2007-06-06 05:32:58 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
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. Y
2007-06-07 00:56:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Believe it or not, the financial experts (like Suze Orman, etc) all say for a start up for a business, you should use a business credit card to finance instead of trying to get loans...
2007-06-06 13:06:27 · answer #2 · answered by zippythejessi 7 · 0⤊ 0⤋
Try prosper.com. I helped a gal get her bait shop up and running with a loan from there. People helping people. No middle man. Everyone wins.,
2007-06-06 22:03:20 · answer #3 · answered by RichDaddy 2 · 0⤊ 0⤋