Many local banks are open to finance new businesses since doing so may improve the local economy and increase their clientele. Research to identify banks that offer small business loans, and take note of requirements and specifications. Obtaining a loan from private entities may be an option. The business owner will have to meet with the appropriate individual to see if they are a candidate. There may also be government guaranteed loans available for small businesses. Contact your Small Business Association or Small Business Development Center to obtain details about these programs.
Posted on: Mon, 19 Aug 2013 19:31:36 +0000