Tips For Small Business Financing

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Michelle Thornhill is the Senior Vice President and African American Segment Manager at Wells Fargo/Wachovia. Michelle has over 15 years of experience developing consumer initiatives for diverse audiences in the financial services and non-profit sector. Michelle earned a Bachelor of Science from Virgina Polytechnic Institute and State University, a Master of Science in Administration from Central Michigan University and a Master of Public Administration from Harvard University, the John F. Kennedy School of Government. Michelle resides in Charlotte, N.C. with her husband and two sons.

Here’s Michelle Thornhill:

The old phrase, “it takes money to make money” is one that still applies when opening or running a small business.  There are many options out there for those looking for ways to finance their businesses.  One option is to open up a Small Business line of credit.  Wells Fargo offers BusinessLine®, which allows customers to access up to $100,000 for business purposes quickly and conveniently.  Another option is a Small Business Administration loan.  This loan comes in a variety of options to suit your needs so you can decide which type of financing is the best fit.  Keep a close eye on your budget and cash flow so that you know which option is best for you to finance and grow your small business. Join us next week as we discuss tips on how to prepare for home ownership.

This financial tip is sponsored by Wells Fargo. For more tips and information, visit wellsfargobusinessinsights.com.

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