Are you planning on preparing legal documents in such a manner that loss of control after obtaining external funding is minimal? Well, lots of luck to that. Do you really think that investors will allow the entrepreneur to take charge of the terms and conditions, especially in a recessionary economy?
You will not have this freedom even if you seek the government grants. There are specific government programs that provide guarantee for loans taken by specific businesses. Of course, you are never going to get money directly from the government. You are going to find it easier to borrow money or arrange for finances with government support.
Of course, this is a very big hit amongst strategic investors and venture capital providers. The fact that you have convinced the government to go along with you is definitely going to work in your favor.
Employing a lawyer to go through the terms and conditions of the documentation before proceeding is a must. You may be good at reading and understanding complicated terms and conditions.
However, you must keep in mind that expectations from your business and the investment made by the third parties will change drastically when you become a success. After you become a success, you may no longer value the initial investment that had been offered. On the other hand, the third party investors may be keen on portraying your success as a direct product of their investment.
Get these matters clarified in advance. Log on to the internet and find out what others have to say about your agreement if you want free help. Make sure private details are not disclosed in such a manner that they are traceable to third party investor.