Start Ups (unless we’re talking about Silicon Valley creatures) usually financed through three main sources. They usually identified as triple-F: Friends, Family, Fools. However, when entrepreneur exhausts these sources, he may either go for debt (getting bank loan) or equity (inviting investors). Having debt is better for a small start, if the entrepreneur is sure that his venture will bring the money back. Equity means giving up part of the company, whereas even bad credit loans with high APR could be a better option for refugee entrepreneurs to retain 100% of ownership of the company.However, before agreeing to be hit with sky-high percentage rate on bank loans, make sure you get your credit history and score from three main credit bureaus. Personal or business credit cards may turn out to be a better option.