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Where can I find Start-up capital for my business ? |
We desperately need start up funds. We have a business plan and market research that is 2 years in the making. I have Incorporated, but can barely pay my personal bills, let alone fund my business. my have some great innovative ideas and are certain it will be profitable, quickly. Honey, dont fret!! Go to your future customers - try local bike clubs. Also check the chamber of commerce where you want to start the business if they have small business loans available or go to a bank and get a loan. I think you need investors for your corporation. Unfortunately, their attention can be hard to get, so I would recommend making a business plan and some financial projections - otherwise, they won't listen to you!! However, if both of those things are good, investors should be happy to hand over their money to you. SBA, Banks, and the lottery How much do you need? To get started, I suggest contacting the Small Business Administration Financing Page (SBA) 鈥?links below. Entrepreneur also offers a great site dedicated to money & finance 鈥?see below. You can probably find some SBA loans, but the disadvantage to these are the length of time it takes to secure them. I am assuming you have already tried friends and family as sources of funding to no avail. best place to start a buisness is in new york or Philidelphia. |
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