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8879 Views 12 Replies Latest reply: Apr 27, 2009 12:54 PM by fundme
egarceau76 Newbie
egarceau76
Currently Being Moderated

Oct 10, 2007 2:40 PM

having trouble getting loan

i tried to get a loan but was told not enough credit
  • Trojan2424 Newbie
    Trojan2424
    Currently Being Moderated
    Oct 11, 2007 8:43 PM (in response to egarceau76)
    Re: having trouble getting loan
    are you looking for start up capital or additional working capital?
  • Marks Funding Newbie
    Marks Funding
    Currently Being Moderated
    Oct 11, 2007 8:47 PM (in response to egarceau76)
    Re: having trouble getting loan
    I am familar with and can provide you with information on merchant cash advances as well as alternative funding sources. I do this for many people in many different business categories b/c there are moany new business owners who are not aware of alternative funding sources.(other than banks)
  • Altloan Newbie
    Altloan
    Currently Being Moderated
    Oct 12, 2007 11:53 PM (in response to egarceau76)
    Re: having trouble getting loan
    Sorry to see that. I know of alternative ways that might work out for you. mailto:vjm93@hotmail.com
  • score81 Novice
    score81
    Currently Being Moderated
    Oct 14, 2007 11:27 AM (in response to egarceau76)
    Re: having trouble getting loan

    There are three area need special attention when having problem in getting Loan:

     

      1. Personal Credit: If you have problem on personal credit like following
        1. Not enough credit history
        2. Credit Score Low called ( FICO)
        3. Bad Credit SCORE because of bankcruptcy etc
        4. Bad Credit Score for late payments.
        5. Any other reason
      2. Personal Income is not enough to qualify for the lone.
      3. Bank does not think the property qualifies for loan and too risky to give loan.
    • Solution to all these problem are as follows:
      • Ask ne of your realtive to cosign for you on the loan document.
      • Ask the family to loan you money for higher down paymet.
      • In case property is risky, ask seller to finnace you at decent rate.

    I hope it helps you to get through it.

  • WEBillions Novice
    WEBillions
    Currently Being Moderated
    Oct 21, 2007 7:24 PM (in response to egarceau76)
    Re: having trouble getting loan
    Try an asset-based lender. You should be aware that the interest rate will be a little higher than an SBA loan, because they are more likely to loan to what they consider higher risk customers. To compensate, they will charge you more. But, at least it's an option. Good luck.
  • LUCKIEST Master
    LUCKIEST
    Currently Being Moderated
    Oct 21, 2007 7:31 PM (in response to egarceau76)
    Re: having trouble getting loan
    76, There have been 6 answers to your question of having troule getting a loan and NO more info from you.
    Tell us more. The more you share, the better we can help you succeed.
    LUCKIEST
  • LUCKIEST Master
    LUCKIEST
    Currently Being Moderated
    Nov 20, 2007 9:55 PM (in response to egarceau76)
    Re: having trouble getting loan
    Tell us more. Tell us about yourself, Why you want a loan?? Why not enough credit??
    Personal?? Business?? Do you have a house, own real estate??
    The more you share, the better we can help you.
    LUCKIEST
    • brainbag Newbie
      brainbag
      Currently Being Moderated
      Nov 21, 2007 8:51 AM (in response to LUCKIEST)
      Re: having trouble getting loan
      Hi Lucky,
      My background is in the entertainment industry.I do not need the loan now.I just want to know the details in case i might need it in future.Am still @ the embryo stage of developing my online website.That is why am here looking for help from the community.I have great ideas that i want to put onthe worldwide web.But i do not know how to go about it.I'm here to know how much it will cost me to build this website that am talking about without my ideas being stolen.Also how to get great group of people to work with on this idea because it will require alots of hardworking people in different cities working for one goal.Which is success.Since i do not have much money i would love to know how i can get people to work for me and believing in this dream together.I'm suggesting maybe i should go into contractual agreement with them.Because am very confident that if we start right within 6 months we will start reaping our rewards.

      That is y am looking for a professional web designer,graphic artist and a very good public relation person.

       

      I hope i can find help here?

       

      rgds,

       

      Samson.
  • MaxAdvance Novice
    MaxAdvance
    Currently Being Moderated
    May 8, 2008 11:11 AM (in response to egarceau76)
    Re: having trouble getting loan

    Hello,

    My name is Solly and I am a financial consultant at a company called MaxAdvance in New York City. We are currently helping several small businesses with our cash advance program. What we do is offer unsecured loans to be used for whatever you desire without collecting collateral. We won't take compounding interest; just one set factored rate which means you can take as long as you need to pay it back without any penalties. CREDIT IS NOT AN ISSUE WITH US. All you need is a credit card terminal at your business as a source of incoming payment, which we would use to collect the payback by taking a small percentage of future transactions. Funds can be transferred in as little as a week. Please feel free to contact me at any time at 1-866-629-4464 Ext:238.

    Take care and good luck,

    Solly Mizrahi
    MaxAdvance
    smizrahi@maxadvance.com
  • fundme Novice
    fundme
    Currently Being Moderated
    Apr 27, 2009 12:54 PM (in response to egarceau76)
    Re: having trouble getting loan
    I would like to help you out. what do you need a loan for? and what's your business?

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