2006-07-24 10:39:42 · 4 answers · asked by affulsam 1 in Local Businesses ➔ Other - Local Businesses
Could be many reasons for that:
You don't have business plans ready.
Your business proposal doesn't meet the requirements of the funders.
Your net worth and /or repayment capacity is not upto the mark.
You don't have a feasible business proposal.
You may not be able to offer collateral.
Your business may have some legal hurdles.
2006-07-25 03:20:32 · answer #1 · answered by helpaneed 7 · 0⤊ 1⤋
If you've done your pro-forma, and you have a business plan, it shouldn't be too difficult. Assuming, of course, your business has the means to secure the loan and pay it back. If you need help with this, try the SBA for assistance.
If you get rejected by one bank, they'll tell you why. Fix the 'why', and try another. You may end up going to several banks before you get a loan.
2006-07-24 17:46:08 · answer #2 · answered by Jolly1 5 · 0⤊ 0⤋
do you have a business plan prepared? w/o one nobody that can actually help u will be intrested in u
2006-07-24 17:43:43 · answer #3 · answered by cutepet 1 · 0⤊ 0⤋
you have to think of a fundraising idea that no one has already beat you to
then you'll raise bundles of moolah $_$
2006-07-24 17:42:48 · answer #4 · answered by Mj 4 · 0⤊ 0⤋