Does anyone know where I can get a business loan? With horrible credit?

Question

A loan of approx. 30,000 for start up funds.

Answer 1

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!

Answer 2

Getting a employer mortgage once you've a nasty credit report heritage is hard, yet not not conceivable. even as classic monetary establishments, which incorporates your community monetary employer, likely received’t lend you funds due for your undesirable credit report, there are non-classic lenders that provides you with a nasty or adverse credit employer mortgage. the biggest job in acquiring a small employer mortgage is getting waiting a employer plan. your employer plan ought to respond to the questions a lending employer might want to ask. those questions in a good number of cases are: · how a lot funds do you want? · What are you going to do with the money? · even as will you pay off the small employer mortgage? · what's going to you do if you're actually not getting the mortgage?

Answer 3

I would go to the bank who you bank with and just set a meeting up to ask them about what kind of credit you need and the specifics. Good luck..