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Should I use my some of my home equity to start a home based business?

Home Based Business

If you base your business in your home, you won't be alone. Low interest rates have convinced many people to tap into their home equity as a funding source for their home-based business. If you don't have enough business experience to convince a bank to lend you money, you might want to use some of your home equity as the funding source. You should also check out the Small Business Administration classes and information to help you learn as much as possible. The SBA also provides some funding for small businesses and might be a source of funds for your home based business.

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