The main requirements of attaining a small business loan are your personal credit history, business plan, education, experience, and the feasibility of the business itself. My question is, how important is the education aspect in trying to get a loan ?
2007-08-30 05:05:18 · 6 answers · asked by carl 1 in Business & Finance ➔ Small Business
Depends on the business. If you have a financial consulting business, then education is taken into consideration. You can provide the service if you're not qualified through education. Mostly, is your personal credit history and experience.
2007-08-30 05:11:00 · answer #1 · answered by Matrixcm 3 · 0⤊ 0⤋
Probably the least important of the items on your list, as long as you demonstrate enough knowledge that it looks like you will be able to run the business. Knowledge is gained in a lot of ways, and formal education is only one of them.
2007-08-30 05:09:57 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Basically its a scrub for "are you mentally able enough to take out a loan without spending it all on three thousand rubber balloons and then instead of paying it back, opting to play with said rubber balloons" don't worry about it, jussst a retard test (these things are pretty much standard today)
2007-08-30 05:12:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
When we received our loan, education had NO part in it at all. We applied through Lending Tree and had a wonderful experience. good luck.
2007-08-30 05:14:39 · answer #4 · answered by Apple 5 · 0⤊ 0⤋
Hi friend .....Getting loan is now a days is very easy. Just try out at any bank..Just take look at the link below to get free quote....
2007-08-30 05:07:48 · answer #5 · answered by Anonymous · 0⤊ 1⤋
its not as critical as the others except when the business is involved in high tech or a profession.
2007-08-30 05:12:27 · answer #6 · answered by Anonymous · 0⤊ 0⤋
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2007-08-30 05:08:03 · answer #7 · answered by vilas s 2 · 0⤊ 2⤋