Home: Message List - I need help starting a new retail business .

Re: I need help starting a new retail business .

snowball — Wed, 27 Aug 2008 01:41:58 GMT

Yes, there are SBA loans for minority. I just can not remember the program, but you should be able
to find it on the SBA website.

Start up business is always hard to get financing as it is new and there is no history of whatsoever
except your own personal experience and credit history. Don't give up and just keep trying, I am
confident patience and due diligence will prevail.

Re: I need help starting a new retail business .

LUCKIEST — Wed, 27 Aug 2008 02:07:58 GMT

I need help starting a new retail business, Welcome Vanessa

Go to Members page and tell us more.

Have you tried contacting SCORE. SCORE is FREE

Can I read your Business Plan??

LUCKIEST

Re: I need help starting a new retail business .

snowball — Wed, 27 Aug 2008 01:31:49 GMT

Have you consider other type of business such as laundromat? If you like to have more information,
please let me know.

I need help starting a new retail business .

vgonz12 — Wed, 13 Feb 2008 18:17:45 GMT

Okay so I have done intense research on the how to's and I think I am doing pretty well. I finally have my business plan and I found various locations where I would like to open the shop. Now I need the funds. I contacted my local district for the SBA and they sent me a list of participating lenders in the SBA loans. I have called over 20 lenders and none of them can help me. They say I need to be in business for 2 years and some only offer the 504 loan and that requires for me to purchase real estate which i prefer not to purchase until my business does well. Where can I go? Who can I call? I also heard thier is programs for minority and women, does anyone know about these programs? I am very dedicated and I would like to open my business within the next few months. Please help with any advice.

Thanking you in advance,

Vanessa Gonzalez