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5 Ways To Get Working Capital For Your Business

Small Business News and Opportunities | Solopreneurs

Companies seeking working capital can use five strategies: 1) Established businesses can secure loans from traditional lenders, providing business and personal financial information. 2) Businesses operating for two years or more can access Small Business Administration (SBA) loan programs, particularly beneficial for women and minority-owned businesses. 3) Businesses operating for a year or more can utilize online lenders like Paypal, which offer working capital programs. 4) New businesses can use personal credit for funding, but should avoid large debts. 5) Businesses can explore new financial opportunities like crowdfunding, microloan websites, or borrowing from friends and family. Smart, sustainable borrowing is key.

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