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One of the things that is quite challenging to find these days is where to get a quality business line of credit for start ups. Getting credit for a start up business is certainly not as easy as it used to be, but if you play your cards right you will not have much difficulty locating whatever it is that you need to get.
With regard to lenders, the best kinds of lenders to look for that will offer you a business line of credit for start ups will be small banks and credit unions.  These organizations are much better than big corporate banks for a number of reasons.  First, they hire representatives that will actually listen to you, and won’t be burdened by the excessive rules and regulations that the corporate banks follow.  Secondly, they will usually offer loans at a much lower interest rate than the big banks, as they have less overhead and advertising to pay for (in fact, in the case of credit unions, they do not even have a profit margin to make, and the savings is passed on to you again!)  Thirdly, they’re just nicer to deal with.  Most people prefer the easy support of their local bank to the extremely detached networking of the big corporate structure.
You may also want to consider the SBA.  Government loans are excellent for a wide range of people, especially including minorities, women, veterans, the disabled, and green enterprises.  They are also a surprisingly solvent organization, and have little difficulty maintaining the funding that is necessary to buy property or business.
Finally, you may also want to tack P2P lending on your radar as well.  P2P lending may sound daunting to a start-up business, but it is a very common method, and it should be pretty easy to find options that you can’t find in other avenues.  It has always been one of the best avenues to get a business line of credit for start ups, and that hasn’t changed a bit.  Be sure to check out for the resources you need to get your transaction conducted in a safe and businesslike manner.

This Business article was written by Mark Karavan on 3/21/2010