How to get funding?

[julien515]

There's a business I wan't to start but i'm going to need funding or a loan to get it started. what are the first steps i should take in order to go about raising money for my business.

[daveb1]

The first step you want to take is to create a business plan. You have to show you are serious about your business and that it is a viable idea and this one way to do so. You may also want to speak to a few different loan specialists just to get a feel for the industry and the type of questions you may be facing. Another idea is to invest a little of your own money or try and find a friend or family member willing to do so so that you can begin to build the base of your business which can help attract investors as well as letting you know if your idea will even work or not. You may also want to look at some creative funding options like crowdsourcing. A lot of times it will depend on what type of business you will be starting and how much assets you currently have. Even things like credit score and past can play a role. What type of business do you plan to start?

[julien515]

It's a loan business