Asked by sopanha  |  Submitted November 09, 2014

Now I have a good idea of doing business. Should I borrow some money from the bank?

Or something else like start working but I cannot wait .

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  Answers  |  1

November 11, 2014

It depends on your finances, capital needs of your line of business and your business plan. (You have written up a precise business plan, havent you?) Contact your local Small Business Adminstration office which can provide a vast array of general business resources, templates and checklists.

You can find more info in this MoneyTips article on business loans. http://www.moneytips.com/understanding-your-business-loan-options.

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