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2 Replies Last post: Jun 4, 2008 12:00 PM by LUCKIEST

Starting a Loan Business

Jun 3, 2008 2:11 PM

gaza66 2 posts since
May 12, 2008

Hello All,

I was wondering if anyone has any information or can direct me in the process of starting a loan business. I know there must be some regulatory requirements and a formal process for doing so. I would initially want to focus on collateralized commercial loans maybe up to 500,000, and depending on the process could provide other types as well. Please advise.

Gary

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Bridge 364 posts since
Jun 3, 2008

1. Re: Starting a Loan Business Jun 4, 2008 11:51 AM

You might want to consider becoming a "franchise" location of an established firm or a "branch" location that you own, Several firms have this type of arrangement and it would help you on your learning curve tremendously; regulatory, marketing material, website, legal forms, etc.

Seach the web for such outfits.

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LUCKIEST 7,935 posts since
Aug 6, 2007

2. Re: Starting a Loan Business Jun 4, 2008 12:00 PM

Starting a Loan Business, Welcome and good luck

Under Members it says " Restaurant and Food Services"

Now you want to start a loan business??

Do you know about SCORE?? SCORE is FREE and can help.

LUCKIEST

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ForumsStarting a Business

This Question is Possibly Answered

Starting a Loan Business

Jun 3, 2008 2:11 PM

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