Released on: January 3, 2008, 11:34 am

Press Release Author: Wardell Brooks

Industry: Financial

Press Release Summary: The sense of pride and joy of running your own small business
cannot be over exaggerated. Many of today's largest and most successful companies
started out in someone's kitchen or workshop and became a raging success and
household name. But it can be a struggle to start a small business alone, especially
financially. Prospective business owners may already have learned this when they
began to seek a unsecured small business start up loan.

Press Release Body: New businesses are the backbone of the American economy. They
provide new innovations, new jobs, and fresh concepts to the business industry. And
owning a business is the dream of many Americans as well. Being your own boss has
been ranked as one of the key goals of many Americans. The attraction of the freedom
of running your own business, with no limitations or glass ceilings is impossible to
deny. This mutualism has created a huge growth of small businesses in the nation,
and today, many more people think about owning their own businesses than ever
before. But starting a business requires money. Without start up capital, very few
people have the resources available to launch a successful business idea. A new
business needs a dependable source of income until it can generate the profits it
needs to cover its own costs and produce an income. A unsecured small business start
up loan can alleviate a lot of stress.

A business loan for start up costs is an essential part of giving a new business the
formidable strength it needs to catapult itself into success. There are many more
costs associated with starting a new business than one first considers. Overhead,
even for a small organization, can be quite high. This includes operating expenses
included but not limited to salaries, rent, the cost of equipment and supplies,
utilities, advertising, as well as other unforeseen events. Even with a unsecured
small business start up loan and great business planning, it can take an average of
six months before the business actually becomes profitable.

The benefits to receiving extra funding from a unsecured small business start up
loan are many. An owner can quickly get his or her business idea up and running. The
extra cash can be used to purchase, lease, or renovate a building. An owner can
advertise his or her concept in a variety of forms-banners, newspaper or radio
advertising, starting a website, and getting new business cards. Additionally, an
owner can get new equipment, tools and other items necessary. Extra funding can help
a business owner make a big impact at first, and give a good first impression to his
or her customers. A great beginning with a startup loan for small business needs is
key to the success of a new small business-and a unsecured small business start up
loan can help attain just that.

Unfortunately, it is not so simple when it comes to the loan process. Potential
business owners are quickly discouraged when lenders impose a long list of
requirements that are difficult or impossible to meet. Detailed business plans and
collateral requirements are the two biggest setbacks when it comes to obtaining
business funding. And many loan processes take weeks or even months!

Obtaining financing can sometimes be the most grueling part of starting a new
business. The loan approval process for an unsecured small business start up loan
sometimes seems like a maze, with stringent credit requirements, complicated
business plans, and paperwork full of terms that are like a foreign language to the
layman prospective business owner simply trying to get a loan. Options can be rather
slim and unfitting when it comes to financing for the new business owner;
unrealistic collateral requirements and proof of projected business profitability
can sometime seem more like a joke than a reality.

Collateral is often the biggest obstacle to the prospective business owner. Not only
does a new business not yet have any commercial collateral to provide; but it is
asking a lot for an entrepreneur to put his hard earned personal assets at risk in
order to start a new business venture. Yet, without collateral, getting a business
financing can sometimes seem impossible.

The good news is, though rare, some companies to have specialized programs for
exactly this scenario. An unsecured small business start up loan can get a new
business owner the funding he needs to cover initial business costs, without having
to provide collateral and place his or her assets at risk. With this type of
financing plan, the lender utilizes something the borrower has worked hard for and
should be able to take advantage of - his good or bad credit. With this approach,
the lender can still lend an unsecured business start up loan at great rates and
with a variety of programs.

Applying for unsecured small business loan is easy, all the business owner need to
do is just go on line and submit their loan details. Then the lenders will refer
back to you with the loan decision in a few days.


Web Site:
http://www.venturecapital.20m.com/bad_credit_unsecured_small_business_loan.html

Contact Details: America Unsecured Funding
P O Box 60882
Chicago, IL 60660
http://www.venturecapital.20m.com