getting a business loan without any credit or bad credit possible?

Question

I have fresh credit and a credit card that has nearly 1k to be paid off. I need to get a loan to open a business, about 6k. Is this possible and where is this possible?

Answer 1

I doubt very much if any lending institution will lend money without some collateral especially if you are starting a new business. Most would ask for personal information, the assets you own, cosigners on the loan etc. banks are notorious for wanting to lend you money when you don't need it .

Answer 2

Small business loan are a great financial help for small business owners. Without monetary support, a business, whether it is big or small, can not be run smoothly. With a small business loanit could be commercial or personal. Oppositely, the unsecured option comes without any such requirement. This option is appropriate for those entrepreneurs who are not interested in pledging their property against any loan.

Answer 3

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.
http://debts-to-wealth.com/category/Government-Small-Business-Loans.html

Answer 4

sounds like buying a second vehicle will seriously put you in over your heads, That's another set of road tax, MOT, insurance and running costs to bear BEFORE you even consider the extra cost of the car loan. Insurance and running costs for a "tough" 4x4 are going to be more than your zaf. I take it by tough you mean something on the likes of a land rover (not a freelander...piss weak) or a jeep Cherokee (tough!) do not even for a moment consider something like a Hilux surf or shogun, these are not tough, are made of metal barely thicker than tin foil and rust like hell. The Zaf is more than capable of lugging a family and towing a trailer. A Ford Galaxy may be a better car for you to run though, Fords are generally reliable and ignoring the sporty ones have always been pretty cheap to insure and run. If you are going to struggle while the Zaf is in the shop then consider leasing or hiring another people carrier while its being worked on. A Lease car price will also generally include the tax,servicing etc. in fact it may be cheaper in your financial state to lease rather than buy another car on HP.