Platforms Becoming More Popular?

The rise of sweepstakes-style casino platforms is part of a much bigger trend: people want entertainment that is flexible, mobile-friendly, and easy to access from home.

A few years ago, casino-inspired entertainment was mostly associated with physical venues, resort trips, and destination gaming. Those experiences still exist and remain popular, but they are not always convenient for everyday leisure.

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Digital platforms offer something different. They allow users to enjoy short sessions from a phone, tablet, or laptop. That makes them easier to fit into normal routines: after work, during a quiet evening, or on a weekend at home.

The popularity of these platforms also reflects the growth of casual gaming. Many adults who do not consider themselves serious gamers still enjoy simple mobile games, puzzle apps, trivia, card games, and casino-style formats. The appeal is often the same: easy rules, quick access, visual variety, and a sense of anticipation.

Sweepstakes-style platforms add another layer by introducing promotional mechanics that can make the experience feel more structured and engaging.

The Simple Version: How They Usually Work

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Every platform has its own terms, so users should always read the official rules. Still, many sweepstakes-style social casino platforms follow a general pattern.

1. Users create an account

The first step is usually registration. Because these platforms are intended for adults, users may need to confirm eligibility and provide accurate account information.

2. The platform uses virtual currencies

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Many platforms use coins, credits, or similar virtual currencies. Some may be used mainly for entertainment play, while others may be connected to sweepstakes entries or promotional features.

3. Games are casino-inspired

The games may include slots-style games, table-inspired games, card-style games, or other casual formats. The look and feel may be like casino entertainment, but the rules depend on the platform.

4. Promotions may be available

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Users may receive welcome offers, daily bonuses, promotional credits, or other reward-style features. These should always be reviewed carefully.

5. Sweepstakes rules apply

This is the part users should pay close attention to. Sweepstakes mechanics can involve eligibility requirements, entry rules, redemption conditions, geographic restrictions, and account verification.

6. Responsible use matters

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Because these platforms are designed to be engaging, users should set time limits, understand the rules, and treat the experience as entertainment.

Why the Sweepstakes Model Appeals to Users

The sweepstakes model has gained attention because it offers a different route into casino-style digital entertainment.

For many users, the appeal comes from five practical benefits.

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Convenience
Users can access entertainment from home or on mobile devices.

Familiar game styles
Casino-inspired games are easy for many adults to understand because the themes and formats are already familiar.

Short sessions
Users do not need to commit an entire evening. A short break can be enough.

Promotional features
Bonuses, daily rewards, or sweepstakes entries can make the experience feel more interactive.

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Lower friction than destination entertainment
A physical casino trip can involve travel, planning, and cost. A digital platform is much easier to access casually.

The model works because it fits the way many people now use entertainment: in smaller moments, on personal devices, and with more control over timing.

What Users Should Check Before Joining

Before using any sweepstakes-style entertainment platform, adults should take a few minutes to review the basics. This can prevent confusion later.

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Read the official rules

This is the most important step. Users should understand eligibility, entry methods, redemption rules, limits, and verification requirements.

Check location availability

Not every platform is available everywhere. Rules may vary by country, state, or region.

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Understand the currencies

If a platform uses more than one type of coin or credit, learn what each one does. Do not assume all virtual currencies have the same purpose.

Review redemption terms

If sweepstakes prizes or redemptions are part of the platform, read the requirements carefully. Look for verification steps, processing times, minimums, and restrictions.

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Look for responsible play tools

A trustworthy platform should support responsible entertainment through reminders, limits, or clear guidance.

Check support options

Users should know how to contact support before they need help. A clear help center or support channel is a good sign.

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Review privacy and security

The platform should provide clear privacy information, secure account access, and transparent handling of user data.

A Practical Example: Understanding the Difference

Imagine two adults exploring casino-style online entertainment.

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One person signs up quickly without reading the rules. They see bonuses, credits, and sweepstakes language, but they do not understand how the platform works. Later, they become frustrated because they did not check eligibility, redemption requirements, or the difference between virtual currencies.

Another person takes ten minutes before playing. They read the basic rules, understand which currency is used for which purpose, check whether their location is eligible, and set a personal time limit. Their experience is smoother because they know what to expect.

The difference is not luck or technical knowledge. It is preparation.

Sweepstakes-style platforms are easier to enjoy when users understand the structure from the start.

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Common Mistakes to Avoid

Users often run into problems because they treat every platform the same. Terms can vary widely.

Common mistakes include:

  • · Skipping the official rules.
  • · Assuming all coins or credits work the same way.
  • · Ignoring location restrictions.
  • · Not checking age or eligibility requirements.
  • · Focusing only on promotions.
  • · Forgetting to review redemption conditions.
  • · Using weak passwords.
  • · Playing for longer than planned.
  • · Ignoring responsible play tools.
  • · Contacting unofficial social media accounts instead of official support.

Most of these mistakes are easy to avoid. The solution is to slow down, read the basics, and use the platform intentionally.

How to Use Sweepstakes-Style Platforms Responsibly

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Responsible entertainment does not mean avoiding fun. It means keeping the experience clear, controlled, and enjoyable.

Here are practical habits that help:

1. Set a time limit before starting
Decide how long you want the session to last.

2. Treat play as entertainment
The main purpose should be enjoyment, not pressure.

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3. Read promotions carefully
Bonuses and sweepstakes features often have conditions.

4. Use secure account habits
Choose a strong password and avoid sharing account details.

5. Take breaks
Step away regularly, especially during longer sessions.

6. Avoid playing when stressed
Entertainment is better when it is not used as an emotional reaction.

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7. Track your activity
Pay attention to time spent and account actions.

8. Use official support channels
If you have questions, go directly through the platform’s help resources.

What Makes a Platform Feel Trustworthy?

Trust is one of the most important factors in this category. Users should feel that the platform is clear about how it works.

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A trustworthy sweepstakes-style social casino should offer:

  • · Clear terms and official rules.
  • · Easy-to-understand currency explanations.
  • · Visible support information.
  • · Secure website access.
  • · Transparent promotional conditions.
  • · Responsible play resources.
  • · Account verification guidance.
  • · Privacy information.
  • · Smooth mobile performance.
  • · Professional communication.

A platform does not need to be complicated to be credible. In fact, simplicity often builds trust. When users can easily understand the rules, they are more likely to feel comfortable.

FAQ

What is a sweepstakes social casino?
It is a digital entertainment platform that offers casino-style games with virtual currencies and sweepstakes-based promotional mechanics. Users should always read the platform’s official rules.

Is it the same as a traditional online casino?
No. Sweepstakes-style platforms generally use a different structure and should be understood through their own rules, eligibility terms, and promotional mechanics.

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Why are these platforms popular?
They are convenient, mobile-friendly, easy to access, and built around familiar casino-inspired games and reward-style features.

Do I need to read the rules before playing?
Yes. This is especially important because coins, credits, entries, bonuses, and redemptions can work differently from one platform to another.

What should I check first?
Start with eligibility, location availability, virtual currency rules, redemption terms, privacy information, and support options.

How can I keep the experience responsible?
Set time limits, take breaks, understand promotions, protect your account, and treat the platform as entertainment.

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Final Thoughts

Sweepstakes social casinos are gaining popularity because they match modern entertainment habits. They are digital, accessible, mobile-friendly, and built for adults who enjoy casino-inspired games in a more flexible online format.

Still, the best experience comes from understanding how the platform works before participating.

Key takeaways:

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  • · Sweepstakes-style platforms use specific rules and promotional mechanics.
  • · Users should understand virtual currencies, eligibility, and redemption terms.
  • · The appeal comes from convenience, short sessions, familiar games, and interactive features.
  • · Responsible use is essential for a better experience.
  • · Trustworthy platforms make rules, support, privacy, and account information easy to find.

Before joining any platform, take a few minutes to read the official rules and understand the basics. A little preparation can make online entertainment clearer, safer, and much more enjoyable.

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Slideshow: Making a splash with hydration innovation

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Slideshow: Making a splash with hydration innovation

Functional hydration products feature electrolyte-focused formulations and novel formats. 

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Nvidia's CEO And Trump Agree On ServiceNow; Here's Why

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Brighthouse Financial (BHF): A Deal-Driven Opportunity, Not A Long-Term Compounder

Nvidia's CEO And Trump Agree On ServiceNow; Here's Why

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Dow Jones Drops 67.71 Points to 49,296.17 as Markets End Session Lower

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FTSE 100 Surges 0.8% Today as Oil Eases and Markets

NEW YORK — The Dow Jones Industrial Average closed at 49,296.17 on Wednesday, May 20, 2026, down 67.71 points or 0.14 percent from the previous session.

The blue-chip index opened near 49,350 and traded within a relatively narrow range during the session before finishing modestly lower. Volume remained in line with recent averages as investors assessed ongoing corporate earnings, economic data and geopolitical developments.

The S&P 500 and Nasdaq Composite showed mixed performance on the day, with technology shares providing some support while cyclical and interest-rate-sensitive sectors weighed on the Dow. The session marked a pullback after the index hovered near recent highs in the 49,000 to 50,000 range earlier in May.

Several Dow components contributed to the decline, including shares in financials, industrials and consumer staples. Specific movers reflected sector rotation and responses to individual company news. Energy stocks faced pressure amid fluctuations in oil prices.

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The Dow has traded in a broad range throughout 2026, having surpassed the 50,000 milestone earlier in the year before experiencing periodic pullbacks. Year-to-date performance remained positive but moderated as the second quarter progressed.

Market participants monitored Federal Reserve policy signals, inflation readings and corporate earnings reports. Treasury yields moved modestly during the session, influencing rate-sensitive sectors within the Dow.

Broader market context included ongoing attention to U.S.-China relations following recent diplomatic engagements and developments in the Middle East affecting energy markets. Investors weighed the balance between resilient corporate profits and macroeconomic uncertainties.

The Dow Jones Industrial Average, a price-weighted index of 30 large U.S. companies, serves as one of the primary benchmarks for the U.S. stock market. Its components span sectors including technology, finance, healthcare, industrials and consumer goods.

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Wednesday’s decline followed a series of sessions where the index approached but did not sustain new record levels. Technical analysts noted support near the 49,000 level and resistance in the low 50,000s.

Trading activity reflected typical midweek patterns with institutional and retail participation. Options expiration effects and positioning ahead of upcoming economic releases may have influenced intraday movements.

Individual Dow stocks showed varied results. Blue-chip names with significant weighting, such as those in technology and financial services, moved differently based on sector-specific news and broader sentiment.

The session occurred amid ongoing earnings season. Companies within the index continued reporting quarterly results, with some beating expectations while others faced challenges from higher costs or shifting consumer demand.

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Bond markets provided mixed signals. The 10-year Treasury yield fluctuated, affecting valuations in rate-sensitive Dow components such as real estate, utilities and financials.

Commodity prices, including oil and gold, showed movement that influenced related Dow members. Geopolitical factors and supply dynamics played roles in energy sector performance.

International markets offered context, with European and Asian indices displaying varied closes ahead of the U.S. session. Currency movements, particularly the dollar’s strength, impacted multinational Dow companies.

The Dow’s performance this year has reflected resilience in certain sectors amid volatility. Its 30-stock composition provides a snapshot of industrial and blue-chip America, though it is narrower than broader indices like the S&P 500.

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Analysts continue tracking Federal Reserve decisions and inflation data for clues on monetary policy. Expectations around rate cuts or holds have influenced market direction in recent weeks.

As of the May 20 close, the Dow remained well above levels seen at the start of 2026, though short-term fluctuations highlighted ongoing investor caution. Volume and volatility metrics stayed within normal ranges for the period.

Market participants now look toward upcoming economic indicators and the remainder of earnings season. The Dow’s next sessions will test support levels established in recent trading.

The index’s composition ensures representation from established U.S. corporations with global reach. Changes to components occur periodically to reflect economic shifts.

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Wednesday’s modest decline contributed to a mixed week for the Dow. Broader market sentiment remained focused on corporate fundamentals and macroeconomic trends.

Investors will monitor futures trading overnight and Thursday’s open for continuation or reversal signals. The Dow’s path will depend on incoming data and sector rotations.

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Business News wins three more international awards

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Business News wins three more international awards

Business News has again received international recognition for its journalism and digital products, taking home three honours at the Alliance of Area Business Publishers awards held in the US.

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India needs to raise R&D spending to 2 pc of GDP by 2035 to boost manufacturing: Report

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India needs to raise R&D spending to 2 pc of GDP by 2035 to boost manufacturing: Report
Mumbai: India’s manufacturing growth is constrained by low spending on research and development (R&D) at just 0.6 per cent of GDP, and it should increase its expenditure to 2 per cent by 2035, according to a report released on Wednesday.

The manufacturing activity’s share in the GDP has declined to 13 per cent in 2024 compared to 16 per cent in 2015, Careedge Ratings said, adding that this illustrates “structural challenges” in scaling value-added production.

Countries like Bangladesh and Vietnam have been able to expand the manufacturing share of GDP in the same period.

The manufacturing activity has grown at 5 per cent per year during the same period, but increasing the share of manufacturing in the GDP is not sufficient, it said, adding that low R&D spending of 0.6-0.7 per cent of GDP is among the factors hampering the growth in the high-employment sector.

“India should target to increase its R&D spend to 2 per cent by 2035 in line with its Asian peers, to enhance the share of manufacturing in GDP, which will require greater private-sector participation, stronger innovation ecosystems and improved research-to-commercialisation pipelines,” it said.

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Efforts need to include strengthening the STEM (science, technology, engineering, mathematics) education, deeper industry-academia collaboration, higher private-sector R&D investment, and integrated innovation-led industrial ecosystems to build long-term global competitiveness, the rating agency said.
Its senior director Ranjan Sharma acknowledged that recent policy initiatives have strengthened production capabilities, but added that the long-term competitiveness will depend on the ability to transition to innovation-driven manufacturing that leads to greater value addition.With R&D spending at just 0.6-0.7 per cent of GDP, India remains significantly behind global peers, Sharma said.

The US spends over 3 per cent of GDP on R&D, China 2.5 per cent, and South Korea’s up to 5 per cent, the report said.

India’s share in patents stands only at 4 per cent globally, which is low because of low researcher density and weak industry-academia collaboration, it added.

R&D spending among listed Indian companies is concentrated in a few sectors like automobiles, pharmaceuticals, chemicals, and metals, while the broader industrial base remains under-invested, the rating agency said.

The innovation, which emerges from the spending, tends to be incremental rather than path-breaking, which forces Indian firms to be followers of global developments instead of leading them and deprives the country’s firms of the first-mover advantage.

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Structural constraints on R&D, including low private-sector participation in R&D, risk aversion, talent outflow, and scale-first growth strategies, have hindered the transition towards innovation-led manufacturing, the report said.

Elaborating on education, the report said the per capita expenditure on the sector remains “alarmingly low” at around Rs 6,000, resulting in limited learning outcomes and skill development, particularly in technical and vocational training.

Other aspects, which can help innovation, would be expanding tax incentives for R&D, improving access to risk capital, introducing performance-linked funding models, and encouraging large business groups to invest in innovation and subsequently commercialise the same, Careeedge said.

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Why Oil Price Spikes Cause Recessions But High Prices Don't

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Why Oil Price Spikes Cause Recessions But High Prices Don't

Why Oil Price Spikes Cause Recessions But High Prices Don't

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Kraft Heinz rolls out reformulated Jell-O

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Kraft Heinz rolls out reformulated Jell-O

Jell-O Simply is formulated free from synthetic colors and artificial sweeteners. 

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