I'd like to open a custom framing store but I need funds.
2006-07-11 09:51:16 · 4 answers · asked by frida f 1 in Business & Finance ➔ Small Business
What country are you in? If you live in Poland, you cannot get a loan from the Australian gov.
2006-07-11 09:55:23 · answer #1 · answered by ½«gumwrapper 5 · 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!
2006-07-12 04:16:48 · answer #2 · answered by TM Express™ 7 · 0⤊ 0⤋
Put together a Business Plan. You can download a template from Microsoft (Word) or there are other programs available that take you step by step. Once you have a COMPLETE business plan together you can look for funding among friends and family as investors. Make sure that you offer them a time table on repaying their investment or seeing returns on it. If its a good business opportunity and you can back up a loan with personal equity (house, savings, etc.) a bank might give you a loan.
2006-07-11 19:27:53 · answer #3 · answered by madrax 3 · 0⤊ 0⤋
get a government grant.
2006-07-11 16:55:46 · answer #4 · answered by Jerry H 5 · 0⤊ 0⤋