Home: Message List - Small Business Start Up Loan (Young Business Owner)

Re: Small Business Start Up Loan (Young Business Owner)

TJMorehead — Tue, 18 Mar 2008 06:39:47 GMT

Hi Stateside Prop,

You have an interesting scenario. Seems like you've gotten a lot of great responses, and hopefully you were helped. In the event you need to seek other options, be advise that my company offers government financing. One of our programs is available with minimal criteria. I have provided for a synopsis of services we offer, please reference below:

One of the programs we offer, is called the CommunityExpress Loan especially designed for start-ups and emerging companies. There is no business plan required; no personal financial statements requested; not tax returns needed; no collateral required; no early payment penalties; no complex paper work; and no high interest rate. You only need a DBA (doing business as) certificate and a business checking account established in the name of the business.

Other funding programs available are:

Government Small Business Loans up to $2,000,000
Equipment Lease Financing
Contract Financing
Factory Financing
Revolving Lines of Credit
Merchant Card Processing Services
Merchant Card Express Cash Advances
Business Credit Building Program (a 7 month program)
Credit Restoration Services

I'll be happy to facilitate the appropriate funding program for you. My email is moreheadsconnections@gmail.com

Warm regards,
TJ Morehead

Re: Small Business Start Up Loan (Young Business Owner)

loan guy — Sat, 22 Dec 2007 01:55:58 GMT

I WENT TO COLLEGE IN OHIO AND HAVE A LOT OF INVESTORS AND FRIENDS THERE THAT YOU MAY CAN CONNECT WITH. I CAN ALSO ASSIST YOU GETTING THE FINANCING ON SOME OF THE PROJECTS YOU ARE WORKING ON. email me cory@walkerlender.com

Re: Small Business Start Up Loan (Young Business Owner)

Txbusiness — Fri, 21 Dec 2007 19:52:11 GMT

Yes I may be able to help you send me a message along with your contact information to jenny_rivera@hotmail.com thank you.

Re: Small Business Start Up Loan (Young Business Owner)

StatesideProp — Fri, 21 Dec 2007 19:42:18 GMT

THe thing with this business is you need to have money going in, however there is a lot to be made, and I know because ive been involved in it for over 5 years.

I just need someone to help me get started haha

Re: Small Business Start Up Loan (Young Business Owner)

WEBillions — Fri, 21 Dec 2007 08:49:03 GMT

So, a SBA loan won't really work for you yet, maybe in the future after you've proven yourself. Your business will need to be stable and profitable to qualify for an
SBA loan. You'll also have to put up basically everything you own as
collateral. If that doesn't pan out for you, you can also consider an
asset-based lender. The interest rate will be a little higher because
they are more likely to loan to what they consider higher risk
customers.

Re: Small Business Start Up Loan (Young Business Owner)

StatesideProp — Fri, 21 Dec 2007 05:13:01 GMT

Do you guys thing there are any grants that may be available? Problem is everyone seems to want your business to be established for 2-3 years!!! hard to get help in this country!

Re: Small Business Start Up Loan (Young Business Owner)

StatesideProp — Wed, 19 Dec 2007 21:20:53 GMT

Luckiest,
With your work with SCORE do you think there is anything available through you, etc? Just trying to get all my options I would like to have a written contract on these properties by the end of the year or first week in January.

David

Re: Small Business Start Up Loan (Young Business Owner)

LUCKIEST — Wed, 19 Dec 2007 20:53:31 GMT

David, Thanks for your answer. It sounds like a WIN - Win Situation. Best of luck.
Happy Holidays, LUCKIEST

Re: Small Business Start Up Loan (Young Business Owner)

StatesideProp — Wed, 19 Dec 2007 19:38:23 GMT

I currently have my name on the deed for one property which we bought for $265,000 did some work on and are now in the process of setting up a lease on. It appraised at $344,000 after we finished.

I appreciate the support guys! I can't afford high upfront fees, etc as I am a startup and young. I am looking to intially get money to start my business where I am going to purchase several types of properties:

1) Long term investments (Buy & Rent Out)
2) Section 8 Housing (Guaranteed income stream from Government)
3) Rehab Projects
4) Wholesaling Properties

The company is also a property management company and we are just getting off the ground.

I have several properties identified which fit the needs and if I can get funding I can purchase them, I am getting an amazing price as the person whose estate they were in passed away and his son has no desire to continue maintaining and running them, he just wants to sell.

These buildings range in price from $25,000 to $100,000 however they are all currently fully occupied, and the total income is around $20,000 then obviously expenses have to be deducted.

That way there would be no problem in covering the expenses of the loans, etc. It will allow me to purchase an office as well and get established. Naturally we will grow with time.

I am looking for as much money as I can get with the preferred amount being in the 2-500,000 range is possible, however I will take what I can get and make it work, as I have the desire, energy, passion, and knowledge base to succeed :-D.

Thanks

David

Re: Small Business Start Up Loan (Young Business Owner)

LUCKIEST — Wed, 19 Dec 2007 18:17:36 GMT

It is never to early nor to young to start your own business.
You sound like you have a successful background in Real Estate. Do you OWN any Real Estate??
Have you developed a Business and Marketing Plan?? You need outside capital and the Business Plan
will be one of the first things the lender or investor wants to see.
I am a SCORE Counselor and SCORE helps business people FREE. You can talk to a live SCORE
Counselor or visit online. Good luck, LUCKIEST