When you plan to start an online business directory, you have to consider how you will finance the business. Before you attempt to secure financing, you have to figure out how much money you will need. This includes a practical assessment of cash flow and other expenditures that will come up as your directory becomes established and you start generating revenue. Once you have the amount of money you will need, you must then start looking for a source of funding. Below are a number of tips on how to secure financing for an online business directory.
1. One place you can secure financing is the Small Business Administration (SBA). They provide many loan programs to help small businesses. The SBA is mainly a guarantor of loans made by private institutions and other associations. As well, The Service Corps of Retired Executives (SCORE) is a volunteer management support program of the SBA that gives seminars, counseling, and workshops, on funding.