What are 7 ways a sole trader can raise funds?

A sole trader can raise funds through several methods, including personal savings, which provide immediate access without incurring debt. They can seek loans from banks or financial institutions, leveraging their credit history. Additionally, crowdfunding platforms can be utilized to attract small investments from a large number of people. Finally, a sole trader can explore grants or competitions aimed at small businesses, as well as angel investors who may offer capital in exchange for equity or a share of profits.