March 23, 2010

How Can You Get a Loan for Your Small Business?

originally published on Entrepreneur

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If you want to expand your business, you’re going to need some cash.

Money still isn’t falling off trees for small businesses, and the lending seas can be a challenge to navigate. Although you need funding, you want to make sure your deal is better than the one offered by the neighborhood loan shark.

Money might be available thanks to stimulus spending, but that doesn’t mean it’s easy to get.

“The [banks] have tightened their lending policies, and it is more difficult for an entrepreneur to get financing,” says Velda Eugenias, a certified financial planner with Eugenias Advisory Group in Gadsden, Ala. “It is causing the small-business owner to have to get creative with finding sources of capital.’

The following article suggestions some sources of funding available, including traditional bank loans, government loans, loans from family and friends, your home, credit cards, a partner, etc.  Read the full article HERE




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