Getting Money to Start a New Business
Page 2

You will likely be in the market for business loans and will need to supply the banks or other lenders with copies of your business proposal so that they can see exactly what the money is needed for. It's important to remember that if you're just starting out into business then you may have a bit of difficulty in getting a business loan because many lenders don't want to invest their loans in a business that they have no guarantee will succeed. This is another reason why you need a thorough business plan… the more information that you can present to potential lenders, the more likely they are to believe in your business and give you the loan that you need.

Personal loans for business

If you're unable to get a business loan for the money that you need, you might want to consider taking out a personal loan for the amount instead. This can be dangerous, since you'll likely be using home equity or other high-value collateral to guarantee the loan, but it is a much more likely method of getting the loan that you need if you're just starting out in business.

Investors

One other method of getting the money that you need to start your business is to find potential investors and allow them to invest in your business in a manner similar to how they would invest in a publicly traded company. This can be one of the more difficult methods of getting business startup money, since it requires that you find individuals who both have the money to invest in your business and who are willing to make that investment. Having investors can save you a lot of time that would otherwise be spent working out loan details, though, and often allows you more freedom in how you structure your business.

You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:

About The Author John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the www.directonlineloans.co.uk website.

Getting Money to Start a New Business
  Back to Page 1

Additional Resources

category - Small Business Grants

Small Business Innovation Research Phase IIB Bridge Awards
In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.

---

Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.

---

Finding Federal Grants for Woman Owned Businesses
There are many U.S. government grants that are available today. American citizens are not just aware or familiar with it because there is not advertisement about it. This is probably because there are no funds allocated for such announcements....

---

Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.

---