Starting a home-based business is an exciting venture, but securing funding can be a major obstacle, especially if you’re just starting out. Fortunately, there are multiple funding options tailored to small business owners without established business credit or resources. Here’s an enhanced, in-depth look at five great ways to fund your home-based business, including tips on who might benefit the most from each option.

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1. Microloans and Community Development Financial Institutions (CDFIs)

If you’re launching a business without a solid credit history or traditional forms of collateral, microloans and CDFIs can be a lifesaver. These organizations specialize in helping small, local businesses by offering manageable loans

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