The truth about startup financing: Know your options and do your homework to get the funding you need for your business.
The difference between a startup that succeeds and one that fails largely comes down to money. No matter how great the idea or how high the customer demand, new businesses stumble when they don't get enough financial support.
Financing may be your greatest source of stress as you start your business, but the chase for dollars isn't always the ordeal some entrepreneurs expect. The simplicity of the process might even surprise you. Kym A. Nelson, 37, applied for a business loan from National City Corp. over the phone. "It was easy," says Nelson, who started The Furry Beastro, a dog bakery, grooming and pet-accessories shop in Chicago, in 2003.
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