For a business owner, obtaining the right information is as important as finding the right location, or getting the best price.
The Small Business Development Center in New York is one of only a few SBDCs in the U.S. with a full-time library (which we call the Research Network). Its services are available for free, but only to New York SBDC clients.
Tuesday, April 25, 2017
How to Fund a Business When You Still Have Student Loans
Starting a business from scratch isn’t easy under any circumstances. But for members of the millennial generation, many of whom still sit atop a mountain of student loan debt, it can seem virtually impossible.
Student debt has risen dramatically in recent years to become the largest single debt source among those under 40. In fact, the average class of 2016 graduate will be saddled with $37,172 in student loan debt—enough to crush the entrepreneurial spirit of any would-be business owner.
Even so, if you have a business idea you believe in, there’s no reason to put those dreams on hold. With some careful planning and financial management—and a bit of luck—you can overcome your debt burdens and turn that killer idea into a reality.