There are several sources to consider when looking for financing. It is impotant to consider all of you options before making a decision. Often money is loaned interest free, or at low interest rate which can be beneficial when getting started. It is often said that small business people have a difficult time borowing money. This is necessarily true.
Banks make money by lending money.
However, the inexperience of small business owners in financial matters often prompts many banks to deny loan requests. To be succesful in obtaining a loan, you must be prepared and organized. You must know exactly how much money you need, why you need it and how you can pay it back. You must be able to convince your lender that you are a good credit risk. Requesting a loan when you are not properly prepared sends a signal to your lender.