2006-06-15 17:32:33 · 9 answers · asked by sandnsun 1 in Business & Finance ➔ Small Business
go to
sba.gov
they have all kind of help.
2006-06-15 17:37:45 · answer #1 · answered by rickinobetz 3 · 0⤊ 0⤋
The business of lending is a dense one and should be researched properly. To get started, I suggest contacting the Small Business Administration (SBA). Entrepreneur also offers a great site dedicated to money & finance – see below for both.
Research, research, research – this cannot be stressed enough. Read as much as you can about the process. 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!
2006-06-16 13:47:50 · answer #2 · answered by TM Express™ 7 · 0⤊ 0⤋
If these various banking ideas do not work for you, consider starting a smaller business that can help you earn the money for the business that you really want. It will give you great experience in business operations and it may still be a viable asset later when you start your $75,000 company. I do free small business counseling for start up entrepreneurs. Write to Bruce at boatclub@go.com for more ideas.
2006-06-16 11:08:02 · answer #3 · answered by Via Bruce 4 · 0⤊ 0⤋
If you have a very good credit history it may be possible.
Else try getting a partner or venture capitalist to fund your business...you can later buy out his/her stake.
Best way to go is check the small business de[artment of the government and the entrepreneurship clubs in colleges/universities/business schools.
2006-06-16 00:54:33 · answer #4 · answered by Maloy 3 · 0⤊ 0⤋
Search for a "county" website for the county you will be based in. Along with the chamber of commerce listings you will often find firms that help small businesses get financing through other than standard sources. Here is the one for my county:
http://www.choosewashington.com/Bus_resource_directory/JeffersonCounty.doc
2006-06-16 00:41:25 · answer #5 · answered by emarketing_inc 1 · 0⤊ 0⤋
Our friends at Yahoo have an excellent directory of banks, credit unions and other associations that offer small business loans, for both new and existing businesses. Just go to search and type small business loans and you take it from there. Best of luck in your new venture.
2006-06-16 01:08:14 · answer #6 · answered by Papagayo 2 · 0⤊ 0⤋
Have a great business plan and join some associations in your feild. Most good associations have info on private investors/angel investors and banking organizations.
I would also suggest looking for a mentor who already owns a business, and pick their brain.
2006-06-16 01:01:31 · answer #7 · answered by rohwaldy 2 · 0⤊ 0⤋
Try going through the small business administration.
2006-06-16 00:36:13 · answer #8 · answered by Tom W 1 · 0⤊ 0⤋
if you feel it is a risk you dont have what it takes to start your own business. do not even try. risk is a negative thought if you are not convinced you can succeed you will not. remember this saying "Failure is a state of mind"
2006-06-16 00:38:56 · answer #9 · answered by lee 2 · 0⤊ 0⤋