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2 Replies Last post: May 11, 2008 9:30 PM by OhSoFierce

I need help obtain a loan for my boutique

May 11, 2008 8:51 PM

Click to view OhSoFierce's profile Start-up OhSoFierce 2 posts since
May 11, 2008
I am wanting to open up a boutique in my area because there is no where to shop but the local belk and they have a very SMALL selection and if you were to buy clothes you would have to drive atleast 30mi to the nearest mall or whatever. I want to carry designer clothes, jewelry, shoes and such. I know for a fact that the business will do exceptionally well because I have talked a large amount of people asking them if a boutique would do good, and they will tell you, "I will definetly buy from you instead of driving in traffic to pay outrageous prices". I already have a location that I want because its a good traffic area and its on the main street. I need about a $200,000 loan to fully stock, decorate my boutique. I am wanting the loan for no longer than 10 years, which I know is a very long time but when the business really picks up good which I know for a fact it will it will be paid off in 6 years. I have already contacted companys to carry there products I just need help getting the money. My personal credit is not so good but I am paying off all my debtors within the next 30 days.
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,935 posts since
Aug 6, 2007
1. Re: I need help obtain a loan for my boutique May 11, 2008 9:26 PM
Need help obtain a loan for my boutique. Welcome to this web site.
Where are you located like City and State??
Do you have a Business Name?? How about a Business Plan that I can see??

LUCKIEST
Click to view OhSoFierce's profile Start-up OhSoFierce 2 posts since
May 11, 2008
2. Re: I need help obtain a loan for my boutique May 11, 2008 9:30 PM
in response to: LUCKIEST
It will be located in Reidsville, NC. I already have a name...OhSo Fierce Boutique. I do not have a business plan just a rough draft of finances(were my boutique will be in 5 years, inventory, salaries....