Tips to get business start-up loans..?

Discussion in 'Starting a Business' started by williamjames732, Jun 11, 2013.

  1. williamjames732

    williamjames732
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    Hello All,

    Please share tips to get business start-up loans. Share your experience with me (If you have a business) How to get your first money to finance a business.

    Thanks
     
  2. Rocky

    Rocky
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    Where are you located? There are various sources of finance that one can use to get the initial capital for their business. Financial institutions or banks can be approached for business loan or you might look for angel investors. And if you have a novel idea then crowdsourcing could also be an option. No matter whatever source you choose to approach make sure you have a business plan ready.
     
  3. williamjames732

    williamjames732
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    Hello Rocky,

    Please can describe something for crowdsourcing..? I new for this type of financing!!
     
  4. deliah

    deliah
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    Start up loans can be difficult to get. First of all, where are you located? Different countries have different government schemes which might be applicable to you. Here in the UK, we have a scheme called funding for lending as well as a government backed schemed for young entrepreneurs (see http://www.startuploans.co.uk/ for more info, you have to be aged 18-30 at the moment). There are other sources of finance available, too, which you might like to look in to. Sources like merchant cash advances (example), crowdfunding, angel investors, etc are all alternatives.

    Hope this helps. If you let us know more about yourself and your business we can probably help further.
     
  5. williamjames732

    williamjames732
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    Thanks Deliah for your reply!! But I want to know how to get business start-up loans in the USA. And can you tell something about merchant cash advance..?
     
  6. platnumcn

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    Startup business almost everywhere follows similar policy, as it is a lender requirement. If its startup business, i believe one of the things (which I have mentioned everywhere that i have come across this startup business thing) is your own credit score and a collateral. It helps in speeding up the loan process more than anything.
     
  7. sami44

    sami44
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    Hi there,

    I'm trying to start a business of my own as well and am also a bit confused about loans and everything! But I've found this website really useful...

    I can't actually put the URL (and don't want to break any forum rules haha) but if you search Google "Thomson Local" "set up a small business" you should find the page is the first result

    Hope you find it helpful, and good luck!
     
  8. mfareed1234

    mfareed1234
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    I think taking start-up business loan is not a good idea as long as its rates are high.

    - - - - Posts Merged - - - -

    If you know a genuine website that gives you start-up business loan at low rates then you should avail it and start your business.
     
  9. davebat

    davebat
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    Any website that offer start-up business loan at low rates ?
     
  10. mfareed1234

    mfareed1234
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    There are some websites on the internet that give you so
     
  11. davebat

    davebat
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    I have found some websites that offer start-up business loan but I need small business start-up loan. I am not satisfied by the website told by "sami44".
     
  12. mfareed1234

    mfareed1234
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    It is very easy to get start-up business loan, You should visit business start up loan. You can get business startup loan from from $5,000 to $250,000 at very low rates. Visit the site for more information.
     

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