Capital Gains
The truth about startup financing: Know your options and do your homework to get the funding you need for your business.
By Julie Monahan •
Opinions expressed by Entrepreneur contributors are their own.
The difference between a startup that succeeds and one thatfails largely comes down to money. No matter how great the idea orhow high the customer demand, new businesses stumble when theydon't get enough financial support.
Financing may be your greatest source of stress as you startyour business, but the chase for dollars isn't always theordeal some entrepreneurs expect. The simplicity of the processmight even surprise you. Kym A. Nelson, 37, applied for a businessloan from National City Corp. over the phone. "It waseasy," says Nelson, who started The Furry Beastro, a dogbakery, grooming and pet-accessories shop in Chicago, in 2003.
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