Home: Message List - In search of a loan for starting my laundry business-HELP

Re: In search of a loan for starting my laundry business-HELP

ggoodard — Wed, 20 May 2009 16:53:54 GMT

What is a huge loan?

Re: In search of a loan for starting my laundry business-HELP

phanio — Thu, 14 May 2009 22:22:04 GMT

Couple of things. Huge loans are hard to get unless you have great credit, lots of collateral, and significant income. SBA loans could help you but they take time and still require great credit, collateral and down payment of at least 10%.

As stated, you could find an investor. Get out into your community and talk to everyone. Attend networking events and just talk to everyone. If the people you talk to don't invest - they may know of other who will.

Business Money Today

Re: In search of a loan for starting my laundry business-HELP

axiomdp — Wed, 13 May 2009 21:25:39 GMT

You might want to consider an angel investor, since you are a startup it will be tough to convince a traditional lender to take the risk, especially in this economic recession. It would be wise to build "strong business credit" to offset some of your expenses while you are in a start up phase.

Re: In search of a loan for starting my laundry business-HELP

LUCKIEST — Wed, 13 May 2009 14:16:08 GMT

In search of a loan, Welcome

who are you?? Go to Members page and share some info

Are you starting a laundry business or a real estate business??

Talk to me, LUCKIEST

In search of a loan for starting my laundry business-HELP

shaelkhan — Wed, 13 May 2009 13:12:01 GMT

I am in the process of starting a laundry business and to develop my company further i need huge loan-FAST! Is it possible to acquire a quick accessible loan and be able to build my credit at the same time? My business requires a large sum of money, do you think i'll be able to get this amount in a reasonable amount of time? please respond.................................