Alternative Funding for Home-Based Businesses

The ideal working situation for most people is to have
freedom and flexibility in a work schedule, to undertake projects that foster
creativity, and provides an opportunity to turn a personal passion into a
lucrative business. Whether you’re into baking, insurance, cleaning services,
or consulting, turning these interests into a home-based business can create
challenges.

One of the biggest obstacles is finding working capital to
turn a dream into reality.  For those of
us without the benefit of a rich relative to invest in our venture, or a
monetary reserve saved from a previous job, the natural inclination for some entrepreneurs
is to request a small business loan from a bank.  Sure, banks have relaxed their standards somewhat when it comes to helping people finance a business, but there are
still a lot of requirements a borrower has to meet before gaining consideration
for a loan.
The uncertainty of getting financial support from banks can
seem daunting, but what most people aren’t aware of are the innovative and
exciting opportunities for merchant cash advances and other small business
loans.  With a lack of job growth over
the past few months, and an unemployment rate over six percent, many Americans
are thinking outside of the box when it comes to generating income.
By exploring their many lending options, entrepreneurs
desiring a home-based business can jump-start their enterprise in time for the
holidays.

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