Get Business Loans From Local Sources

MANY CITIES AND STATES OFFER BUSINESS LOANS of various types. But Beginning Wealth Builder (BWB's) are often unaware of such loans because:

1. Loan availability is not well publicized because os small budgets for advertising

2. Managers of the loan programs assume that the word will get out because their offer is so good



YOU CAN OVERCOME THIS LACK OF INFORMATION by taking some simple steps in your area. These steps are:

1. Look in your state and city tlephone listings for a Small Business Development Company (SBDC) in your area or elsewhere in the state

2. Call, or write, the SBDC telling them that you need a business or real estate loan for your new business; ask who you should contact for the loan

3. Contact the person or organization whose name you're given in Step 2. Ask what is needed from you to qualify for the loan you need. You will probably be asked for a short business plan.

4. If a business plan is needed--as it most probably will be--ask for help in its preparation. Many SBDCs offer free help in writing your business plan. All you need do is supply the facts and figures.

5. Prepare your loan application, using the free advice from the SBDC. They will even type the loan application for you because they want to see you get your loan. Follow the SBDCs advice on what to include in your loan application--these people know what they're doing!



CITY AND STATE LOANS OFFER YOU A WIDE CHOICE of options. Thus, in one city the following businessfinance offers are available:

*Business startup loans for a variety of different types of businesses useful the community--such as a child-care facility, health clubs, high-tech firms. Loans can be small (microloan) $5,000 to large--$300,000 depending on the needs of the business or real estate

*Venture capital for businesses that promise fast growth in the area--such as computer and electronics companies with promising futures

*Equity funds--that is money invested in a company in the form of stock purchases--money that never need be repaid to the investors.

*Grants for businesses that help the local area with better housing, more medical care, presentation of programs on the arts--theatre, literature, etc.



ALL THIS HELP IS AS CLOSE TO YOU AS YOUR PHONE BOOK. A simple, single call can put you on the road to the money you need for business or income real estate. Typical loans range from $5,000 to $300,000; typical venture capital can run from $500,000 to $3,000,000 per business. So get started NOW!