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 Government Grants Resources


Zambia Economic Resilience Program for Improved Food Security
The Zambia Economic Resilience Program for Improved Food Security is designed to implement innovative techniques and approaches that would hopefully enable the community's most vulnerable and poor rural families to improve food security by strengthening their economic resilience.


Regional Ecosystem Prediction Program: Center for Sponsored Coastal Ocean Research
The United States Department of Commerce has recently constituted the development of the Regional Ecosystem Prediction Program, specifically the Center for Sponsored Coastal Ocean Research.


Downpayment Assistance Program for the First Time Home Buyers in North Carolina
The programs and activities of the North Carolina Housing Finance Agency are constantly geared towards the satisfaction of the best interest of its target population, which is why all their endeavors are carefully guided by their overall agency mission which is "to create affordable housing opportunities for North Carolinians whose needs are not met by the market."


Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.


Department of the Interior: Community History of Former Village Sites in the Nabesna District Project
The article is about the Department of the Interior's Community History of Former Village Sites in the Nabesna District Project


Exploratory/Developmental Grants Program for Basic Cancer Research in Cancer Health Disparities
The National Institutes of Health has recently formed a partnership with the National Cancer Institute (NCI) in an effort to constitute the Exploratory/Developmental Grants Program for Basic Cancer Research in Cancer Health Disparities wherein both agencies intend to solicit grant application from various eligible researchers who are interested in conducing basic research studies regarding the biological causes and mechanisms of cancer health disparities.


National Estuarine Research Reserve System Land Acquisition and Construction Program
The National Oceanic and Atmospheric Administration has recently announced a funding opportunity amounting to $1,690,000 to support the National Estuarine Research Reserve System (NERRS) Land Acquisition and Construction Program.






Social Entrepreneurship
Spotlight



The Power of Being Unreasonable


Teju Ravilochan co-founded the Unreasonable Institute in 2009 to design an academy to tackle poverty, social justice, and educational voids. It’s a social-good school for traditional and nonprofit companies to learn how to speed-up, find partners, and help fund their world-changing ideas.