With a very small business loan or start up cost, a credit card may also be a workable option. This would only apply if you could pay of the balance quickly and you needed to borrow more than the lowest limit of the business loans offered by your lender.

It is important to research the start up and monthly expenses of your business. A good way to do this is to research other similar businesses in your area and find out what they are paying. This information is available through different financial sites and business forums on the internet. Be sure to keep within your geographic area for accurate information.

When you are opening your own business, your personal credit history will come into play. This means that potential business owners need to start out by checking and repairing their individual credit report and score before applying for a loan.