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I know the goverment give out money and loans for this, so how to I get it. Also I seen ppl want me to pay for their advice on this. Can you give me some advice or give me a recomended source to look into for a grant, loan or if they are giving away free money. Thanks.

2006-06-05 18:24:07 · 4 answers · asked by American 2007 2 in Business & Finance Small Business

4 answers

The business of lending is a dense one and should be researched properly. To get started, I suggest contacting the Small Business Administration (SBA) – links below. Entrepreneur also offers a great site dedicated to money & finance – see below.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* How to Get a Small Business Loan: A Banker Shows You Exactly What to Do to Get a Loan (Small Business Series, No 1) by Bryan E. Milling
* The SBA Loan Book: Get A Small Business Loan--even With Poor Credit, Weak Collateral, And No Experience by Charles H. Green
* The Insider's Guide to Small Business Loans by Dan M. Koehler

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

2006-06-06 07:28:16 · answer #1 · answered by TM Express™ 7 · 0 0

I just went through what you are talking about. The Small Business Association, mentioned above, won't give out loans, what they do is secure the loans for 80-85% of the loan, I believe. Another thing to look at when getting a loan is a solid co-signer, ESPECIALLY if there is a lot of blue-sky, which in a lot of business deals, there tends to be. Good luck, I hope everything turns out for you!

2006-06-06 06:08:56 · answer #2 · answered by secret squirrel 2 · 0 0

The Small Business Administration website at http://www.sba.gov is the best place to look for information - including loans - when starting your own small business.

http://www.grants.gov is the portal for government grants, but be advised there are not really any grants for starting your own for-profit business.

2006-06-05 18:35:07 · answer #3 · answered by Piggiepants 7 · 0 0

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2016-09-08 21:14:03 · answer #4 · answered by ? 4 · 0 0

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