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Understanding the Basics

Have you thought about how you are going to fund your business? When considering financing options, it's a good idea to have an understanding of your financing needs as well as the types of options that available to help you start and sustain your business. In this section, SBA will help you assess the costs associated with start up and growth, the pros and cons of using your business versus your personal finances, the types of financing that exist, and the factors that banks evaluate when reviewing loan applications. We'll even help you to determine if your business may be eligible for SBA assistance programs.

Borrowing Money
Borrowing money is one of the most common sources of funding for a small business, but obtaining a loan isn't always easy. Before you approach a lender for a loan, it is a good idea to understand as much as you can about the ...

Using Business vs. Personal Finances
Starting up a business can be a tremendous strain on your personal finances. It can take six months or more before your new venture is profitable and can provide financial support for you and your family. Before going into a ...

Estimating Startup Costs
If you are planning to launch a business venture, it is vitally important to know that you will have enough money to keep it afloat. Every business is different, and has its own specific cash needs at different stages of ...

Financial Statements
Understanding financial statements is essential to the success of a small business. Financial statements can be used as a roadmap on your business journey to economic success. Using numbers as navigation aids can steer you in the ...

Businesses Eligible & Ineligible For SBA Assistance
While the vast majority of businesses are eligible for financial assistance from the SBA, some are not. In general, applicant businesses must: Operate for profit Be engaged in, or propose to do business ...

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