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3 Replies Last post: Aug 26, 2008 10:07 PM by LUCKIEST

I need help starting a new retail business .

Feb 13, 2008 1:17 PM

vgonz12 3 posts since
Feb 13, 2008

Okay so I have done intense research on the how to's and I think I am doing pretty well. I finally have my business plan and I found various locations where I would like to open the shop. Now I need the funds. I contacted my local district for the SBA and they sent me a list of participating lenders in the SBA loans. I have called over 20 lenders and none of them can help me. They say I need to be in business for 2 years and some only offer the 504 loan and that requires for me to purchase real estate which i prefer not to purchase until my business does well. Where can I go? Who can I call? I also heard thier is programs for minority and women, does anyone know about these programs? I am very dedicated and I would like to open my business within the next few months. Please help with any advice.

Thanking you in advance,

Vanessa Gonzalez

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snowball 10 posts since
Aug 23, 2008

1. Re: I need help starting a new retail business . Aug 26, 2008 9:31 PM

Have you consider other type of business such as laundromat? If you like to have more information,
please let me know.

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snowball 10 posts since
Aug 23, 2008

2. Re: I need help starting a new retail business . Aug 27, 2008 9:32 AM

Yes, there are SBA loans for minority. I just can not remember the program, but you should be able
to find it on the SBA website.

Start up business is always hard to get financing as it is new and there is no history of whatsoever
except your own personal experience and credit history. Don't give up and just keep trying, I am
confident patience and due diligence will prevail.

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LUCKIEST 7,912 posts since
Aug 6, 2007

3. Re: I need help starting a new retail business . Aug 26, 2008 10:07 PM

I need help starting a new retail business, Welcome Vanessa

Go to Members page and tell us more.

Have you tried contacting SCORE. SCORE is FREE

Can I read your Business Plan??

LUCKIEST

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ForumsStarting a Business

This Question is Possibly Answered

I need help starting a new retail business .

Feb 13, 2008 1:17 PM

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