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Step 1
Fund your business yourself. Most entrepreneurs start their businesses with their own capital. If you have enough money to do this then this is a great option for you. You will not have to borrow any money and be forced to pay interest. You will also not be tied down by monthly payments if you borrow money.
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Step 2
Go to your local bank or credit union. The most popular source for small business funding is through loans. SBA Loans (Small Business Administration Loan) are a great way to fund your budding business. The access to capital is one of the most important steps to a successful business.
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Step 3
Borrow from friends, family or angel investors. Your friends and family are a great source of funding for your small business. Most of the time, money borrowed from friends and family is interest free. Angel investors are private individuals who invest money in the beginning stages of company development. Angel investors expect their money to grow over time so make sure that you have a well designed business plan to show to them when you inquire about borrowing money.
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Step 4
If you are unable to borrow money from the above sources, Government grants are a great way to secure funding for a small business. Go to Grants.gov to begin searching for government grants.
