Where can I go to get a small business loan or grant to start a new business in Ohio
2007-10-15 10:01:13 · 0 answers · asked by Anonymous in Business & Finance ➔ Small Business
I just went through this exercise in Ohio. There are no such things as grants for all intents and purposes. You can get an SBA loan though a bank like NCB, First Federal of Lakewood, Sky/Huntington.
The problem is that they will want a very throrough business plan. Email me, and I will send you the software that I wasted my money on.....
Here is what I found:
1. They will not let you pay yourself a salary.
2. They will want your personal assets as collateral.
Instead of going through with it, I just went to work for someone else...
2007-10-15 10:48:03 · answer #1 · answered by Art G 4 · 1⤊ 0⤋
Go to grants.gov/ and follow the instructions. You will find that unless you are in basic research, there are no grants for a small business. Any lender will require a business plan that shows that you can pay the loan back. Go to sba.gov/smallbusinessplanner/plan/writea... for instructions on how to write a business plan.
2016-04-08 23:18:19 · answer #2 · answered by Shane 4 · 0⤊ 0⤋
Loan - small business association SBA, or yur bank. Grant - you can't.
2007-10-15 10:11:08 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
Go to http://www.grants.gov for a list of government grants. You can get one if you're starting a daycare.
2007-10-15 11:48:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋