How and Where to Borrow Money

Enlisting a financial partner can be a good move if you get a contract up front explaining in detail HOW the partner is to be paid, whether monthly through payments and maybe a small percentage of profit or whether the partner is going to front all of the money for no “payback” payments and instead draw 50% of the profits. However you can agree upon, be sure to GET IT IN WRITING, so that there are no misunderstandings later…

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Women Business Owners realize that applying for business funding or financing is a much more complicated process than applying for personal lines of credit or personal loans. Applying for business funding requires careful preparation and demands that you understand the loan or grant process and what it takes to qualify for a business loan.



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