Bank » Small Business

How do you get a small business loan with bad credit?

Banks — Wed, 10 Mar 2010 22:11:07 +0000

__A_YAHOO_USER__ asked:

I am unable to get a bank loan because my credit isn’t take great. My husband and I co-founded Writing for Him Ministries in late 2008 but we don’t have the funds to put some programs that we’ve designed into motion and needed supplies for a direct marketing program. I have been writing since 1972 and have had 6 books of inspirational poetry and a young adult trilogy published.

What business credit cards are not attached to my personal credit?

Banks — Sun, 28 Feb 2010 05:48:47 +0000

Hello, I am trying to find out how to build my business credit without being attached to my personal credit score. I would like to know if anybody has information regarding what credit cards are available to do this. I would love any free information or links to sites that can tell me how to build my business credit. Thanks!!Submited by:Erick R

How can I get a small business loan? I have good credit but little cash or assetts?

Banks — Mon, 22 Feb 2010 23:01:13 +0000

Chrissy B asked:

I am looking into buying a small business just outside of Denver, Colorado but I have no idea where to start as far as getting a loan. I have good credit but would only be able to come up with $2,000 -$3,000 up front cash. As far as assetts, I have virtually nothing. Is a business loan even an option in this situation? I need a loan for about $230,000. The business I am looking into buying is well established and very lucrative would this factor into the loan situation?

Can you get a personal loan to use as your personal contribution on a business loan?

Banks — Sat, 16 Jan 2010 18:16:01 +0000

templeofdoom1234 asked:

I want to get a personal loan as my 20-40% contribution on a business loan. Can I do that?

How long does it take to get a sba loan secured through the veterans association?

Banks — Wed, 30 Dec 2009 04:02:02 +0000

k81953 asked:

my husband and I applied for a secured sba loan and the VA offers to vets a secured loan called the patriot act loan.
we applied at the liberty mo branch commerce bank with the loan manager. it has been over 9 weeks and the banker states he’ll get with us when he hears back. rarely does he return my calls about inqury.

How do I go about applying for a small business loan?

Banks — Tue, 22 Dec 2009 17:12:42 +0000

-I’m 22 yrs old.

***Am I too young to be approved for a business loan?

-I am about $4000 in debt (from medical bills only) but I have small monthly payment plans that I’m keeping up with.

***If you can prove that you are paying your debts off and that they are only medical related—can you still be approved for a small business loan?

***What is the minimum amount they usually give for a small business loan? What is the usual amount?

***When applying for one, do you apply in person, or on paper? Do you have a chance to show your business plans to the bank? Because I want them to know how profitable it will be, and how quickly I’d be able to pay the loan back.

Basically what I’m asking in all of this is:
Is applying for a small business loan very black and white, or does it all depend on if they trust that your business, specifically, will be successful enough to pay back the loan?

***********Also: Any tips?Submited by:MLRatyahoo

How do I get a loan or line of credit to start building more subdivisions as a Home Builder?

Banks — Mon, 14 Dec 2009 02:34:51 +0000

Rick James asked:

We are a new Home building company based out of Houston and have built 2 subdivisions. We are looking to build 3 these next two years and six the following years. How do I receive a loan or Line of Credit to build?

Customer data bank – any ideas on the best way to start?

Banks — Mon, 23 Nov 2009 04:36:23 +0000

I am in the process of starting a small business and I am asking for suggestions on how to set up my customer data bank. I am planning on using Quick Books for bookkeeping purposes, if that is relavant info. Any (software) suggestions? I would also like to use this software for newsletters (web oriented = email adresses). I cant imagine that an Excel spread sheet will be a good long-term solution. Tips?

By: eddievanhalen

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How often does Household Bank report to credit bureaus?

Banks — Wed, 18 Nov 2009 15:25:25 +0000

I recently got a Household Bank credit card in order to help build up my credit score. I have only used the card for small purchases and have paid off the balances for 2 months (the amount of time I’ve had the card) but no payments have shown up on my credit report as of yet. I was under the impression that Household Bank reported to the credit bureaus every month. Does anyone know when the payments might show up?Submited by:lissette

What is the best bank for small businesses?

Banks — Fri, 13 Nov 2009 23:04:52 +0000

My wife and I just started and LLC in the Houston, TX area and we wondering if anyone of you guys know which bank is best as far as bank charges, custormer service and interest rates. I have called a few banks in the area and Chase & Bank of America are the best so far. Any ideas?Submited by:Chillin A