business loans..

[regal8r 5,000+ posts]

a business plan. good credit, some money.

thats where the loan comes into play //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif

 

[mikeyboc 10+ year member]

Honestly, in most cases, inorder to get a business loan, you are going to have some capital of your own to invest initially. If not, the bank is th only one that stands to lose money should the business fail, and they don't like that idea. If you have no vested interest in the success and repayment of the loan; they won't either.

 

[regal8r 5,000+ posts]

Honestly, in most cases, inorder to get a business loan, you are going to have some capital of your own to invest initially. If not, the bank is th only one that stands to lose money should the business fail, and they don't like that idea. If you have no vested interest in the success and repayment of the loan; they won't either.

u have to have money to make money...//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

 

[luvinthebass 5,000+ posts]

lol nice avatar milkyboc

 

[Chevillac 5,000+ posts]

u have to have money to make money...//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

if you said this....^

thats where the loan comes into play //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif

why would you say this?^

thats exactly what i was going to respond with.

 

[mikeyboc 10+ year member]

u have to have money to make money...//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif

More or less . . . . yes. The amount of the loan you are seeking, definately depends on the amount of capital you have to start. If youhave nothing to contribute, then scale back, save money, and get a business plan together. A solid business plan can overcome some obstacles, but not all.

Also, if you are strapped for cash, you may consider taking on partners to help carry the financial burden.

 

[Chevillac 5,000+ posts]

when my brother started his business, most of the money came from my aunts, my mom, me, his wife's parents (they bought his truck and equipment for him), and friends. he didnt get a loan until about a year into running the business.

 

[regal8r 5,000+ posts]

how much money do u think i should save up??

 

[MikeofTulsa Moderator]

as much as possible?