We are all listening attentively about lenders on the radio, television, newspapers, and the Internet of promises to be “small business friendly”, “small business oriented”, wanting to be your “personal small business advisor” and a panoply of packages taking care of all your business needs. What small businesses really need is money, not personal hand caring services. So is there anyone out there really making small business l Continue reading this entry »
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Question about business loan
How can I get a small business loan? I have good credit but little cash or assetts?
I am looking into buying a small business just outside of Denver, Colorado but I have no idea where to start as far as getting a loan. I have good credit but would only be able to come up with $2,000 -$3,000 up front cash. As far as assetts, I have virtually nothing. Is a business loan even an option in this situation? I need a loan for about $230,000. The business I am looking into buying is well established and very lucrative would this factor into the loan situation?
The word Loan does not need any specific definition nowadays. Yet the meaning of Business Loan at this juncture could well be defined as money borrowed for the specific period of time at the agreed rate of interest by the particular person who operates some business or projects to start some business. The terms of repayments of such loans are also required to be mutually agreed upon in the official format. The definition of Bus Continue reading this entry »
Jan 05
Business Loans Sources: Sometimes You Have to be a Little Creative in Finding the Money
By MyPyBox3 CommentsQuestion about business loan
Business loan?
I own a cleaning business and I want to buy out another cleaning busniess, how would I go about getting a loan to do this? I have only been in business for myself for 3 months. I am still trying to rebuild my credit as well. help
The recent credit crunch has caused banks and other traditional lenders to tighten their underwriting standards. Financing for start-up and small businesses has become more difficult to obtain. Now, more than ever, entrepreneurs have to be a little creative in seeking financing. If you are a business seeking financing here are few sources that may aid you in your search.
Angel Investor
Question about business loan
How do I go about applying for a small business loan?
-I'm 22 yrs old.
***Am I too young to be approved for a business loan?
-I am about $4000 in debt (from medical bills only) but I have small monthly payment plans that I'm keeping up with.
***If you can prove that you are paying your debts off and that they are only medical related—can you still be approved for a small business loan?
***What is the minimum amount they usually give for a small business loan? What is the usual amount?
***When applying for one, do you apply in person, or on paper? Do you have a chance to show your business plans to the bank? Because I want them to know how profitable it will be, and how quickly I'd be able to pay the loan back.
Basically what I'm asking in all of this is:
Is applying for a small business loan very black and white, or does it all depend on if they trust that your business, specifically, will be successful enough to pay back the loan?
***********Also: Any tips?
Among these loans, some loans satisfy your personal financial needs and some help you to come out of your business financial problems. The loans, that offer you financial help to start a new business or to expand your business are known as loans. These loans can be taken not only to start or expand the business but also to purchase furniture or machinery to improve your business. Compared to the other financial sources that pro Continue reading this entry »
Question about business loan
How to contact small business loan department of a bank to sell them online advertisement?
My online business provides a steady stream of companies looking for business capital and business loans. I want to contact the small business loan department of a bank, such as Bank of America, Capital One, American Express, and sell them membership (if they are a member, they can see hundreds or even thousands of hot prospects every month). How do I find the contact phone and person? I contact customer service of Bank of America but they don't give the contact information to me. Besides, should I contact their e-commerce marketing department, or the loan department, or both?
Since success of a business is determined by the soundness of its financial status, a business owner must arrange sufficient finance to meet various routine and unplanned expenditures of his or her business. With the ever- increasing rivalry in the corporate world, a business owner can experience necessity of funds anytime. Since these financial requirements are unavoidable, delay in arranging funds can hamper the functioning o Continue reading this entry »