Options for Financing Your New Business
Gary Van Sistine, Business Intermediary
Private parties / investors
Local “micro loan” programs
Start-up SBA loans
Working capital loans
Building and improvement loans
Any combination of the above could make your plan come together. It takes some time and effort to learn about and understand each of these loan opportunities, but it’s well worth it. Of course, you have to be prepared with some essentials, including your personal credit score details. Next, you need to prepare and have ready a make-sense business plan (there are many examples on-line or contact SCORE in your community). Business plans will include documentation like financial statements and revenue forecast for your start-up.