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Financing Your Small Business Takes Creative Thinking

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Published: Tuesday, 1 Nov 2011 | 9:53 AM ET
By: CNBC.com
Empty Wallet

According to a study by Pepperdine University, nearly two-thirds of privately held businesses said they were denied loans, writes CNBC.com's Michelle Fox.

Being an entrepreneur these days often means coming up with your own cash. That involves some creative thinking, writes Fox, including looking into "crowd funding, microloans, and even, gasp, talking to your competition.

In addition, finding the people who have been successful before you will lead you to the right connections.Read more to learn how business owners have secured funding for their startups.

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When nearly two-thirds of small businesses are being denied loans, it takes more than just filling out the paperwork to get money to grow.

   
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