Business Loans for Women - Alternatives to a business loan 2

Peer to Peer Lending. You can always bypass the bank and go to what is know as social lending. Basically ordinary people lending to ordinary people. If you research the internet you can find sites that have an auction typed process. The lender willing to provide the lowest interest rate wins your loan.

Or start a money pool. Borrow small sums from other people such as your family, friends, etc. Just remember if you take this route and you don’t pay these people back there may be definite friction in the relationship.

You can use credit cards, but be careful. You can make purchases and obtain cash advances with your credit card. But remember this can be expensive if you are only paying the minimum. You can owe much interest so you have to be disciplined to used this method.