My partners and I just formed a small business LLC company that is going to be specialized in Information Technology consulting for the local and federal government as well as the private sector. However, there's a need to get a business loan to be able to execute the first subcontracting or prime contracting oppurtunity that comes our way. Most banks don't give more than 100K and SBA don't offer must except grants around 5-10K. Please, is there any other organizations out there that can give business loans at great rates with loans ranges from 50K-200K. All the partners are US citizens and we all have good credits. We are just not such how to go about this.
Your courteous response will be appreciated.
2007-03-16 02:17:00 · 1 answers · asked by progress 2 in Business & Finance ➔ Small Business
You have to justify the amount needed. The best way to do this is with a business plan. Go to http://www.sba.gov/starting_business/ or http://www.bplan.com/ where you will find sample plans and instructions on how to write a business plan. Submit your business plan to banks and if the amount is justifiable, you will get the money
2007-03-16 02:50:07 · answer #1 · answered by Anonymous · 0⤊ 0⤋