They will also take their time exploring every aspect and detail of your business. Finally, if things don't go as projected, you could lose your company. While grants are free money, loans are secured by business and personal assets. Finally, there are lending limits. Your financial institution.
Many people mistakenly believe that their credit union or bank is only a source for personal funds.
However, you may be eligible for financing under a number of options. Very often, only a signature loan is required. Contact your lender and set up a line of credit that can be tapped instantly when needed. The key is to establish a working relationship with your commercial lender in advance. That way, when you need capital, it will be available quickly.