How can I find funding for a business with zero credit?

Question

I'm trying to get funding for my clothing line...so that I can create samples and start some production.

Answer 1

Have you tried researching the SBA (Small Business Administration)? They have a committee of retired business owners that review small business plans and give free advice. Check them out online at www.sba.gov.

Answer 2

To get started, I suggest contacting the Small Business Administration Financing Page (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. Here are some book titles that are relevant:

* Free Money for Small Businesses and Entrepreneurs by Laurie Blum
* Finding Money: The Small Business Guide to Financing (Small Business Series) by Kate Lister, Tom Harnish
* Financing Your Business Dreams With Other People's Money: How and Where to Find Money for Start-Up and Growing Businesses by Harold R. Lacy
* No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money by Terry Allen
* Starting on a Shoestring: Building a Business Without a Bankroll by Arnold S. Goldstein

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!

Answer 3

Some universities' business departments will help you write a business plan to submit to investors for financial backing. Try your local university. There usally isn't any costs just grad students working on their degrees.

Answer 4

go to grants.gov there are a ton of grants and loan opportunities for first time business owners. if that doesn't work do a search on google for first time bus. owner loans

Answer 5

Pray get down on your knees an pray

Answer 6

sell stock.