Mar
30
2009
Are there real legitimate small business loans out there that are obtainable?
Author: Wade Henderson
charliesworld05 asked:
I see a lot of advertisements for Small Business loans. But are there any out there that are within reach of obtaining?
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I see a lot of advertisements for Small Business loans. But are there any out there that are within reach of obtaining?
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March 31st, 2009 at 12:53 pm
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Beware of Advance fee Loan scams: Do Not Pay UpFront Fees.
If you are lookin for a loan try borrowing from private lender(s)(up to
$25K) from this website… It’s 100% Legit.
April 1st, 2009 at 4:49 am
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you will need a business plan to MAYBE get a legit business loan
April 2nd, 2009 at 1:55 pm
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Many of the National banks and some community banks have small business loan programs. When getting a loan here are things the bank looks for:
A business plan detailing the product/service,, customer,location, and financial analysis.
Your business experience and how well you understand this industry. Can you make this business work. Do you have personnel on your staff to supplement your lack of skills.
Credit history which demonstrates your ability to handle credit. Your personal credit score needs to be well above average.
What collateral do you have and how can you guarantee the loan in case of problems.
Terms – How much, How long and For what? Can the what be reposed in case of problems?
Your equity. They like to see you putting up more than 25% of what you need.
You could try the SBA Microloan Program where you can get up to $35K. .