The SBA even requires that applicants meet certain credit guidelines, regardless of their experience and/or training in the field that they wish to launch a business in. So.... ???
2006-07-07 10:29:37 · 8 answers · asked by Geoff H 2 in Business & Finance ➔ Small Business
all i can say is good luck.
2006-07-20 10:32:16 · answer #1 · answered by retrac_enyaw03 6 · 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!
2006-07-08 09:22:42 · answer #2 · answered by TM Express™ 7 · 0⤊ 0⤋
If you have "bad credit" then (I'm sorry, but) you have already demonstrated an inability to handle money well. Why would you possibly think you could run a small business?
Even if your poor credit is a result of "unforseen circumstances", the world is awash with unexpected events, you have to know how to thrive and prosper in that environment.
I don't mean to be discouraging, but honestly, just based on your question I think even you know you would be better off getting a regular job and working hard at it.
2006-07-21 08:48:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Compared to offline businesses, the investment required to start an online business is minimal. A popular way of earning money on the internet is by providing information and services. This can be monetised by advertising or charging a subscription. You can also make money online by selling products on auction websites like eBay or through your own website. More information available at http://tinyurl.com/syw6m
2006-07-17 03:29:49 · answer #4 · answered by lalraniusha 3 · 0⤊ 0⤋
Before you consider your small business. go pick up the latest success from home magazine featuring world leadership group or go to the website. it will be well worth your time
charliexiong@sbcglobal.net
2006-07-07 17:15:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Talk to the venture capitalists and be prepared to show a business plan.
http://www.gobignetwork.com/?gclid=COT1v7HKgIYCFUWKCwodxyOihA
2006-07-07 10:36:52 · answer #6 · answered by Anonymous · 0⤊ 0⤋
try to do partnership with a person who has money but no work.....
2006-07-19 03:36:32 · answer #7 · answered by kkk 2 · 0⤊ 0⤋
this might help!
2006-07-21 05:06:18 · answer #8 · answered by sweetjay 1 · 0⤊ 0⤋