How do I obtain financing for starting a business or expanding an existing business?
Typically, financing for small businesses comes from traditional lenders. The SBDC will assist in the process but does not provide loans. Your ability to obtain financing from lenders will be based on: • The strength of the business idea • A complete and comprehensive business plan • Collateral • Down payment (or equity) • Clean personal credit history and positive financial net worth • Management ability • Sufficient cash flow to meet expenses and repay the debt The SBDC will assist in the process but does not provide loans.
