Finding Money (To Start)

  • Posted by Ashley Panter
  • On August 21, 2015
How do I know how much money I need? Monetary needs are generally determined by adding the amount of money needed for upfront costs such as buildings, equipment, inventory, etc. to the expected operating expenses for a period of time, such as six months or a year. These operating expenses should cover the owner’s salary […]
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Finding Money (Minority)

  • Posted by Marketing Intern
  • On January 21, 2015
Do certain groups get preferences on government lending programs? No. Eligibility to qualify for an SBA-guaranteed loan is based on size standards and must be a for-profit business. However, the SBA Community Express loan program targets businesses owned by minorities, women and veterans. I’ve heard that foreign nationals get free money to start a business. […]
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Finding Money (for Growth)

  • Posted by Marketing Intern
  • On January 15, 2015
How do I know how much money I will need? Funding needs are usually determined by adding the amount of money needed to cover one-time startup costs including buildings, leasehold improvements, equipment, inventory and working capital for expected operating expenses. For additional information, contact your local SBDC. How do I get a loan? Lending institutions […]
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