Getting Money to Start a New Business
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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
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Additional Resources

category - Applying for a Grant

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.

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Can You Use Government Grants to Become A Real Estate Entrepreneur?
Real Estate Apprentice Grant your way to being a Real Estate Entrepreneur...

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Democracy, Human Rights, Rule of Law, and Freedom of Expression and the Press for Europe and Eurasia
The Bureau of Democracy, Human Rights and Labor Affairs has recently established a funding opportunity entitled Democracy, Human Rights, Rule of Law, and Freedom of Expression/Press for Europe/Eurasia, wherein they are seeking applications and proposals that aim to develop projects promoting democracy, human rights, rule of law, and freedom of expression/press in Europe and Eurasia.

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National Institutes of Health: Expanding the Encyclopedia of DNA Elements in Human and Model Organisms
The National Institutes of Health, in cooperation with the National Human Genome Research Institute, has established a funding opportunity to support the Expanding the Encyclopedia of DNA Elements in Human and Model Organisms project.

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