Financing your business is often dependent on having a sound business plan that identifies start-up capital needs and cash flow requirements. Once this information is in hand, your next step is to find out which financing options are best for you and to contact those resources regarding any financial assistance that may be available for your business.
Most financing sources are determined by the following:
Your vision, presentation, negotiation skills and marketing strategy
The amount of funding you need and how you plan to use it
Your personal financial history and current financial condition
The type and amount of collateral you have
Your skills, expertise and ability to manage the type of business you plan to create