I have a small business that deals in phone cards and intend to seek financial support from the bank for equivelent of $150,000 for expansion.  The business only have land as asset, which is not even registered and therefore have no actual value yet and the business has no for credit rating
216808
We can only provide you with information on how to prepare your business plan. Here are some resources that can help you write your business plan:\n\n- SBA Business Plan Basics http://www.sba.gov/starting_business/planning/basic.html\n- PowerHomeBiz.com Creating a Business Plan section http://www.powerhomebiz.com/startup/businessplan.htm\n- Entrepreneur.com Writing a Business Plan section http://www.entrepreneur.com/bizplan/0,7253,,00.html\n\nYou may also want to review some sample business plans to see how it actually looks like:\n\n- Bplans.com http://www.bplans.com/sp/businessplans.cfm\n- MOOT Corp Business Plan competition winners\nhttp://www.businessplans.org/businessplans.html\n- VFinance - View hundreds of real business plans in pdf format. http://www.vfinance.com/home.asp?bps=1&ToolPage=bps_main.asp\n- Business Owners Toolkit Sample business plans and information on how to create a plan. http://www.toolkit.cch.com/tools/buspln_m.asp\n- PlanWare Planning software and information. http://www.planware.org/\n- Virtual Business Plan Walk through the design of a business plan. http://www.bizplanit.com/vplan.html \n-SBA Business Planning Guide http://www.sba.gov/starting_business/planning/basic.html\n- Small Business Advancement Center http://www.sbaer.uca.edu/business_plan/businessPlan.pdf\n- Sample Business Plan General planning guide created by the Canadian Business Service Center. http://www.cbsc.org/servlet/ContentServer?pagename=CBSC_FE/display&c=GuideFactSheet&cid\n- Business Plans Index - A subject guide to sample business plans and profiles for specific business types from Carnegie Library of Pittsburgh. http://216.183.184.20/subject/business/bplansindex.html\n-\nSome recommended books are :\n\n- Business Plans Kit for Dummies \n- The Complete Book of Business Plans : Simple Steps to Writing a Powerful Business Plan \n- Writing Business Plans That Get Results : A Step-By-Step Guide \n- Business Plans For Dummies® \n- Your First Business Plan : A Simple Question and Answer Format Designed to Help You Write Your Own Plan \n\nHope that the above resources help
151521
contact zenith bank and they should be able to tell you if and how it can be done
128529
I recently retired from the real estate business in Central Florida after 27 years. For the past two years I have been offering free business mentoring services to young entrepreneurs. I can offer a variety of small business ideas depending on your personal interest and abilities. I will also make myself available for consultations by email or phone. I do not charge for these services.\n\nI must tell you that it is very difficult to get any (legal) business into a positive cash flow position that would be equivalent to your full time job. Most businesses take at least a few months to a year or more to start generating that kind of income. Can you afford to wait?\n\nIf you want to know more, please feel free to write to Bruce at boatclub@go.com . I will you help if I can.
571375
Unfortunately, you personal credit worthiness is probably the single most important criteria but it is still possible to get a loan.  Some things that may help you are a co-signer, a good business plan, and an income statement if the business is still operating.  You can find much more information on www.entrepreneur.com.
401169
Th e best thing for you to do is establish business credit soley under the business without using your personal credit.    You can obtain, office supply cards, home depot, mastercard, etc, if you establish credit under the business.   call this number they can help 888 208-6919
468533
The main problem with a start up is operating capital.  You need at least a years worth because it's nearly impossible to obtain credit until you are established.  It's catch 22, you have to have money for them to lend you money but if you have money you don't need it.  Good luck.
450989
Well... Guarantee is always required for small business loans. Sorry, can not get away from it. \n\nThe only loans that can be obtained without your guarantee are factoring and credit cards financing. But they are expansive options.\n\nThe steps for all other loans:\n\nCreate business plan. It must include projections for at least 2 years.\n\nNo down payment required for expansion.\n\nMake sure you have collateral. The following is the formula to calculate collateral:\nCollateral = (Personal Real estate value*0.8 – Mortgage) + Commercial Real Estate Value * 0.8 + Equipment value *0.5 + Inventory *0.1\n\nMake sure your credit score is 680+.\n\nCollect all necessary financial documents:\n1)Personal tax returns for the last 3 years\n2)Business tax returns  for the last 2 years\n3)Profit And Loss statement year to date\n\nWhile choosing bank, keep in mind that banks are specialized entities If you wanted Chinese food, you wouldn’t go to a steak house, would you? Banks are organized the same way. You will never find a bank that does all types of businesses and all types of loans.\n\nDo your homework. Call the bank, ask for a business loan officer and describe your business type and your financial needs. Try to avoid banks that will give you a general answer: “We make our credit decision on a case per case basis”. Most likely you will waste money and most importantly your time.\n\nComplete loan application – make sure there is no arithmetical errors, mistypings and all personal financial information is correct.\n\nSubmit the complete package – all documents that were requested by the loan office, in the order that was requested to the bank.\n\nOr you can simplify your life by using business loan broker. America One Funding is very good unsecured business loan broker: http://www.AmericaOneUnsecured.com/?AID=47737\n\nGrants are not so easy to get. But you can try: www.grants.gov\n\nSincerely,\nMarina Lando\nPresident\nBusiness Loan Quest\nhttp://www.blquest.biz
137259
I would suggest getting an up to date valuation from the company which initially valued the property at 50 to 60 k more. If the valuations are miles apart suggest that you would like to take the valuations to arbitration or contact the valuers institute and ask them for advice.
35230
call a broker or resale agency. they are usually connected through loan agencies.
186575
Check the developer's name/company through the better business bureau.  Ask for credit references.\n\nCan you wait two years prior to receiving the funds?\n\nDo you think you might get a cash offer any sooner?\n\nEight percent is a decent rate of return.\n\nBe sure to get a real estate attorney to review the contract for deed.  You need to make certain that you are protected if the developer flakes out 3 months from now and moves to Timbuktu.
671343
well if he requires a large minimum and you do not then you might be okay. i would act fast though and start calling your customers now and asking how they like your service and if you can do anything to improve it and if they are good customers do you offer credit maybe a 10n30 would be good enough to get them to buy from you
670043
The only way I know of is to get a co-signor on a loan, and re-establish your credit from there. See if your bank will work with you on a small credit-reestablishing loan as well. Most banks will, especially if you tell them your circumstances.
598416
Only a certified accountant could answer this for you---and surely you have one (?) and if not---you better get one-----The number of stores that you have---even the level of actual business you are doing has but certain input into whether or not your business is solid in its entirity---alot of factors go into this summary----Major companies with unbelievable cash flow go under on a regular basis for any number of reasons---too rapid in expanding being one of the culprits---assumation of debt loads beyond the business' capabilities is another---Major Repeat Problem with alot of business that fails is the fact that the people running the business are very familiar with their product or service and are emersed in that and have no skills or focus on the actual bottom line of the overall business---So there is no way anyone here can answer your question with any certainty---YOU NEED AN ACCOUNTANT---NOW
194649
It depends on the state you are in and the use of the funds.  Often, these resources are tied to SBA loans or some type of CCDC marketable tax credits.  Basically, you would still have to personally guarantee the loan...same as any collateralized bank loan.  Check with your local SBA officer.  They can help you.
330924
You could pay an escrow company to take the risk but that will cut into your profits.\n\nBasically this is the risk you run with dealing with a company in a place that you are unlikely to be able to get legal redress.  The best guarantee you have is the lure of regular business.\n\nGood luck
434359
You have to have a tax I.D. number for the business. Call or go into a local bank and they can help you get started. Good luck w/your business!
470810
Unless your idea is totally just out of this world and nobody has ever thought of anything like it you may experience a very difficult time in selling it.\n\nIf you were an entrepreneur and you were going to start a business would you buy an unproven plan?  The answer is No.\n\nWhat a buyer will ask is:  If the idea is so great, why aren’t you doing it?\n\nYour best bet if your credit sucks is to find a partner.