Getting Money to Start a New Business

 by: John Mussi

Starting a new business can be an exciting venture -- unfortunately, it can also be quite expensive as well. In order to get the money that you need to get your business off of the ground, you might be considering a loan from a bank or other lender; you should keep in mind that there are some other alternatives for funding that might serve you well in addition to traditional loans.

Of course, before you can do much work toward getting the money that you want you'll need a business proposal and you'll have to be willing to consider a variety of different funding options.

Drafting a business proposal

The first step toward getting the money that you need for your new business is creating a business proposal. This can require a lot of research and estimations, as it should include sections on how much money you'll need, how much money you hope to make, what competition you'll face, what equipment and training your employees will need, and other statistics that may vary depending upon what sort of business you're planning on opening. It's best to do additional research on business proposals, so that you know that you haven't left out anything that's vitally important.

Business grants

Once you've created your business proposal, you should begin looking for business grants that you might qualify for and begin submitting applications. Business grants work much like a business loan, with the exception that the money issued with a grant does not have to be repaid. Any business grants that you can receive will be a great boon to your business, as it means additional funds as well as the knowledge that someone believes that your business will succeed.

Business loans
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Getting Money to Start a New Business
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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.

Additional Resources

category - Applying for a Grant

What You Need To Know About GovLoans
GovLoans is a website created by the United States Government to serve the public's gateway to government loan information. At present, GovLoans hosts information on loan opportunities from five loan making agencies.

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National Aeronautics and Space Administration: Research Opportunities in Space and Earth Sciences
NASA has recently established the Research Opportunities in Space and Earth Sciences (ROSES) program for the year 2011, which encourages interested institutions to submit proposals that involve ground-based research and technology investigations that seek to comprehend naturally occurring phenomena, both in the Earth and in space.

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National Endowment for the Arts Literature Fellowships in Poetry
The Literature Fellowship program will offer $25,000 grants in poetry to published creative writers that are capable of writing literary pieces, conduct research, travel, and work towards general career advancement activities.

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Grants From The Department of Justice
The DOJ was initially established to ensure the enforcement of the law and administration of justice, which is equivalent to the justice or interior ministries of other countries all over the world.

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