Does anyone know about getting a small business loan?
598920
For small business loans, study SBA's requirements and credit criteria http://www.sba.gov/financing  \n\nIt is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.\n\nNonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.\n\nEven if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.\n\nEven SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html \n\n"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."\n\nHere is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.\nhttp://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show\n\nMost of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program \n\nGrants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs \n\nFor private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online. It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don't have listings of private foundations who give grants to would-be entrepreneurs.\n\nhttp://www.cfda.gov\nhttp://www.grants.gov\nhttp://gtionline.fdncenter.org\nhttp://www.powerhomebiz.com/vol66/grants.htm\nhttp://www.sba.gov/expanding/grants.html
367555
they are loans for sme's small and medium enterprise
424038
Try a bank first - a local bank, credit union. \n\nThen consider places like beneficial finance.\n\nMake sure they are legitimate places to obtain a loan - at reasonable terms.\n\nGood luck\n\nPS: on my website, I have a link to bankrate - here you can research places to get loans as well as local rates.
466415
A new business idea rarely qualifies for a bank loan (unless you have collateral).  You may however, be able to get an SBA loan.  Your banker can help you with this.\n\nMost likely, you will have to use your own money to start a small business.  Take a 2nd loan out of the equity in your house, use your savings, use 'cash advances' on your credit cards, etc.  These of course are risky and expensive.\n\nIt may be best to 'start small' with your idea and 'test the waters' to see if you can make it work.  Maybe renting a kiosk in a mall would be feasible.\n\nBest wishes and good luck!
970459
You could write about crafting the application to secure the loan from the SBA(small business association). What goes into the process, the information you need, other sources of funding, etc.\n\nA sort of 'How To' for actually getting the money.
869659
For small business loans given by the government, go to the SBA website http://www.sba.gov/financing . Read their criteria for borrowers and other information.\n\nIf you need less than $35,000 you may want to consider SBA's Microlending Program http://www.sba.gov/financing/sbaloan/microloans.html\n\nAs for grants, it is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.\n\nNonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.\n\nEven if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.\n\nEven SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html\n\n"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."\n\nHere is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.\nhttp://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show
921654
If you are only looking for $3,000, check out SBA's Microlending program http://www.sba.gov/financing/sbaloan/microloans.html which provides loans up to $30,000. For that amount, you can use your credit card instead.\n\nIt is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.\n\nNonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.\n\nEven if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.\n\nEven SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html... \n\n"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."\n\nHere is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.\nhttp://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show\n\nMost of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program \n\nGrants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs \n\nFor private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online. It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don't have listings of private foundations who give grants to would-be entrepreneurs.
424545
Call you local "Small Business Administration" also look for another one called "SCORE" You can get some free help and ASK about any GRANTS that may be available to you. Sometimes, if you start a business in a Rural area the Government may give you a Grant (FREE Money) to help the economic conditions of a rural area. Good Luck. \nOh! I get $50 an hour/minimum for Business Consultation. This took me 5 minutes so that be $50 you owe me. I take cash or kisses your choice. :-p\nP.S. The Small Business Administration requires you try 3 loan sources and if you get turned down and have a business plan they will loan the money, I THINK that how they do it, but, ASK.
709409
I hopr this link will give you the better idea..\n\nhttp://www.freewebs.com/get_loan/
105427
SBA provides through its conduit lending institutions loans to credit-worthy startup and existing businesses. The borrower, however, must meet these criteria: borrower must have a stake in the business, strong business plan and good personal credit rating.\n\nSBA has prepared a detailed loan package checklist that applicant must have in order to get a government loan through SBA. The list includes personal financial information such as personal financial statements, tax returns, resume of proprietors or partners, amount of owner's capital infusion and credit report. You also need to submit information about the business such as business plan, cash flow projections, projected profit and loss, business credit report, among others. You would also need to submit collateral requirements, and other supporting information that can help prove your credit worthiness.\n\nRead SBA's Preparing and Presenting a Loan Proposal:\nhttp://www.sba.gov/starting_business/financing/loanproposal.html\n\nSBA's Applying for a Loan\nhttp://www.sba.gov/starting_business/financing/applyloan.html\n\nHope the above resources help
134324
Yes there are. You must file the proper request forms and file a business plan. Many business startup grants and loans are available. Research U.S. government grants and loans and contact the SBA (small business association)
1073428
In my experience it is almost impossible to get a loan to start a business, especially if you have bad credit. \n\nTry friends and family for loans.\n\nDon't give up. If comedy is your thing, try to start a less expensive business with comedy and work your way up. I imagine a club and restaurant must cost a fortune.\n\nThe best advise I ever got on starting a business was to create a business plan. It helped me see exactly what I needed and was like a road-map that always pointed me in the right direction.\n\nI did however underestimate the amount of start-up capital by about one half. So whatever you think you need for money....you will probably be off. I have heard this from a lot of business people.\n\nTry searching the Internet for small business assistance. Call your local Chambers of Commerce, sometimes they can point you in the right direction. \n\nBest of luck to you.
943979
There's none.\n\nYou stand a greater chance of getting a government-guaranteed loan through the Small Business Administration http://www.sba.gov/financing than a government grant. Read the SBA Financing page to learn about criteria needed for borrowing \n\nIt is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.\n\nNonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.\n\nEven if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.\n\nEven SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html\n\n"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."\n\nHere is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.\nhttp://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show\n\nMost of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program \n\nGrants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs \n\nI suggest you read the following books to get ideas of how to finance your business:\n\nFinancing Your Small Business  http://www.amazon.com/exec/obidos/ASIN/1572484500/powerhomebizguid\nSmall Business Financing: How and Where To Get It http://www.amazon.com/exec/obidos/ASIN/0808007386/powerhomebizguid\nFinancing the Small Business: A Complete Guide to Obtaining Bank Loans and All Other Types of Financing http://www.amazon.com/exec/obidos/ASIN/1580626815/powerhomebizguid\nThe SBA Loan Book http://www.amazon.com/exec/obidos/ASIN/158062202X/powerhomebizguid\nAngel Capital : How to Raise Early-Stage Private Equity Financing http://www.amazon.com/exec/obidos/ASIN/0471690635/powerhomebizguid\nFinancing Your Small Business (Barron's Business Library Series) http://www.amazon.com/exec/obidos/ASIN/0764124897/powerhomebizguid\n\nFor private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online http://gtionline.fdncenter.org  . It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don't have listings of private foundations who give grants to would-be entrepreneurs.
688866
Yes, I actually do what it is you're speaking of.  Not small loans, but loans between 10-100k+.  It's quite an interesting process which centers around what you offer for collateral.\n\nFor example, if you have a home worth 100k and have it paid off, or even mostly, it's pretty easy to get a loan, even with very poor credit.  If you have a business, and are struggling to get a loan, if you have assets (equipment, accounts receivable, contracts, real estate, etc), there are people who specialize in loans on business assets.\n\nExpect to pay a high interest rate and sometimes a high origination fee.\n\nFeel free to email me with any questions, good luck!\n\nJared
1081087
You should check out Brian Sacks' Website at:\nhttp://www.loanofficersuccess.com
468978
Check out Prosper.com   It is a really neat website to get small unsecured loans.\n\nIf it has anything to do with real estate, email me and I will send you my groups contact information.   matt@eastbaylending.com
716243
The bank, surely if your running any business of worth you could eaily get a loan for such a small amount.