Search for Small Business Loan Sources and receive your matched lender list
AND received FOUR free Business eBooks worth $39.95!
Search for Small Business Loan Sources

Every business is unique. No two companies will have the exact same financial needs. Before starting a scramble for business funding, it helps to think hard about the specific essentials for your company. Once you have a list in place you can then determine the best source of business financing for your operating requirements. The following inventory of needs may aid you in the process:

Office Space
Does your business need an actual facility in order to function? Starting out in your home or garage is definitely a good way to minimize your business loan needs. If you do need a separate space, can you rent or do you need to buy? A commercial real estate mortgage is an enormous investment, so be sure your company is prepared to repay the costs before applying.

Supplies and Equipment
From office computers to raw materials to inventory to machinery, there can be a vast array of required supplies in any business. For large equipment purchases, most businesses will need some type of loan, but some of the smaller supplies can be handled with business credit cards or other short-term financing.

Employees
Paying salaries to employees and fees to contractors can be one of the biggest expenses for many businesses. Ideally, revenue from your business should be able to pay for them but there are times when a company is growing rapidly and needs more employees before it has the cash on hand. In these situations, business lines of credit or small business loans can be helpful.

Licenses, Permits and Associations
Every state requires licenses and permits for each business based on size and industry. Sometimes the costs can be prohibitive. Certain industries also have major associations where membership earns you important privileges and networking. The cost of these fees can typically be handles by lines of credit or rolled into other business loans.

Operating Expenses
What are the daily financial needs of your business? Include everything from keeping the lights on to marketing expenses to legal fees for your lawyer. When your company’s normal revenues cannot keep up with your working capital needs, you may need to consider a small business loan.

Once you have resolved on what your actual business needs are, finding the right financing becomes much easier.


Search for Small Business Loan Sources and receive your matched lender list
AND received FOUR free Business eBooks worth $39.95!
Search for Small Business Loan Sources