When trying to find a source of capital to finance a home based business start up most people can get stuck. Banks have a few programs that deal with start up businesses.
Most of them rely on SBA (Small Business Administration) money to lend to their clients. The problem is the SBA does not lend on businesses that are home based. Most of the time they don’t even consider them a real business unless you have a track record of success.
Showing the bank income projections or the past success of previous owners will not help. There are programs out there that are strictly for home based business financing. These programs will help with such home based business costs like computers, inventory, web design, consulting fees, special licenses etc.
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