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Generally, the money is loaned at a low interest rate or interest free, which is very beneficial at the beginning.

The most common source of funding, not including personal resources, are credit unions and banks who will provide a loan if it is possible to show that your offer is worthwhile.

The first reference to Guimbal by such name in Spanish records appeared in Father Coco’s appendix to Medina’s “The History of the Agustinian Order in the Philippines” Where it referred to the establishment of a convento in Guimbal, Iloilo in 1590.

A closer fact compared to some other writings showed that the name of the municipality was derived from a musical instrument called guimbal.

In 1868, for instance, the entrance of Guimbal was transferred from the riverside to the plaza side to make it more difficult for Muslim raiders to break in the modified baroque church.

Doubling as a fortress, the church’s walls, which are two meters thick and made from stones quarried from both Iloilo and Guimaras, have survived multiple coastal attacks, fires, earthquakes, and even wars.

Other sources are venture capital firms that aid businesses in exchange for partial or equity ownership.

You must know the exact amount of money that you need, what your purpose is and how you will repay it in order to be successful in getting a loan.

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You must convince the lender in a written proposal that you are a good credit risk.

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