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Many small businesses are started every year and unfortunately, many of them fail within a few years. For some of them it is a matter of not having enough capital to get them through the first year or so when very few businesses show a profit.  The solution to this problem is to get a good small business start up loan that will provide the business with everything it needs to get going and to continue to pay overheard until it starts making money.


It is not as hard to get a small business start up loan as it used to be because there are more lenders then ever before and there is a lot of competition among these lenders. Of course, a business that is able to put up collateral such as real estate or inventory to secure the loan can get the loan easier at a better interest rate. However, any entrepreneur with a good solid business plan can usually find a lender to make a small business start up loan.


The key for someone starting a business is to have a good analysis done of exactly how much money will be needed in the small business start up loan. This includes estimating the costs of materials and supplies, equipment, inventory and labor among other things.


Once these estimates are made, an additional amount should be figured in for unexpected problems like having the business temporarily interrupted due to a natural disaster or other occurrence. It’s always a good idea to get expert advice to help in this process to make sure that everything is lined up properly.

This Entrepreneurship article was written by Jerry Travers on 11/1/2007

Jerry Travers is a Business Professional With 17 Years Experience.