Home: Message List - Where do I get an application for a business loan

Re: Where do I get an application for a business loan

FC1234 — Fri, 22 Feb 2008 17:00:00 GMT

Hello Son Latino,
If your existing company is a sole-proprietor then the acquisition of the Wireless business solely relies on your credit worthiness. If the its structured as a corporation or an LLC and its not too closely held, you may be able to provide a co-guranotr from the existing corporation to strengthen the worthiness of the transaction...hope this helps a little.

Re: Where do I get an application for a business loan

travelhuni — Fri, 22 Feb 2008 14:03:55 GMT

hello, i am interested in your loan offer, please email me details if you can. Is it a credit card sales advance?
thanks,
April Bishop
www.TheVictorianHouse.net

Re: Where do I get an application for a business loan

LUCKIEST — Mon, 18 Feb 2008 01:37:51 GMT

Do you know about SCORE. SCORE is FREE and will help you
with your Business Plan
LUCKIEST

Re: Where do I get an application for a business loan

SON LATINO — Mon, 18 Feb 2008 01:12:53 GMT

Thank you, I really appreciate your time!

I have another question...I do have a business plan, but how do I know if it is done correctly. This is the first time I make one, I got a sample from "my business" web and followed their format and based it on the business I'm trying to buy. I wonder if I may be turned down once I present it to the lender for not being done prperly.

Re: Where do I get an application for a business loan

DomainDiva — Mon, 18 Feb 2008 01:02:22 GMT

Geet your personal financial statements and tax returns ready as well. Good job. Looks like you are thinking ahead. Good luck!

Re: Where do I get an application for a business loan

SON LATINO — Mon, 18 Feb 2008 00:51:23 GMT

The accountant that the business has had (for the last 6 years) is about to give me all the numbers/records for the last three years, can I present that to the lender. I do have a business plan already, I may need to revise it some more and it should be ready.

Re: Where do I get an application for a business loan

DomainDiva — Mon, 18 Feb 2008 00:30:25 GMT

First you need to do the due diligence on ths business you are purchasing. Hire an accountant to go over the books with a fine tooth comb. If fhe finds any problems then you may need a forensic accountant. Examine the tax returns ...ALL OF THEM.

Then you need to write a business plan and an executive summary. Then present yourself and the plan to various lending institutions to obtain money. You will also need to provide credit scores and a personal financial statement as well as audited financial statments and tax reutrns from the business you already own.

Credit is really tight right now and lenders are looking hard. You want to have all of your 'ducks in a row' when you go in.

Where do I get an application for a business loan

SON LATINO — Mon, 18 Feb 2008 00:12:31 GMT

I buying a wireless store and need about $45,000, how do I apply for this type (business) of loan. I currently own a business for the last 3 years, but want to get into the wireless industry.