Five Options for Business Funding in 2009, Part 1

If you’re considering starting a business in 2009, you’re probably wondering how the heck you’ll finance it. Raising start-up capital has always been a challenge, but the downturn has made a hard process harder.

Some 85% of banks have tightened standards on small business loans over the past three months, according to the Federal Reserve. Plus, home-equity lines are being frozen and credit-card limits are being slashed.

To finance a start-up today, “prepare a good business plan with revenue projections for the current economic climate,” says Eric Zarnikow, director of capital access for the Small Business Administration (SBA). Then expect to hit up several sources…

This is the first of multiple posts regarding options available in businesses funding. Some are better than others and Financing.org can assist your business even if you are a startup. Our Financing programs can help you from the early days of your business, and don’t require you to bring two years or more of business operations and financials to the table.
Give us a call at 800-924-7298 to fund from $25k to $250k or more.

Click here to read more on funding options for your business.

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