Most entrepreneurs will have to commit some or all of the funds to start their business. Often times the entrepreneur will go to family and friends for additional funding. This type of situation should be handled carefully. Advantages to this type of financing include fewer demands on your style of management, no legal limits on amounts borrowed and more flexible terms. The time to develop the relationship is before the loan is needed.
Banks are more likely to make loans to businesses they know and with whom they have a track record.
Read about Common Types of Bank Loans . A lot of times these commercial finance institutions are more willing to take risks than traditional banks. This means that the money will cost more to borrow. There are a variety of government loans available to small business. Some of these are presented here along with links that will take you to sites that explain more about this type of financing and the best way to pursue it as an option.