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 - Applying for a Grant

Free Money Through Grants: Fact or Fiction?
It's posted all over the Internet. You hear it on the radio, and see it on television. The United States government is giving away free money in the form of federal grants. While it's true that the g...

---

Ethical Schools Project in Peru
The Ethical Schools Project revolves around the notion of promoting a culture of ethical behavior and civic responsibility among members of the youth, as well as teachers and parents. The project also aims to explore ways that would contribute to a reduction in corruption and other forms of illicit activities such as cocoa cultivation and illegal environmental degradation, which are both common practices in Peru.

---

Department of Agriculture: Technical Assistance and Training Grant
The Department of Agriculture has recently established the Technical Assistance and Training Grants program.

---

Are You Eligible To Receive A Federal Student Aid?
The Department of Education offers several types of educational financial assistance such as grants, federal loans, and work-study programs. It is very much essential for student to determine which type of assistance will best suit his/her financial needs.

---