Getting financing for a new venture is never easy, and finding funding for a home-based sole proprietorship business is even harder. But the Small Business Administration (SBA) has made it much easier for home-based businesses to find the financing they need. If your business loan application has been turned down by your bank, don’t despair. You may be able to find funding for your business through the SBA’s numerous funding options.
The SBA offers three distinct types of financing for small businesses. Study them carefully to make sure you’re applying for the loan best suited to your business.
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