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Every year thousands of new businesses start up. Doing so takes a lot of money. Even a small business idea started in a home takes some capital to get under way. Depending on the size and scope of a business, it can be funded using some creative alternative financing, or prospective owners can apply for loans for a business startup.The majority of all new startups are self-funded, or funded by friends and family. There's a reason for that. New businesses are notoriously shaky. It is also very difficult to prove the viability of an untested concept, and the potential for profits. If you have no prior business experience, a lender cannot tell if you have the skills to run a company, even if you do have background in the industry related to it, or other employment in the field. Lenders can't tell if you are going to be responsible paying your debts with a new business either. However, you may be prodded to use your own credit to back a loan if it is strong. You should seriously consider the ramifications of using your own personal credit when financing a business.Types of Business LoansIt isn't just new businesses that need money. Business owners are always looking for better ways to keep cash flow moving and to expand on their success. There are many times during the course of your business life that you will probably be looking to find a loan or other types of financing.The first type any business new and old can use effectively is a vendor account. This is one of the best and easiest types of short term loan situations that owners can use to keep supplies and stock moving. By applying to companies that you do business with regularly, whether it is for office or mechanical supplies, or products for resale, you can buy the items before you have the actual cash to purchase and pay for them in one lump sum at an agreed upon time. The usual payment terms are 30net, 60net or 90net. The number value is the number of days after each purchase that you have to pay the bill for that item. With vendor account payments, you do not have a monthly sum due, but rather have to pay for each item a certain number of days after you buy it. So if you buy different items at different times of the month you do not have to pay for them all at the end of the month, but rather as they come due.Many businesses still find it easier to keep track of a monthly payment and make payments for all purchases in a particular month at that time. While both methods can work, the only real rule is that you do keep up your net payments. If you do, you will not have to pay interest on those amounts, which is a huge savings for a business if they use a vendor account for monthly purchases.Business credit cards are another way to fund your business without a loan for operating expenses. There is more versatility with a credit card. Most can be used at any business that accepts the type of credit card you have. Make sure you check to be sure no interest is charged if you pay the entire amount in the month the purchases are made and business credit cards can equal the values of a vendor account and exceed them. The ways of getting more from your business credit card are by using the perks many of them offer for purchases such as frequent flier miles, money back on purchases, gas or hotel discounts and others. When looking for a credit card for your business, look for those that offer the types of perks you are most likely to need.Bank Loans and Venture Capital Loans for BusinessThe most well-known type of business loans are those you can get from a bank. There are several types: startup, operating expense credit lines, expansion loans for equipment or property, loans against accounts receivables, equity loans and working capital loans. Each of the types of loans has a specific purpose, so be sure you do your homework and determine the best loan for your needs. If you ask for the wrong type of loan your lender may lose faith in your knowledge of business financing. Even if they still trust your ability to run the business, your application will be denied.Venture capitalist loans are a growing method of getting money to start or run a business. Venture capitalists are also known as angel investors and are independent people or groups that like to get in on the ground floor of a potentially explosive opportunity. The good part about venture capital is that it does not usually involve a monthly payment or interest rates. The bad part is that the payment for the loan is usually either a percentage of ownership in the company, a royalty, or a combination of both. Weigh your needs and best chances of either traditional bank or venture capital loans to determine which will work best for you, and which will offer you the best terms over the long haul. Article Tags: Vendor Account, Credit Card, Venture Capital, Capital Loans