Raising Capital for Home-Based Business Takes Extra Work

Home-based businesses can face some obstacles when it comes time to secure capital, in part due to pre-conceived beliefs of some bankers that most home businesses offer little credibility and even less collateral to offer. To overcome the difficulties in securing capital funding, it's even more important for home-based business owners to work extra hard on their business plan. Your financial application needs to overprove your case for being able to put the money to good use to assure bankers a return on their investment. It doesn't hurt to include copies of signed contracts or letters of intent from customers when submitting your application, and, in some cases, a floor plan of your home office may even help you get the business capital you need.

• Business Plan Basics
• Managing Your Money
• Home Business Resources
• Know Your Competitive Advantage