Question:

What is the best way to obtain capital when starting a first time small business?

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I have written a business plan, I have contacted the SBA but I am still unsure what the next step in the process of obtaining financing and actually getting the ball rolling to starting my small business (a Private School).

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  1. most people use their own money, get friends or family to invest or loan them money


  2. Goodness I wanted to start a school, until I hit many barriers.

    Have you researched the licensing, insurance expenses, and such for your business plan? If I'm not mistaken, I was told to start that process to see if I would be able to even obtain a license before they considered a loan.  However, I'm in a different states so the laws and criteria may be different.

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