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We have had a lot of people asking us how to get a business loan with bad credit as the recession put a hurt on their credit score for a variety of reasons.  To make matters worse, banks have tightened their standards on lending and the primary factors today in getting a small business loan is credit

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USDA B&I Guarantee

Similar to the SBA loan guarantee,the USDA (United States Department of Agriculture) also provides a loan guarantee for small businesses called the B&I or Business & Industry loan guarantee.  As one may imagine this program is more for businesses in rural areas, which by USDA standards is a city or town with fewer than 50,000

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Crowdfunding

Crowdfunding is a form of financing a business through the collective effort of friends, family, customers, and individual investors. Several web based platforms provide an easy way for an entrepreneur reach a wide audience with their product and essentially presell their product.   The traditional model to get financing for a business is you develop

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Grants

There are a lot of advertisements for free grant money for businesses and for 99.9% of businesses this is not true!  Yes there are some grant funds, but they tend to be for science & technology companies (SBIR/STTR).  Sometimes there will be agriculture, tourism, recycling or energy improvement grants that primarily come from states.   Last

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Home Equity

Another way to raise funds for a business you own a home are home equity loans.  Many people will react by saying, “I don’t want to risk our home” but if you own a home with equity the bank will probably ask for a lien in order to make the loan.  In either case your

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