2006-07-22 15:46:22 · 4 answers · asked by stephen d 1 in Business & Finance ➔ Small Business
You should clarify your question, because it has a dual meaning. Do you mean guaranteed as in "co-signed" or do you mean a sure thing that a creditor will give you a loan?
This answers the latter: if you are prepared to allow a lien to be placed on unencumbered real property with value in excess of the loan amount, there is a strong liklihood you will get a loan.
But for that scenario, there is simply no source that will guarantee you will be provided with a small business loan without collateral.
2006-07-22 16:14:34 · answer #1 · answered by AJGLaw 3 · 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!
2006-07-24 14:51:17 · answer #2 · answered by TM Express™ 7 · 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
2006-07-23 06:55:27 · answer #3 · answered by lalraniusha 3 · 0⤊ 0⤋
Question is unclear: guaranteed in advance, or get the money deposited for draw ? I believe it comes lump sum if approved.
2006-07-22 22:53:05 · answer #4 · answered by The Advocate 4 · 0⤊ 0⤋