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Starting your own business can be
difficult!
For
one,
an
entrepreneur needs a stable source
of
financing
not
only
for
establishing the business, but to
also keep it going. Making sure you
have enough working capital is one
of the keys to running a successful
business.  With that said however,
most new business owners start up
with a very  limited budget. A new
business owner needs to know
where to find financing and to
leverage it to cover their business
needs.

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STEPS TO TAKE BEFORE APPROACHING A
FINANCIAL SOURCE
Before you approach any lending source,
a new business should have:

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A BUSINESS PLAN.
There are plenty of good software on some
blemishes, include a letter of explanation
and make sure the banks you approach work
with people with your particular credit score.

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GET TO KNOW YOUR POTENTIAL
FINANCING SOURCES
Research the banks and financing companies
you plan on approaching.

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MOST COMMON PLACES TO FIND
FINANCING
Lets go over a few
of the different loan
options available to
business owners.

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BANK LOANS
Going to the bank is the first
thought that enters any business
owners mind. They are one of
the biggest sources of financing
for a business.
Bank loans are considered a
traditional financing source,
with traditional financing
guidelines.  

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CREDIT CARDS
Credit cards are one of the easiest ways to
finance your business.  You only have to
make sure that you do it the right way! You
have to make sure you use this credit
card ONLY FOR BUSINESS PURPOSES. 

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SBA LOANS
SBA loans (Small Business Administration)
are loans that are given by banks but have a
guarantee from the government.

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BUSINESS EQUIPMENT LEASING
A little known source of financing, but
growing in its popularity,  is equipment
leasing.  Equipment leasing allows a business
to obtain all the equipment it needs to open
its doors, while requiring only a small down
payment.

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START UP BUSINESS LOANS
To read the complete article on “Where to Find
Financing for Your Start Up Business”, click
here.
You can also visit our social sites by clicking on
the icons

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