i need to get a small buisness loan for aroune $2000. how would i go about doing this?

Question

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Answer 1

write up a short business plan (what your planning to do with the money) and take that plan to the bank. They will provide you with the loan if your plan/ credit score is decent.

Answer 2

Try Small Business Administration. They sometimes grant microloans which are smaller business loans.

I don't know where you are in the process, but they also have a program that matches businesses with retired executives. It's called SCORE and it's free. Check the white pages of your phone book. They help with planning and may show you an easier way to raise the funds you're seeking.

You may also find it's easier to get a large sum of money than $2000 (which is considered very small for a business.)

You may also think about nontraditional sources of money. There are commercial loan brokers which I don't necessarily recommend but they are out there.

Good luck.

Answer 3

For a loan of such a small amount, the best thing is a line of credit from the bank (if you own a home). The next best is a signature loan. The next would be to borrow from friends and family.

Answer 4

If your credit is good and you have a job you can go to a bank, but if your credit is bad look in the telephone book under loans and your going to pay higher interest charges.