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Summary: Financing a new business can be done by applying for a conventional commercial real estate loan or by going through community development agencies. Businesses seek financing to start up or expand, and information is easier to find with advice from a certified public accountant in this free video on new business financing.
Amber Hill is a certified public accountant and a partner in several small businesses that she started from the ground up. Hill has worked as a city financial director, written...read more
"Our topic today is how to finance a new business. There are a number of reasons that one will be looking at financing a business. The first is to start one up, the second is to expand on a current endeavor and the third is to simply acquire something new. There are multiple methods for doing this. One is your conventional commercial real estate loan or otherwise collateralized real -- bank loan, another is a private investor, a third is a joint venture. The SBDCs or Small Business Development Centers in your area may have some technical assistance for helping you get in touch with the right kind of financing agent. There are also agencies called commercial development, no, community development centers. And, what they do is they provide a gap, financing for the gap between conventional financing and the needs special to our local communities."
eHow Article: Financing a New Business