1st. generation immigrants provide 4 the dire need of the American labour market where the need is very critical. they are resolute in performing thier fuctions.
2007-12-14 14:48:15 · 2 answers · asked by denise m 1 in Business & Finance ➔ Small Business
I have not experienced anything like that. Fresh immigrant or 1st generation. You not being able to obtain loan or financial help is more likely caused by your inexperience in running a business or unable to reveal all possible risks to the lending institution.
Beside that majority of people go to their bank for a loan, which is the worst place to go to get money. Banks are structured to take your money not to give you any. Why, do you think they own the most expensive real estate in every down town worldwide?
What business are you looking at? What is your experience in running such a business? What are your financial results? How much money do you seek? How high is the risk of your business? What ROI do you offer? In what time frame?
If you can answer all these and many other questions honestly then you will have no problem obtaining ANY AMOUNT of money from an investor who will either become your silent or participating partner.
The best place to seek the investment for your business is from somebody who is already established in such a business, knows the ins and outs, all the risks involved, can be your coach and adviser and making profit on his investment at the same time.
Make me an offer.
2007-12-14 15:49:00 · answer #1 · answered by StanTheMan 6 · 1⤊ 0⤋
loans and financial help in starting any small business are generally limited to friends and family for anyone.
in part, that is because if the lender has to step in and run the business, he can't make it go using hired help [the only kind he has].
2007-12-14 14:52:26 · answer #2 · answered by Spock (rhp) 7 · 0⤊ 1⤋