looking for a line of credit or loan for small business that I have started .but credit it not so good
2006-12-26 19:11:07 · 4 answers · asked by thomas n 1 in Business & Finance ➔ Small Business
Place an ad for investors in your local newspaper. there are many people looking to invest and if the business is sucessful you can buy them out. just be sure to have a contract.
2006-12-26 19:18:10 · answer #1 · answered by George G 5 · 0⤊ 0⤋
You don't have to use your own personal credit to start your own buisness all you have to do is attain an EIN number. This number is like a social security number for your buisness(es). It is easy to get just go to the IRS website and fill out an application for an EIN number and use that number to get loans and credit. Just don't mess this line of credit up, cause then you will really be stuck. The places you are applying for loans and credits won't check your personal credit if you are using an EIN number.(Employer Identification Number)
2006-12-26 20:12:41 · answer #2 · answered by nickie 1 · 0⤊ 0⤋
With not so good credit, try your mom and dad.
2006-12-26 19:13:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
SBA and a really good plan
2006-12-26 19:21:59 · answer #4 · answered by towanda 7 · 0⤊ 0⤋