Once your homebased business is up and running, you'll find there are more funding options available to you. Say you've been successfully marketing your company on a regional basis for two years, and you need additional funding for growth and expansion to reach national audiences. You'll find a warmer reception from traditional funding sources, provided you're prepared to look beyond your local bank. Contact the SBA (800-827-5722) or visit their Web site (http://www.sba.gov) for information on SBA-backed loans. You can also search the archives of Entrepreneur magazine (http://www.entrepreneur.com) for its annual feature on the best banks for small businesses, which includes information on banks that make the largest number of loans to small businesses.
No matter whether you have outside loans or are financing your business on your own, don't let limited funds stand in your way. I know one successful home business owner who had to borrow subway fare from her babysitter to visit her first prospect. There are all kinds of creative marketing strategies that will take your business to the next level.
Bringing Home The Business can be found at major bookstores nationwide.