Question: “How do I get more money to fund my business? I tried applying for a business loan and was turned down. Thanks much–I appreciate your input!”
—Kathy Brooks, Ooltewah, Tenn.
Ali’s Answer: Hi Kathy. Before you go out and get a business loan, first ask yourself what you really need the loan for. Many people who start businesses mistakenly think that getting a loan is just what they are supposed to do. If you are opening a business that requires you leasing space, purchasing inventory, renting equipment, or the like, it makes sense.