Single mothers who are very often worried about their jobs, often want to start a small home business. To start their business they need to find some money to cover operations of the business. They should keep their personal funds and funds for the business separate.
If the business does not succeed, their personal savings could be wiped out. Single mothers should explore commercial loans to access cash for business.
The commercial loan allows the business to have access to funds that will be repaid once money starts coming in.
Commercial loans offer a competitive interest rate. The borrower should be prepared to show the lender a cash flow statement along with the business plan.
A commercial lender must be convinced that the business is credit worthy before they are willing to approve the commercial loan. The applicant must have a good credit history. He needs to show the lender that the business will be able to repay the commercial loan.
Source: http://www.singlemomfinance.com/?p=445
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