Debt financing is probably the most common way to finance your business. You take out a loan and agree to pay it back over a certain amount of time. The lender charges interest and makes a profit that way. The most common business lenders are the following: Commercial banks. If you do business with a bank, you can stop in and ask how to get a business loan. Small Business Administration. The SBA technically doesn't make loans, but it will guarantee loans for small businesses. This means if you default, then the SBA will cover the loan. Whether your business qualifies as "small" will depend on your industry. Online lenders. Generally, online lenders have looser lending standards and won't require that you pledge collateral. However, you'll need to make sure the lender is reputable by checking with the Better Business Bureau and a local consumer protection agency. A lender will need to analyze your business' finances before extending a loan. Collect the following paperwork, which most lenders require: resumes for all owners and managers business plan personal and business tax returns for the past three years personal and business credit reports personal and business bank statements accounts receivable and accounts payable business licenses articles of incorporation or organization commercial leases You'll also need to submit financial reports to most lenders. Make sure you have created the following and that the information is updated: Signed personal financial statements from any significant owner of the business. Generally, you'll need a personal financial statement from anyone who owns more than 20% of the business. Balance sheet for the business. This is the snapshot of your business and contains information about assets, liabilities, and owner's equity. Income statement. This document shows your business' profitability during a specific period of time. Cash flow analysis. Unless your business is established, a bank won't lend to the business. Instead, they will lend based on your personal credit history. Review your credit history and clean up any errors before applying for loans. Common errors include inaccurate balances, wrong credit limits, and accounts listed inaccurately as in default or collections. Dispute errors online or by writing a letter to the credit bureau that has the error. The Federal Trade Commission has a sample letter you can use. It might be easier to get a secured loan that is backed up with assets pledged as collateral. If you default on the loan, then your lender can seize the assets. Because of this added protection, banks might require collateral if you don't have an established credit history. You can pledge a variety of assets as collateral. For example, you can pledge your vehicle, home, equipment, or other assets. Talk to banks about their specific requirements. Fully document the condition and value of your collateral. For example, you may need to have your collateral appraised. After you submit an application, the lender should decide whether to approve you. Generally, it takes two to four weeks to hear back. If you applied to more than one lender, then you should compare the loan details: Interest rate. Find out what percent will be charged annually on the loan. Fees. You may have to pay an origination fee or other fees. Read the fine print to find out the fees charged. Prepayment penalty. If you want to pay off your loan early, then some lenders might hit you with a fee for the privilege. Length of repayment. Check how long you have to repay the loan. Generally, the longer the loan, the less you will pay each month. However, the total amount you pay will be higher. Provide all requested information and double check that it is accurate. If you have questions, contact the lending officer you have been working with. Submit your application with all supporting documentation and keep a copy for your records.

Summary: Identify business lenders. Gather necessary paperwork. Update your financial reports. Review your credit history. Find collateral to pledge. Compare loans. Submit your application.

You should water the lavender plant in the pot you bought it in, at least an hour before planting. This will ensure that the roots are hydrated, but not damp, before going into the soil. Use a trowel to dig a hole in the location you have chosen for your lavender. The hole should just be deep enough and wide enough to contain the roots when you spread them out. If you're planting the lavender in a pot or container, choose a very large pot the root system for lavender is much larger than the actual plant. Prepare the soil to receive the lavender and optimize its growing conditions by placing two heaped handfuls of 1-inch (2.5-cm) round stone, along with a 1/2 cup (118 mL) total of lime, well-composted manure and bone meal into the hole. Mix well, then cover this blend with a light layer of soil. The stone will help with drainage, the lime will alkalize the soil, while the bone meal and fertilizer will help to get your lavender plant off to a good start. Lightly prune your lavender before planting. This will give the plant shape, ensure good air circulation through the stems, encourage new growth, and prevent the center of the stems from becoming woody, which is a common problem with lavender. Good airflow is especially important if you live in a more humid climate. Remove the lavender plant from its nursing pot and gently shake to remove any excess soil from the roots. The lavender should be planted into its new home with bare roots, to ensure it quickly and easily adapts to its new growing environment. Carefully place the lavender plant into its prepared spot and rest it on a layer of soil slightly above the stone blend you mixed earlier. Make sure the roots do not come in direct contact with the blend. Fill in any extra space around and above the lavender's roots with soil, lightly patting it into place around the base of the stems. If you're planting more than one lavender plant, leave about 36 inches (91.4cm) between each plant. This will guarantee good air circulation and allow the lavender space to grow.

Summary: Water lavender in its nursery pot before planting. Dig a hole big enough for the spread roots. Prepare the soil. Prune the lavender. Prepare the roots. Plant the lavender.

Before completing a PhD program you will need to get into college and complete a bachelor's degree. Having a high grade point average and graduating from a highly ranked school will help your chances of getting into a PhD program, and thus getting a lecturer position. If you want to go on to a graduate program after your undergrad, you should focus on being a good student and getting good grades while you are completing your bachelor's degree. In order to become a university lecturer in the UK, you first need to get into a PhD program. Most lecturing posts in good universities in academic subjects (including the arts, humanities, and sciences) require a PhD as a minimum requirement. To get into most PhD programs, you will need to fill out an application, write a cover letter, and supply a sample of your writing or research. In some cases you will also need to complete some sort of graduate school entrance testing, although this varies. Go to the most highly rated PhD program that you can. This will vastly improve the likelihood that you get a lecturer position after graduate school. Two of the key entrance exams used for PhD admission are the Graduate Record Examination (GRE) and the Graduate Management Admission Test (GMAT). The Graduate Management Admission Test (GMAT) is used for a wide variety of graduate programs. The Graduate Management Admission Test (GMAT) is used for Phd programs in business and management. Taking graduate school entrance exams is much more common in the United States, but it may be required for specific schools or specific programs elsewhere. Check with the school you are applying to to see if it is required for admission. You will likely need to dedicate at least ten years of your life to academic study. Part of your time in a PhD program is used to complete coursework, meaning classes you take with professors. The number of classes of coursework you need to take for your PhD program will be determined by your specific program. A PhD program typically includes the completion of a dissertation, especially if you are working in the Humanities or Social Sciences. This project will need to demonstrate not only that you are familiar with the entire field associated with your project, but must also make a new contribution to existing knowledge in the area. You do not have to develop a new drug or make a new discovery about Shakespeare, but you do have to research an original topic, come up with a new framework for thinking about your chosen area, or put together existing materials in fresh and exciting ways.
Summary: Complete an undergraduate degree. Apply to a PhD program. Complete your PhD program coursework. Complete a dissertation or original research.