Home: Message List - Getting started financially with new business

Re: Getting started financially with new business

barbnett — Fri, 21 Dec 2007 06:09:29 GMT

Since you have good credit it shouldn't be a problem for you to get a line of credit. Don't be afraid call or go to the banks and loans companies and apply for what you need. It's sounds as if your afraid and if this is true don't be. Your in a good position go for it and much success to you. I read some good things about Fifth Third Bank.

Re: Getting started financially with new business

CorpCons08 — Fri, 07 Dec 2007 23:18:34 GMT

I see this is still not answered. I'm not even sure if this user still reviews the board.
An amount of $5,000 or less, typically would be a personal loan for the consumer.
Anything over $5,000 would be eligible to become a business loan or line of credit.
If you have not received the financing you are looking for, feel free to contact me at d.skolnick@skolnick-associates.com.
I would be more than happy to assist you in getting the financing.

Re: Getting started financially with new business

LUCKIEST — Tue, 13 Nov 2007 17:51:06 GMT

You will get a lot of sound advice on this website. How soon do you plan on starting this business.
Have you spoke to a SCORE Counselor (on line or in person), SCORE can also offer you a lot of
sound advice, including a Business and Marketing plan.
Starting out using personal credit cards can get very expensive.

Good luck, LUCKIEST

Re: Getting started financially with new business

nel1214 — Tue, 13 Nov 2007 23:00:25 GMT

I need about 25,000. Would you recommend a personal loan?

Re: Getting started financially with new business

Ed O'Gee — Tue, 13 Nov 2007 20:15:36 GMT

If $2500 is what you need, you'd be better off getting a personal loan or credit option from a bank.

Getting started financially with new business

nel1214 — Tue, 13 Nov 2007 17:39:41 GMT

I am starting a new business in pack and ship. I am starting out using personal credit of $2500. I am looking for financing from a bank. My credit is stable and I can continue to get personal credit but would like to seek a bank that will give me a credit line or a loan. I do not know whether to go for a SBA or personal loan? As I said I do have stable credit history and can get credit cards. I do not have property to place for collateral only my credit history and business plan. Can anyone offer some sound advice please.