1. Equipment financing, or loans used to purchase business equipment/li>
2. Invoice financing, or factoring, which supplies instant payment for outstanding client invoices through a third-party vendor
3. Business line of credit, a limited cash supply available to borrow against, which functions similarly to a credit card
4. Angel investors, or individuals who provide capital in exchange for ownership equity or convertible debt
5. Venture capital, or private equity provided to startups with high projected growth

Your financial records are crucial for tracking deductions, projecting cash flow and more.
According to the IRS, there are two financial statements you should keep a record of:

1. Balance sheet, which consists of your business’s income and expenses.
2. Income statement, which consists of assets, liabilities and equities in business.

You’ve reached your break-even point when your sales cover your expenses. To calculate it, use these steps:

1. 1. Factor unit price (price per unit) minus variable costs (costs dependent on sales volume).
2. 2. Divide fixed costs (costs independent of sales volume) by the amount found in step 1.
3. 3. Result is your break-even point (in units sold).