sites to apply for a business loan?

Answer 1

Listed are various funders of businesses. Good Luck!

Angel Investors


An angel investor (known as a "business angel" in Europe, or simply an "angel") is an affluent individual who provides capital for a business start-up, usually in exchange for ownership equity. Unlike venture capitalists, angels typically do not manage the pooled money of others in a professionally-managed fund. However, angel investors often organize themselves into angel networks or angel groups to share research and pool their own investment capital.

Angel capital fills the gap in start-up financing between the "three F"s (friends, family, and fools) and venture capital. While it is usually difficult to raise more than US$100,000 - US$200,000 from friends and family, most venture capital funds will not consider investments under US$1 - 2 million. Thus, angel investment is a common second round of financing for high-growth start-ups, and accounts in total for more money invested annually than all venture capital funds combined (US$24 billion vs. $22 billion in the US in 2004, according to the University of New Hampshire's Center for Venture Research).

Angel investments bear extremely high risk, and thus require a very high return on investment. Because a large percentage of angel investments are lost completely when early stage companies fail, professional angel investors seek investments that have the potential to return at least 10 or more times their original investment within 5 years, through a defined exit strategy, such as plans for an initial public offering or an acquisition. After taking into account the need to cover failed investments and the multi-year holding time for even the successful ones, a typical successful portfolio of angel investments might result in an Internal rate of return of 20-30%. While the investor's need for high rates of return on any given investment can thus make angel financing an expensive source of funds, cheaper sources of capital, such as bank financing, are usually not available for most early-stage ventures.

Angel investors are often retired business owners or executives, who may be interested in angel investing for other reasons in addition to pure monetary return. These include wanting to keep abreast of current developments in a particular business arena, mentoring another generation of entrepreneurs, and making use of their experience and networks on a less-than-full-time basis. Thus, in addition to funds, angel investors can often provide valuable management advice and important contacts

http://www.vfinance.com/

https://www.gensx.com/Public/RaiseMoney.ghtml

http://www.inc.com/articles/2001/09/23461.html

http://www.fundinguniverse.com/

http://businessfundingtoday.com/

http://www.newyorkinvestmentnetwork.com/home

http://www.californiainvestmentnetwork.com/entrepreneur

http://www.fundingpost.com/entre/entsignupA1.asp?refer=ggl-MIS-angel-1a

http://www.business-advance.com/lp/angel-investor.php?gclid=CJO_qPC6-YkCFQLYYgodJx1hWA

http://angel-investor-guide.com/?gclid=CLHpgIK7-YkCFQMRYQodyTE4PQ

If those don't meet your needs, this website will give you more creditable sources for your funding needs.

http://www.entrepreneur.com/money/howtoguide/article52742.html

http://www.angel-investor-news.com/


If your funding needs are under $35,000. Then your local microenterprise organization can meet your needs. The following information will assist you.


Microenterprise Defined
AEO and its members have defined microenterprise as a business with five or fewer employees requiring $35,000* or less in start-up capital. AEO estimates that there are over 20 million U.S microenterprises, which represent 17% of all private employment in the U.S. In addition, microenterprise represents a path from poverty to financial security for many low-income individuals.

* Loans of $35,000 and under are known as microloans.

Microenterprise Development Industry
The estimated 600 microenterprise development organizations (MDOs) operating in the U.S. exist to support disadvantaged entrepreneurs as they start or expand their businesses. MDOs can increase the chance of business success by bridging the gap between disadvantaged individuals and the tools they need to start and grow successful businesses. With the help of AEO services, MDOs offer business training, technical assistance, access to capital, and other services to entrepreneurs to assist them in realizing their dream of business ownership. For many low-income entrepreneurs MDOs represent the only opportunity to access the capital and business tools necessary for business start-up.

http://www.microenterpriseworks.org/index.asp?bid=282

Answer 2

Majority of your local commericial banks probably offer a link in their site where you can apply for a business loan.

Answer 3

All banks offer business loans. You can go to your bank's website and learn about the different types of loans they offer to businesses.

Some banks extend what they call "small business lines of credit" often through credit cards. Those are easier to get and can be based on your credit history alone. They typically are up to $100,000.

For example, Wachovia's has various business lines of credits http://www.wachovia.com/small_biz/page/0,,446_612_1399,00.html Their business line of credit can even be approved overnight.

Aside from banks I suggest you consider microloan providers. They typically fund up to $30K Read about the SBA Microloan Program http://www.sba.gov/financing/sbaloan/microloans.html

You can also try to get a government guaranteed small business loan through the Small Business Administration. Read their eligibility requirements and how the process works at their website http://www.sba.gov/financing

Then if you have problems with poor credit or lack of collateral (which banks and SBA require) you can try peer-to-peer lending through sites such as Prosper.com http://www.prosper.com

Answer 4

You'll find business loan information at http://www.mycreditadvise.com

Answer 5

http://www.noonecares.com

Answer 6

www.accion.org