I am wanting to apply for a small business loan. I have a solid business plan, a great location, good credit, but I have NO collateral.
Has anyone been in a similar situation? How did it turn out?
8
Apr
Apr
Does anyone have any experience applying for an SBA start-up business loan?
Posted by Admin in Thursday, April 8th 2010 2 comments already
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2 Comments Already
Southern Star Said,
April 8th, 2010 @4:29 am
Go to bank manager and explain your situation. He’ll love your solid business plan and good credit.
Check to see if your city has a SCORE (Service Corps Of Retired Executives) chapter and see if they can advise you . These are retired business owners and they can advise you on what to do and not to do when asking for federal funding.