What is the best way for me to obtain a small business loan?
I would like to start my own business. The start-up cost is about $15000 and I have bad credit. What route can I take on obtaining this amount of money? Any suggestions would be greatly appreciated.
Public Comments
- Get a partner with cash...you concentrate on performance?
- Actually, a lot of loan companies prefer cutomers with bad credit because they are likely to be paying back the loan for a long, long time. It is not the impedement it might seem. However, it would be best to save the money first. $15000 is not a lot of money, you could save it in a year and then save more money through not having to repay a loan. Make sure you have a solid business plan. Hope this helps a bit.
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