Back to SMALL BUSINESS News ListDo you want to know how to start a b small business bAre you anxious to find out how to start a small business of your own? Well hey, there’s no time like the present. It’s not like you have to drop your day job to get started. Do some basic recon work concerning the kind of business you ...
Some small businesses are further financed through credit card debt - usually a poor choice, given that the interest rate on credit cards is often several times the rate that would be paid on a line of credit or bank loan. Many owners seek a bank loan in the name of their business, however banks will usually insist on a personal guarantee by the business owner. In the United States, the
Small Business Administration (SBA) runs several loan programs that may
help a small business secure loans. In these programs, the SBA guarantees a
portion of the loan to the issuing bank and thus relieves the bank of some of
the risk of extending the loan to a small business. |