I went under the SBA, but it said "good credit" Any one have any ideas?
2006-08-13 09:18:15 · 9 answers · asked by jan s 1 in Business & Finance ➔ Credit
this depends on alot of factors... financing is almost impossible for business if you have bad personal credit... you can incorporate and get an ein number so that your personal credit isnt as much of a factor but even then you have to be in business for at least a year with good profit to get any kind of loan... now you can apply for a business credit card (with an ein number) and begin to build your business credit that way... capital one might give you a cc with a 300-500 limit... small start, but its a start...
you can try to get a grant... http://www.grants.gov
but you'll almost have to pay someone to help you apply...
and no guarentees that you'll get enough to cover what you need... but there again, a little bit is better than none...
the SBA should be able to give you resources as to where you can turn for finanacial aid or credit with bad/no credit...
call your local chapter...
also go to http://www.about.com
in the search box type in starting a business and read the results, there is a womans small business chapter which can also advise you where to go... and last but not least go to http://www.prosper.com
check them out...another option for financing...
i hope you find what you need. Good luck! I hope your dream comes true!
2006-08-13 11:09:44 · answer #1 · answered by Resasour 4 · 1⤊ 0⤋
There are some grants out there that help people to open business and/ expand. I know its hard to find the legit ones, but it's conferences that goes aound from state to state that tells you how to get the legit ones. Also check within your state for grants and your city, they might offer something to help. Also, you could start off like I did; at home then later expand, if you can. Beware of Partners unless you trust them and in a binding written contract. I made that mistake and my partner left me with debt that I shouldn't have been left with. Wish you lots of luck and success!
2006-08-18 15:32:45 · answer #2 · answered by DeZigns By Monique 2 · 0⤊ 0⤋
Hey!
You can check out the credit card I have on my site, they help people with no credit or bad credit.
http://wantmorewealth.com on the left side menu look under Free Stuff and you will see ' need a credit card?'
Hope that helps
2006-08-13 19:21:14 · answer #3 · answered by Sue 1 · 0⤊ 1⤋
Try bootstrapping your business... start with NO FINANCING and get customers to pay for your services. Once you're established, you'll qualify... banks like to see a track record... they generally avoid entrepreneurs like yourself, so don't waste your time waiting for them: GO FOR YOUR DREAMS NOW!
2006-08-13 16:29:58 · answer #4 · answered by Mike S 7 · 2⤊ 0⤋
try going to differnt places apply for Dept credit cards or a car loan just keep trying
2006-08-20 22:17:07 · answer #5 · answered by pattibcacl 6 · 0⤊ 0⤋
Try to find someone to be your bussiness partner, just make sure they have good credit.
2006-08-21 12:19:10 · answer #6 · answered by WOODY 1 · 0⤊ 0⤋
Go to www.fastweb.com
Fill out the questionaire and see what grants you may qualify for.
Good luck!
2006-08-13 16:25:15 · answer #7 · answered by Anonymous · 0⤊ 2⤋
listen i think your a dreamer. what type of business are you wanting to preform in? i have several properties, store fronts available. i am a self starter.
2006-08-13 16:28:51 · answer #8 · answered by unclejacko 1 · 0⤊ 1⤋
read tips and articles on investing, small businesses and much more that will help you on this site
2006-08-13 17:12:05 · answer #9 · answered by Anonymous · 0⤊ 1⤋