There are small business financing resources to help you start your business but if you don’t know where to go start here with these resources.
Government Small Business Loans – Visit or call your local business library or government agency. You can apply on a local, state, and federal level to get the money you need to commence and grow your business.
You could get a small micro loan, disaster relief loan to rebuild your business from a natural disaster or a simple short term lending loan. You might even be able to get a loan based on your geography!
Veteran Loans – For those who have served in the armed forces, you may be eligible for a veteran loan to use on your small business. Check with your local veteran’s chapter to apply and see if you qualify for a loan and how much you might be able to get to use on your business.
Small Business Loans – The Small Business Administration is a nationwide operation. They are located in all states and offers small business loans and resources to those who qualify. The Small business administration deals through private financial institutions, to help you get low interest loans. In addition they have all types of resources you can tap into and you should. They have available online resources you can tap into to help you with your business, live training, free consulting, etccc You definitely have to go pay them a visit online or in person.
USDA – For those involved in produce and working the land for food purposes to be resold, in the agricultural industry, then you may qualify for a small business loan. Check out the USDA website to find all of the information you need about their small business loans and what information they need when you apply.
Women – Being a women in business or trying to start a business does not mean you have to do it alone, in fact women are responsible for a large percentage of small businesses that are in operation. There are many small business loans that cater to owners who are women. Some are offered through your state while others are offered through small business corporations, organizations and non-profits.
Minorities – For those whom are considered a minority, there are all types of programs to help you start your business. There are some small business loans provided to qualifying minority groups. The MBDA works with minority groups and evaluates their situation to determine if they can apply for a small business loan. They also offer many tips and resources to help you get started with your business venture.
Grants – The business library in your local area is an excellent area to start to tap into the grants available through the government, corporations, non-profits, and other organizations. This type of money is called free money to some. This is money that doesn’t have to be paid back, but with some grants, there are specific regulations on how the funds can be spent.
Research thoroughly all the various many small financing business financing resources available for almost any situation. Make sure you check out all of your options to see which resource will work best for your business needs.