Business loan?

Discussion in 'The Professional Gallery' started by JEazy, Jul 10, 2006.

  1. JEazy

    JEazy TPF Noob!

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    I recently heard about people getting business loans to get there business started and i was wondering how i should go about getting one or if anybody has information they could share with me about them. thanks.

    -justin
     
  2. Alison

    Alison Swiss Army Friend Supporting Member

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    Three words. Small Business Administration. :D
     
  3. bethany138

    bethany138 TPF Noob!

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    Yep. Write a business plan 1st. Another route - for lower end stuff - I only needed $5000 to upgrade my equipment, etc... and I was able to get a signature loan from a local credit union. Interest is high... but they can't repo my equipment...lol. :)
     
  4. JEazy

    JEazy TPF Noob!

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    ha sorry but, could you guys go into more detail? i'm pretty sure i would only need around $5000...
     
  5. bethany138

    bethany138 TPF Noob!

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    Do you have a credit union in your town? In order to borrow money from one you have to be a member (go talk to them). Banks are another option possibly. A signature loan is where there is no collateral - only credit. I had to have my dad cosign with me because my credit rating is not high enough. 5000 is their limit. Go talk to a bank or something in your area for their specifics.

    b
     
  6. Jeff Canes

    Jeff Canes No longer a newbie, moving up!

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  7. Jeepnut28

    Jeepnut28 TPF Noob!

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    listen to this guy for a couple of days......you can stream his show off of the internet......


    www.daveramsey.com
     

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