if you buy a business that is a proven moneymaker is it easier to get business loans etc even if you have bad credit or no credit any help would be. Small-Business-Forum.net - Powered by vBulletin · Help. Remember Me?
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Small-Business-Forum.net - Powered by vBulletin · Help There's some bad news for people hoping President Obama's plans to spur small-business lending would reap quick results. A Government . 1) The ability to repay (cash flow to service the loans - this cash flow does not have to come from the business - it could also be outside income) and 2) The willingness to repay - meaning credit history - have you paid your creditors in the past. Once you get by this
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Small-Business-Forum.net - Powered by vBulletin · Help Im basically trying to start a retail store but due to my credit (which is between 620-700), the fact Im a startup, and being unemployed I cant seem to find the funding I need to get things off the ground. I have a few I dont qualify for an SBA loan as the few banks in the area that offer SBA loans dont offer it for startups. . Unless you really know retail in general and your product line specifically its a bad idea.
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If i wanted to buy a $400,000 business and only had a down payment of $30,000, is this possible to get a loan that high with so low of a captitol. Not to mention no credit (not bad or If nothing, get a few cards to start some credit. Absentee business is not a good idea. He was lucky enough to have little competition and some pretty good pricing power. Think about a business model that lets .. Powered by vBulletin® Version 3.7.3. Copyright ©2000 - 2015, Jelsoft
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