Business expenses: options when the banks look the other way

Payroll, insurance, taxes, and hundreds of unforeseen expenses can be challenging for any business.

When banks aren’t willing to support your business by providing the cash flow required, you may have more financial flexibility to operate your business than you realize.

A home equity loan, secured against the equity in your home, may provide the support you need.

If you’re interested in a home equity loan to finance your small business, there are really 3 steps:

  1. Determine the equity in your home
  2. Prepare to apply for a loan
  3. Contact a licensed professional – and apply (either through the licensed professional, or through a licensed lender)

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