How to Get Small Business Start up Loans

Small business start up loans can make your dream come true

There are legitimate small business start up loans available right now regardless of the economy. Even if your bank has turned you down and scams promoting "business grants" have turned out to be, well, scams, this eHow article shows how and where to get authentic small business start up loans.

Difficulty:

Moderate

Instructions

1. Find microenterprise development programs in your state at the Association for Enterprise Opportunity. The AEO will help lead to local programs that support small businesses that need initial small business start up loans of $35,000 and under with five or less employees. Along with capital for small business start up loans, they may also offer business training, technical assistance, technical training and access to markets. The website is microenterpriseworks.org

2. If you live in Nebraska, you can also go to the Nebraska Enterprise Fund at nebbiz.org

3. Find small business start up loans through the Small Business Administration (SBA). Many incorrect rumors have been started about supposed funds handed out by the SBA, but there are legitimate financing programs through them. Go to sba.gov, click "services," then "SBA loans," then "micro loans," then scroll to "SBA microloan intermediaries"

4. For those seeking small business start up loans related to garden businesses, urban agriculture, small or micro farming, or rural small businesses check with your local agriculture extension agent to see if there are unpublicized loans or grants for business programs in your area. For example, in New York, select people with rural land were given grants to start hospitality small businesses on their property related to agritourism. Money was given to upgrade buildings and parking. Go to csrees.usda.gov/extension to find the cooperative extension in your area. For more extensive information on small farm loans, go to www.MicroEcoFarming.com (see link in Resources below).

5. Obtain mentoring to secure your loan. Once people find appropriate small business start up loans, they need to "get" them by applying properly and being accepted. If you want a free experienced business mentor to help you create a business plan or whatever the small business start up loans require from you, go to score.org where you can choose a mentor who will guide you at no cost, and you can also take free online tutorials to help your business succeed.

Tips & Warnings

• This article is not giving legal or financial advice, the author is not an attorney or a financial professional. Author disclaims liability and offers article for educational purposes only. Parents are responsible for any activities involving their children. Author's articles are registered with the national copyright office and protected with Copyscape

Resources

• Article on Farmers Loans