3) Consider all options

When you need to get a business loan, there are several options available to you. The most obvious route is to visit your local bank and apply in person; however, that might not be your best bet. If a traditional bank won’t give you what you need, don’t lose hope! 

Many other financial institutions will offer loans at competitive rates—you just have to know where to look. For example, peer-to-peer lending sites like Finance Hub can help you find an individual who’s willing to lend you money with a lower interest rate than a bank would charge. 


It’s also worth looking into funding websites like Kickstarter or GoFundMe; if people believe in your idea enough to fund it ahead of time, they may also be willing to lend you money once it becomes profitable.

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