ForumsLoans and Lines of Credit

Sorry, Never tried prosper.com for a Small Business Loan.
Banks are in the business of making MONEY.
Yesterdays Wall Street Journal (Jan 26) Personal Finance:
Across the country banks have begun jacking up fees charged for A T M's charging $3.00
every time you use out of network A T M's.
GET THIS Banks generate about 4 BILLION a year in revenue from the fees and an additional
6 Billion from non customers
Insufficient funds fees rake in an additional 30 to 40 BILLION a year.
I am in the wrong business, LUCKIEST

Another organization to check out is www.accion.org. They will do startup loans up to $15K even if you have credit issues and they can loan up to $25K to operating businesses.

Grumble, grumble, grumble. Let me point out something. There is no such thing as a "simple startup loan". You seem to be under the impression that lenders should be lining up to help you just because you "have a great business idea". I've seen more business ideas that didn't get funded than the ones that did.

Lenders don't owe you anything. Get that one through your head. They have the money and you can either play by their rules or take a walk. There a big risks in small business lending because more small businesses fail than are successful by a large margin.

It takes more than a good business idea to get funded by a lender. In addition to having a well-written business plan and first-year projections that are realistic, a good credit rating and having your own money to invest are extremely helpful.

What it takes most of all is a "never say die" attitude to get your business funded. If one way doesn't work, try another. If one person on the phone isn't helpful, try another.

You aren't shopping for a car loan. There are few choices for people seeking startup business loans for less than $50,000. At the low end of the business lending market, the micro loan market, there are very few choices. That's because there really isn't any significant money for lenders to make in this market.

You should be grateful anyone would want to help you. ACCION is a small non-profit organization trying to fill a need with small business loans to people who otherwise probably couldn't get them. Stop grumbling and get to work.