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Business Ideas Forum
Funding a business
Getting a Business Loan: Private Lenders Vs. Banks
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[QUOTE="Jasmine, post: 338089, member: 49159"] The first thing you need for a business is money. Without it, you can't get started. There are different ways to get money for your business, and one option is getting a loan. But getting a loan isn't easy. You might be able to borrow from a lender, but their fees can be really high. Private lenders might charge 2 X or even 3X of the average interest rates charged by the banks. Banks usually have lower interest rates, but getting a loan from banks is harder. You'll have to deal with a lot of paperwork. Banks also do not offer business loan if you cannot show your income source. [/QUOTE]
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Getting a Business Loan: Private Lenders Vs. Banks
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