If you?re looking to start your own small business, but don?t know where to go to get the financial resources you need to start, then you might consider some of these options depending on your personal situation. Government Small Business Loans ? Check with your local government agency. There are some government loans you can apply for on a local, state, and federal level to receive the money you need to start or 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. There are also geographic loans that you can apply for. Veteran Loans ? If you?re a military veteran who served in the armed forces, you may be eligible for a veteran loan to use on your small business. Visit the veteran?s chapter nearest your home and inquire about the availability and qualifying requirements for such a loan. Small Business Loans ? The Small Business Administration as the name indicates provides funding assistance to small business.
Small Business Loans ? The Small Business Administration offers loans to small business as start-up capital or as additional funding. The low interest small business loans are made available by the SBA through private financial houses as conduits.
The USDA ? The USDA caters to the needs of the agricultural sector by providing, among others, small business loans. A prospective applicant may visit the website of the USDA to inquire about the eligibility requirements and other relevant information for small business loans.
Women ? Women are the intended beneficiary of this unique small business loan. Some are offered through your state while others are offered through small business corporations, organizations and non-profits. Minorities ? This small business loan facility is exclusively for qualified members of minority groups. The MBDA coordinates their activities with minority groups in evaluating the eligibility of small business loan applicants. They also offer many tips and resources to help you get started with your business venture. Grants ? The government also give financial grants by way of private corporations and non-profit groups and various organizations. Grants are financial aid package offered for specific groups or purposes and, in most cases, subject to spending controls and restrictions. There are many small business loan resources available for almost any situation. You may even have the luxury of choosing which loan package that is most advantageous to you.
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Source: http://projetaves.org/business-management/financing-sources-for-small-business.htm
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