Search for Loans, Grants & Financing

During this difficult financial time it can be frustrating to find the capital you need to start or expand your business. Here is a great site to help you out. This is another one of the tools found at Business.gov. Search for Loans, Grants & Financing Just go through the 14 questions and hit the search button. It will give you a list of the potential funding sources.

But don't forget--another great source of financing is the seller of the alpacas you are wanting to buy. Most breeders you will find are like Alpacas at Tucker Creek and will work with you accepting payment in every form from cash, to credit cards to payment plans geared to your financial needs.

Also during the last week, the Small Business Administration (SBA) sent out a news release that "announced important loan program changes to help the agency's lending partners increase access to capital for small businesses". It is very apparent there is much being done in an effort to stimulate the economy.

2008 continues to be the best tax year to start any new business or expand an existing one due to the increased Section 179 deduction currently available at the $250,000 level coupled with the 50% bonus depreciation deduction. The increased deductions come at a very difficult time economically as they are each designed to stimulate the economy but many are afraid to commit to such a large financial obligation in light of today's economic climate. Just proceed with caution and budget a contingency fund to buffer you from any surprises.