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    1 Reply Latest reply on May 18, 2010 12:38 PM by phanio

    Financing Options

    Eyeman14 Newbie

      I am in the process of moving my optical business to a new location and need advice on financing options. I will need $150,000 for build-out and start-up costs. I have excellent credit and I am considering a business loan, equity line of credit, or a home equity loan. Which is the best option?
        • Re: Financing Options
          phanio Pioneer
          There are several optiosn for you. First, have you tried talking with the landlord - many property owners are struggling to rent/lease property and are willing to build out as well as work favorable deals for a long-term contract.

          Second, there are numerous loan programs that might be able to help you from SBA guaranteed loans to non-bank private lenders (easier to get approved). We list several resources on our web site.

          Lastly, you might even consider using business assets like accounts receivables or credit card sales for the cash you need.

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