August 9th, 2009
raju79
MLRatyahoo asked: -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?
Posted in Small Business
Tags: Applying For A Small Business Loan, Show Business, Small Business Loan
August 8th, 2009
raju79
inspection338 asked:
I need to take at least a $250,000 loan to start up a flight school as a small business and I am not sure which type of loan I should be looking for. Help please.
Posted in Small Business
Tags: Flight School, Loan Business, Small Business Loan
July 12th, 2009
raju79
big_cat_1999 asked:
I am a small business wanting to expand with additional employees, office equipment and working capital. I need an individual who can loan this money as my personal credit is not good enough to get a business loan.
Posted in Small Business
Tags: Money, Personal Credit, Small Business Loan
July 10th, 2009
raju79
Chrissy B asked:
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?
Posted in Small Business
Tags: Buying A Small Business, Denver Colorado, Small Business Loan
