How to get a loan to start a small business

How to get loan to start a business - Typically, the asset purchase is funded by a loan from a bank or other lender in your area, along with a second loan from a certified development company (cdc) that's funded with an sba guarantee for up to 40 percent of the value of the asset--which is generally a loan of up to million--and a contribution of 10 percent from the equity of the borrower. Biggest single complaint is that small business owners aren't able to articulate very well how they're going to use the capital that they're looking for, how they're going to make repayment and what impact they think [the loan] is going to have," said ty kiisel, who writes about small business for online lender ondeck. Obviously, a decent credit report is important, and you will have to follow the guidelines regarding the repayment period and the interest rate set by the government, but usually the interest rates charged by government loans are lower than those you could expect in the private sector. Also recommends that business owners get financial advice from business networking groups and conduct research on the websites of the leading alternative funders, since many have detailed resource sections for small businesses about the many kinds of available capital and the best ways to prepare for funding.

How To Get Startup Funding or a Startup Loan for Your Small Business

This weekly Video Podcast will introduce you to how small business owners can obtain the small business funding or small ...