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2 Replies Last post: Jan 14, 2008 8:24 PM by fmartin09

Start up loans for a new business, without established credit

Jan 14, 2008 8:07 PM

atwitsend 1 posts since
Jan 14, 2008

Anyone know of any resources that helps new business get funds to start a small business? I have been a Chef for 21years and now am able to start my own restaurant. I am leasing a location which I just got in Dec, 2007 and want to open Feb,2008. Most financial institutions want you to already be in business to get start up capital. Is there anything out there for the struggling starter upper?

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CorpCons08 1,128 posts since
Nov 14, 2007

1. Re: Start up loans for a new business, without established credit Jan 14, 2008 8:11 PM

I would be happy to speak to you.
You can contact me at d.skolnick@skolnick-associates.com.

CC08

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fmartin09 10 posts since
Jan 12, 2008

2. Re: Start up loans for a new business, without established credit Jan 14, 2008 8:24 PM

I'm a commercial banker and after reading your email it looks like you might be a good candidate for a SBA 7a loan. These loans are subsidized by the government and will offer you acceptable interest rates. I concentrate on commercial real estate loans, but I might be able to help you obtain your LOC. Simply follow the instructions on how to submit an SBA loan request... you can read more about this type of loans at:

http://www.sba.gov/services/financialassistance/basics/sbarole/serv_7a_useofproceeds.html

fmartin@prudential-capital.com

http://www.prudential-capital.com/

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ForumsFinancing Tips

This Question is Possibly Answered

Start up loans for a new business, without established credit

Jan 14, 2008 8:07 PM

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