ForumsFinancing Tips

Up to All Forums

This Question is Not Answered

1 "correct" answer available (5 pts) 3 "helpful" answers available (4 pts)
Post a new topic
7 Replies Last post: Jan 14, 2008 9:27 PM by trentton

Unsecured bussiness loan! with out any credit

Jan 12, 2008 1:12 AM

Click to view trentton's profile Professional trentton 8 posts since
Jan 4, 2008

im trying to get a loan for like 7k, A few banks and othr places tells me i have a really good bussiness plan
but they cannot loan me this small amount only because i dont have any credit!!!! can any one refer me to any private investors for a unsecured loan, or who can i talk to about setting up a meeting to show investors my plan? i live in phoenix az!
Tags: Report as inappropriate
Click to view LUCKIEST's profile SCORE LUCKIEST 7,912 posts since
Aug 6, 2007
1. Re: Unsecured bussiness loan! with out any credit Jan 12, 2008 7:10 AM
T, a 7 K loan sounds easy enough for a private investor. Tell us more.
Is this a business loan?? Tell us why you want or need the loan??
Where are you located and what kind of business??
Private investors will want to see your business plan.
Good luck, LUCKIEST
Report as inappropriate
Click to view trentton's profile Professional trentton 8 posts since
Jan 4, 2008
2. Re: Unsecured bussiness loan! with out any credit Jan 12, 2008 8:45 AM
in response to: LUCKIEST
Ok, im located in phoenix Arizona, This is a bussiness loan. I own my own website selling e-books (digital downloads) like a online library book store, i ve been an established bussiness for about almost a year now, and i have great income, but now i need a loan to get a proffessional web developer to make my website for me, to get a more proffesional look and feel, and get better web tools for the site. and better advertising for my such as higher ranking from yahoo for more website trffic. paying the loan back is not a problem, i just need to find a private investor.
Report as inappropriate
Click to view createacareer's profile Start-up createacareer 1 posts since
Jan 14, 2008
3. Re: Unsecured bussiness loan! with out any credit Jan 14, 2008 12:15 PM
Try signing up for www.prosper.com it is a place where you can try to get a loan..but it is a large group of everyday people that are giving and taking loans from $50 to $25000
Report as inappropriate
Click to view fmartin09's profile Professional fmartin09 10 posts since
Jan 12, 2008
4. Re: Unsecured bussiness loan! with out any credit Jan 14, 2008 8:26 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 (as opposed to most little lenders that you'd find online). 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/

Report as inappropriate
Click to view CEO Space's profile Mogul CEO Space 271 posts since
Jan 13, 2008
5. Re: Unsecured bussiness loan! with out any credit Jan 14, 2008 8:30 PM
check out www.prosper.com
Report as inappropriate
Click to view CEO Space's profile Mogul CEO Space 271 posts since
Jan 13, 2008
6. Re: Unsecured bussiness loan! with out any credit Jan 14, 2008 8:35 PM
in response to: fmartin09
fmartin,

Really? Interesting. I thought to get an SBA loan, you had to be first approved by the bank and then SBA would consider it for the guarantee.

Tell me more please.
Report as inappropriate
Click to view trentton's profile Professional trentton 8 posts since
Jan 4, 2008
7. Re: Unsecured bussiness loan! with out any credit Jan 14, 2008 9:27 PM
in response to: CEO Space
NOT EVEN GOING TO BOTHER WITH THAT SBA STUFF, JUST TOO MUCH NON SENSE TO O THROUGH
Report as inappropriate

More Like This

Most Recent Forum Posts

STOP! WHAT IS IT? NEED TO KNOW BASIS
5 hours ago

What it takes to start a business?
5 hours ago

The Truth about Cash Advance Factoring
5 hours ago

getting noticed
6 hours ago

Legend

  • Open Question
  • Answered Question
  • New content since your last visit
  • Updated content since your last visit
  • Content you have read