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1. Briefly outline your plans or plans you would consider for securing the necessary financing for your business idea; be spe

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Answer #1

Get A Bank Loan: Lending for a new business has improved all over the world. And lending standards have gotten much stricter. But J.P.Morgan Chase and Bank of America have earmarked additional funds for small business lending.

Credit Cards: Using a credit card is also an idea. But it's costly and riskier because the interest rate goes upto 36%. And your credit score will be whacked.

Crowd Funding: A crowdfunding site like Kickstarter.com are often a fun and effective thanks to raise money for a comparatively low cost, creative project. You'll set a goal for a way money you want to boost over a period of your time , say, $1,500 over 40 days. Your friends, family, and strangers then use the location to pledge money. Kickstarter has funded roughly 1,000 projects, from rock albums to documentary films since its launch last year.

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