There are several options available for obtaining money to start a new business or expand an existing one.
Most businesses begin with the owner s own capital or loans from friends and family.
Some are successful in obtaining bank financing or using a government sponsored loan program. Regardless of the path you choose, it is wise to take time out to put together a credible business plan. Unsecured credit is obtained without the borrower s pledge of specific assets to serve as collateral. A short-term, unsecured transaction loan is a direct, single payment financing arrangement with a bank. The maturity on this type of loan is usually between one and six months, but may extend up to a year.