What to do when you can’t get a loan from anywhere

Sometimes, no matter how prepared you are, how good your presentation is, how well you know your stuff and how persistent you have been, things won’t go as hoped. Don’t get mad; get creative. As long as your business idea is viable (and this may be a good time to double-check that yes, indeed, it IS viable), you should be able to find funding somewhere. Just be sure to keep researching opportunities, and to keep a clear and up-to-date business plan.

Once you’ve tried the banks, why not try your wealthy friends? No, this isn’t a joke. Many small business owners have raised money for their businesses by offering competitive interest rates to friends and acquaintances capable of providing loans. Remember, money talks!