I Need to raise money for a card shop! Ihave a ton of kids who are couting on me, poor credit I NEED HELP!?

Question

Hi, I'm Ruth from Michigan. There's a trade center (Gibraltar Trade Center) consit of several booths with small business, wich mine is a little card/toy shop wich is a busy place. Although I have probably only 400 sq ft. This place is always packed.. I have acess to the show area, so I have a nice size area yu-gi-oh, Magic, & other tournaments. The problem is the trade center's only open 3 days a week and they just raised their rent to $1200 a month. For about $800 more(everything included) I have found a building right next to a high school and elementry school, in a plaza perfect location!! I know every kid and customer by Name and all the regulars willing to do on their behalf whatever it takes to get this open. But the fear is the down payment, and the 3 year lease. I doubt I would qualify (I haven't got good credit) for a SBA loan and NEED between 5-$10,000. I NEED Good funraising ideas.How do legally raise money so kids can have a local card shop! They're counting on me. HELP

Answer 1

You don't need good credit for an SBA Guaranty as long as you have been in business for at least 2 years. Contact a local bank that is a "Preferred SBA Lender" and find out what it is they need from you as far as paperwork.

If you are afraid of the lease then you shouldn't be considering an expansion, as the lease is the least of your worries.

Answer 2

stable information is, advertisement loans are a distinctive breed than residential loans. i'm vast on the residential end, and not plenty on the financial end. besides the undeniable fact that, there's a lender observed as Interbay, and that they do advertisement loans based on the profitability of the corporate, and have little regard in direction of credit. look them up on the internet, or call a broking provider that does company with them.

Answer 3

Are you female? A minority? The government has programs for small start-up businesses. Have you tried getting a government grant?

Answer 4

If your in business for two years just to bank get the loan

Answer 5

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