Nobody had ever imagined that computer home based business would become so popular within a decade. There are thousands of people who have quit their jobs and have started their own businesses from home. However, there are lots of aspects to consider before starting a home business.Arranging capital for starting a business is one of the most crucial aspects which you will need to consider first. Where to get the initial investment amount is one of the major concerns. Quite a lot of people have their personal savings which they utilize for starting their business. Some of them borrow from their friends and relatives.If you feel that you have that talent and will be able to have a successful computer home business, you can think of taking external financing for your business. There are various types of loans which are made available from banks and private money lenders for small investments.You may also use credit cards to make purchases for your business needs.Borrowing money from friends and relatives often is beneficial because of the low interest or no interest at all in many cases. Other options like enterprise capital firms help the upcoming companies grow in partial ownership.Various Kinds of Credits for Business FinancingThere are two different types of loans offered by the banks. They areo Long term loanso Short term loansLong term loans have maturities up to seven years but for the equipment and real estate this loan maturity may go up to twenty five years. These kinds of loans are used for construction work, furniture, durable equipment etc. However, short term loans have maturity just for one year and are used for working-capital finances and lines of credit.Before applying for loans, there are certain important aspects that you will need to consider. How much money you will need for your business, what do you need it for and how will you pay it back.These are a few important questions that you will need to answer while applying for the loan. Your computer home business should be low on credit-risk for the lender.What do the bank officials look for?The bank is worried about its money so it will always focus on finding out how you will pay back the loan amount. Repayment assessment is done by the loan officers. They consult credit reporting bureau for a copy of your company’s financial statement.Writing a Good Loan ApplicationA good loan application is very important when you are applying for loan. You will need to give your name, complete address, names of principles and security numbers. You will also need to mention why you need the money and how much is required.You will also need to provide your computer home based business details in the loan application. You will need to mention the ownership legal structure and the present business possessions.