ForumsFinancing Tips

http://smallbusinessonlinecommunity.banko
famerica.com/thread/4248?tstart=15

To avoid rehashing, I have posted another recent thread from this board with some info that may be useful.

As stated in his offer, LUCKIEST should also be a good resource for SBA qualification.

The more details you provide the more we can help.

Good luck.

Welcome to the community. If you move forward and then discover that lack of experience at running a business is, in fact, the main obstacle to getting the financing you need, you might consider "partnering" with someone who has that experience. He/she could potentially help you qualify for funding, provide business management training or mentoring to help get you started, and/or may be willing to invest in the business (if you have a promising business plan).

If you don't want (or can't find) a suitable partner, you might "hire" or contract with someone who has the expertise that would give you the necessary boost in credibility, but defer paying them by using a form of convertible debt. You can read my suggestion for how that might work in this thread:
http://smallbusinessonlinecommunity.banko
famerica.com/thread/4193?tstart=0

Hope this helps. Best wishes.

JB,

With a 790 FICO score, 10% down and plenty of assets to collateralize the loan, there is likely an SBA lender that will overlook the lack of direct experience.

Let me know if you need any assistance.

Marshall Lebovits
310-371-4011
www.Funding911.com