Im having a cash flow problem and my personal credit is pretty topped off because of my business. Is there anybody out there that would loan money to a person that owes money already?? Any help will be greatly appreciated.
2006-07-06 08:52:20 · 4 answers · asked by rafastella 2 in Business & Finance ➔ Small Business
If you have REALLY lousy credit, go the the S.B.A. (Small Business Administration)... they just LOVE loaning money to people with lousy credit... it's true... call your local SBA office and check it out.
2006-07-06 08:57:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋
To be subject of credit, even from particulars, what you need is a clean background. That does no tmean you don't have other debt, it means that you keep your payments punctual.
You can even come to a kafkian scenario, like I have, myself, of getting new debt for paying old debt. Whatever happens, your priority must be never to skip payments on a regular basis, when you do, even for small quantities, everyone will turn their back on you.
If your credit history is clean, financial institutions WILL give you new credit. If you don't, you must find a rich friend or friend of a friend that you talk to in an open and honest way about your situation. If you earn their trust, they'll give you the money.
2006-07-06 09:01:34 · answer #2 · answered by Astrante 3 · 0⤊ 0⤋
You can get money from a bank with loan... or you can touch you're economy... They are a lot of answers here... Think about it with more imagination... sorry for my english
2006-07-06 08:56:55 · answer #3 · answered by Robert R 1 · 0⤊ 0⤋
How much do you need and what collateral are you offering?
2006-07-06 11:24:46 · answer #4 · answered by Michael Myklin 3 · 0⤊ 0⤋