Financing Your Startup

Getting your dream business started is tough in today’s society. Nearly 80 perfect of small businesses obtain their funds through bank loans, credit cards, and lines of credit. Bank loans from community banks and credit unions may be the best bet for your small business. Small businesses are having success with loans from local banks as long as they are able to convince the bank they will make a profit. Credit cards have their benefits of immediate funds, but some jack up their rates because they know commercial loans are hard to obtain, so beware and devise a steady monthly payment plan. The SBA is another way to get funding for your small business, but it a lengthy process that requires a lot of paperwork. All of these options are ways to finance your startup and get your business rolling.

 

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