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September 26, 2009how can i get financing to start a business
all banks require minimum 2 year old business to give a loan
no one give a loan for new business
does someone knows a bank who gives a startup business loan ?
the thing is that i just turned 18 so i dont have credit history
i want to get loan under my mom’s credit she’s credit score is 670 i think
so its also a problem because the banks require exelent personal credit 670 is not exelent
and the thing is that i need just 20,000 to 30,000 the banks give loans for up to 100,000
i cant get just 30,000 from them
what to do ?
Banks generally aren’t in the business of loaning start-up capital. What you need to find is what is known as an "angel investor". Angel investors are private individuals or groups who loan start-up money, usually in exchange for a piece of the business.
To get an angel investor interested in your business idea, you need to have a rock solid business plan.
I would suggest that you visit StartUp Nation http://startupnation.com They have forums with lots of information on preparing business plans and soliciting money from angel investors and other sources.
Good luck with the venture!
Horaayy..there are 2 comment(s) for me so far ;)
The best thing to do is talk to somebody you know that has a bisness, get some advice and take a risk.
References :
Banks generally aren’t in the business of loaning start-up capital. What you need to find is what is known as an "angel investor". Angel investors are private individuals or groups who loan start-up money, usually in exchange for a piece of the business.
To get an angel investor interested in your business idea, you need to have a rock solid business plan.
I would suggest that you visit StartUp Nation http://startupnation.com They have forums with lots of information on preparing business plans and soliciting money from angel investors and other sources.
Good luck with the venture!
References :