2007-05-12 12:28:19 · 6 answers · asked by Babygurl 3 in Business & Finance ➔ Credit
Yes,
If you are individual, who has an entrepreneurial spirit, you can easily get a loan offered by the federal government. This loan allows you to start a small business. The department of Small Business Administration (SBA) acts as a guarantor for these loans. These loans are provided by banks or financial institutions. Very rarely, the SBA provides the loan directly.
Along with the SBA, certain other government agencies provide financing to small businesses through loans and grants. To avail of this loan, you have to submit the business plan that you have chalked out along with your abilities to indicate that you can handle the business properly. Your credit score should be high to get the loan. The lending authorities check your credit ratings before approving your loan.
http://debts-to-wealth.com/category/Government-Small-Business-Loans.html
2007-05-13 01:41:34 · answer #1 · answered by See Saw 3 · 0⤊ 0⤋
Not impossible, but fairly unlikely. Starting a business almost always requires money. Your only options are probably to save money yourself, or get loans/investments from friends and family.
2007-05-12 19:33:05 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Do you have a lawnmower full of gas? Will your first client pay you in cash when the job is done? You could very well be the newest landscape maintenance person in your town.
Well, it's a thought..
2007-05-12 21:52:32 · answer #3 · answered by mphsblue 3 · 0⤊ 0⤋
It depends on what type of business. There are people who buy and sell on Ebay with very little capital. The one thing you have to sell that will cost you nothing is yourself your knowledge and skills.
2007-05-12 19:37:49 · answer #4 · answered by Easy Peasy 5 · 0⤊ 0⤋
Going to be very difficult and highly unlikely without a cosigner.
2007-05-12 19:36:10 · answer #5 · answered by MJMGrand 6 · 0⤊ 0⤋
Yes but depends on what business you are interested in.
2007-05-12 19:37:08 · answer #6 · answered by JOE 2 · 0⤊ 0⤋