2006-07-06 14:52:07 · 3 answers · asked by eric b 2 in Local Businesses ➔ United States ➔ Detroit
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!
2006-07-07 09:28:05 · answer #1 · answered by TM Express™ 7 · 0⤊ 0⤋
This company is great! They are reputable and don't share the same requirements as traditional lenders. Their only requirement is that you have been in business at least 1 year and make 200k minimum gross annual revenue. There is no credit check or collateral needed. The quote form is very short and to the point. their average loan amount is 35k. It definitely couldn't hurt to see what you are qualified for. the quote will not affect your credit rating or score in any way. Hope this helps!
2014-01-14 19:46:41 · answer #2 · answered by Anonymous · 0⤊ 0⤋
That is very tough. You can get a loan with bad credit, but typicallly not one with an attractive interest rate. Perhaps if you have something you could use as collateral you could secure a better rate
2006-07-06 15:47:48 · answer #3 · answered by Kpack 1 · 0⤊ 0⤋