This way is a financing mode that many entrepreneurial companies, especially some technology companies prefer to engage in. In other words, some employees of the company can consider raising funds internally and giving employees equity to encourage them. Maybe there are some people outside who want to invest, or you can sell this equity to some people outside, and then you may raise money.
Next, there is another way to accept equity investment. This is generally angel investment, or it may be VC or PE.
But the conditions are also very strict, that is, people must be optimistic about this company and think that it may develop better in the future before investing in this company. There is also the transfer of creditor's rights, which can't be helped. If you are really short of money, you can consider transferring part of your creditor's rights to others, and then quickly cash out to obtain funds.