Alternate Sources of Financing - Micro-financing 101
Are you seeking lender financing and have been turned down by traditional lending sources? Many start-ups face this challenge. However, the use of micro-financing as a vehicle to fund small business needs may be the solution. Typically, the maximum micro-loan amount is $50,000 and these loans are offered to small businesses that lack access to banking and related services due to the high transaction costs associated with serving these client categories.
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