Ok i'm 24 and i was thinking of starting a small business. I want to open a fitness gym for overweight teens and young people (adults too if they want). Any ideas how to make this happen? I have no money to start this business? I have great ideas for this business to work but no funding. How am I supposed to get a bank loan?
2007-02-16 18:18:21 · 2 answers · asked by Anonymous in Business & Finance ➔ Small Business
You will probably need a private loan, with no payments for the first ______ months and then start payments as enrollment is up. It will be at a higher rate than a bank.
2007-02-16 19:34:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Typically if you have no money you need to be able to offer up some sort of collateral, like a car, or something the bank feels is equal value to what you need.
2007-02-16 18:24:15 · answer #2 · answered by m k 5 · 0⤊ 0⤋