I was researching business networking contacts and I came across this site for business loans called Where's the Money in LA? http://www.wheresthemoneyinla.com/. I accessed the site through the web site of the Valley Economic Development Council which is located in the populous San Fernando Valley.
Where's the Money in LA features many different types of business loans available from the federal level to the local level.
An interesting site. But a word of caution. Even if you take out a low-interest business loan with favorable repayment terms make sure you have a solid business plan, a demand for your product or service, and at least a few clients now allowing you to break even. That reduces your risk of getting caught in a business turn down and not being able to repay the loan.
No comments:
Post a Comment