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The best way to finance a home business is through leveraging. This is simply using other people's money to start and run your business. You can get a small business grant, small business bank loans business credit cards. I personally started my business by calling my credit card company to increase my credit line. Now, if you are going to use a credit card or any loan for that matter, make sure it is a business credit card or business loan, because the interest rates would be tax deductible only when those funds are used for business. There are many grants and low interest loans available for small and new businesses. The best way is to save, save, save. Try to save enough you can obtain what you need before you quit your day job. And realize you may have to work part time a little while longer while you establish your dream. In todays market world it is getting relatively inexpensive to gain foothold in an area and even compete with the big companies. Yes to grants, you can find a lot of resources online for this, NO Credit Cards, NO loans (with exception) have your business plan complete before applying.

If you're planning on starting a small home business, use a simple yet practical approach to get financing help.

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Q: What is the best way to finance a new home based business?
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