One of the biggest challenges a startup business needs to address before jumping in to opening your own small business is getting financing. Just the idea of spending your life's savings can seem discouraging. Where can you get money to start your business?
Obviously, your first line of defense in finding a loan is going to people you know, including a wealthy cousin, a best friend, or a well-heeled neighbor. The good thing about financing your startup business with the help of family and friends is that you can often get fairly lenient repayment terms. That may be important in the initial years of your new business. They may give you a low interest rate and a long time to repay them. On the other hand, they might want a stake in your firm if you are agreeable.
One idea is to follow the twitter accounts of the sources that give funding for new businesses. These individuals and companies distribute their information primarily via Twitter. Follow these folks and you will be privy to sources of funding and breaking news regarding funding sources for your business.
SOURCES:
Small Business Loans and Grants
SBA Business Loans
Alliance Financing Group
Funding Universe
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