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Shanelle Missy
Joined: 29 Sep 2009
Posts: 11
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| Posted: Wed Oct 21, 2009 4:09 am Post subject: How do I find a small business loan from an individual? |
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| 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. |
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Roger_Silvester
Joined: 29 Jun 2009
Posts: 51
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| Posted: Wed Oct 21, 2009 6:15 am Post subject: |
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Instead of seeking a loan from a private lender, i would suggest you to start looking for a loan is with your local commercial bank or lending institution. The lender will have all the forms you'll need to apply for a government-backed loan, and will work with the government on the application process.
You should also look to your state and local government agencies and local non-profits. Some of these organizations make loans directly to businesses, which means you won't need to go through a bank. |
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darryl
Joined: 25 May 2009
Posts: 7
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| Posted: Mon Nov 02, 2009 7:53 am Post subject: |
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| The SBA or Small Business Administration is an organization that is highly reputed, and helps small business owners and entrepreneurs receive funding for their businesses through government grants or low to no interest business loans. The key to getting a small business loan is preparation. First, gather together the documents that will help persuade the lender that a small business loan is necessary and that you are a good risk. |
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Elmira Nancy
Joined: 13 Nov 2009
Posts: 28
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| Posted: Thu Dec 10, 2009 8:49 am Post subject: |
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| Th e best thing for you to do is establish business credit soley under the business without using your personal credit. You can obtain, office supply cards, home depot, mastercard, etc |
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