how do you get a goverment loan to open your buisness?

Answer 1

I suggest you go to the SBA website and learn how to get a small business loan. Here are relevant pages to look at

CREDIT FACTORS A POTENTIAL BORROWER SHOULD KNOW http://www.sba.gov/financing/preparation/qualify.html
What Will I Need to be Considered for SBA Loan Assistance? http://www.sba.gov/financing/preparation/requirements.html

It is not easy to get an SBA loan guarantee for a startup business without prior history. Here are the requirements:

• Business profile. A document describing type of business, annual sales, number of employees, length of time in business and ownership.

• Loan request. A description of how loan funds will be used. Should include purpose, amount and type of loan.

• Collateral. Description of collateral offered to secure the loan, including equity in the business, borrowed funds and available cash.

• Business financial statements. Complete financial statements for the past three years and current interim financial statements.

• Personal financial statements. Statements of owners, partners, officers and stockholders owning 20% or more of the business.

Answer 2

There is the Answer man on TV that sells a book.

Answer 3

possibly. you may desire to study the grant books on the library. there is extra desirable than probable an SBA application, yet you may desire to pay that lower back. provides you, specifically, are given out to "advantageous" orgnaizations run via "expert" people who do issues that "meet" grant standards. working example, i understand a guy in the mountains who runs a condominium shop with sleds, snowmobiles and stuff. HE additionally sells fishing and hutning stuff. He had a BA degree. He applies for and gets provides you from the dept of the interior to make water measurements of streams. it quite is style of a $20,000 funds grant to make those measurments to a scientific technique and turn them in over a era of a 300 and sixty 5 days. i understand an artist who have been given a $20,000 funds grant to teach artwork on the dept of Parks in l. a. and a pair of cases a week or so he'd bypass right down to the assembly room at a super park and carry artwork instructions. a chum of mine's sister, who has a BA, instructor Creditial and MA in practise and taught generally used college in l. a. and Arizona for years, now runs a source middle for infants and he or she applies for provides you each and every of the time to maintain the region working. a chum of mine became in contact with a Theater troup in l. a. and that they have been given a a million million dollar grant from a private commencing place to transform the El Portal movie instruct right into a stay point theater. I beleive they ultimately "went under" and the theater closed. provides you're often particular and shrink what you ought to use them for. grant writing (proposals) is a intense artwork sort. So, in case you open up a coin shop, you may desire to be waiting to get a grant to teach human beings approximately income case you open up a collectables shop, you may desire to get a grant to teach human beings the superb information of gathering and what makes for a stable collectable merchandise. then you definately carry those classes at your shop once or twice a week. you won't be allowed to purchase merchandise with those provides you, yet they'd permit you pay component of the hire on the shop or component of the utilties and actual your self for hard artwork. in case you co-mingle funds and that they audit you and locate out to procure products for the shop, you may desire to be responsible of criminal fraud, so which you will desire to be genuine careful, examine the grant standards and shop funds separated in case you get audited, it is uncommon.

Answer 4

Try looking into your local small business association.. they woudl be a good resource..