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How can I start my own business?

How can I borrow some money to start a small business?

  • I think that I have good idea in Stationery & gift business in Bangladesh as I have been involved in this business since 10 years. I am running this business as a Manager. But I independenly execute this business. As my salary is low, I like to do this business. I do not get any financial support from my family as we are very poor. Please advice me how to start business borrowing money. I need a source. We need at least US$10,000 to run the business smoothly. Hopefully I like to return this amount within 3 years. Please show me a way. Shuhan [email protected]

  • Answer:

    borrow from you relative, interest-free debt

Shuhan at Yahoo! Answers Visit the source

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You could go to a bank. You could try the SBA. http://www.sba.gov You need to have a business plan, and have that all prepared because changes are they will want to see it.

tiravellian

a bank

got_deam_munalla

Depending where you live there may be a non for profit organization geared to helping start up business. Where I live which is In Vegas, There is such group.I think they call it the Micro business something or other. But they offer training in how to find funding for small start ups, how to be prepared in origination,finances and everything related. Check with your local chamber of commerce they may know of such organizations. Check with the "US. dept of commerce". There are thousands of loans and grants out there for Micro business. If your a minority there grants for that,if your a female there are grants for that, if you under a certain income level there is help for that too.

Carl

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