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3 Replies Last post: May 28, 2009 6:17 AM by phanio

is possible to get a loan in this economy to open a lounge

May 27, 2009 3:32 PM

Click to view CHIQUELOS's profile Start-up CHIQUELOS 1 posts since
May 27, 2009

I am in the process to open Lounge/Bar and I am surching how I can get the capital I have been studied the market and I belive that is possible to open this type of business today. People are looking for a place where they can have some drink's listen good music and talk with friend also meet new people.
I don't know where to start searching for a capital to open the lounge any advise?
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,935 posts since
Aug 6, 2007
1. Re: is possible to get a loan in this economy to open a lounge May 27, 2009 3:55 PM
Is possible to get a loan in this economy to open a lounge??

YES It is possible to get a loan to open a lounge. Who are you??

Have you developed a business plan??

Good luck
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Click to view KelaFunds's profile Mogul KelaFunds 27 posts since
May 9, 2009
2. Re: is possible to get a loan in this economy to open a lounge May 28, 2009 6:15 AM
Chiquelos,

This may be possible.How much did you come up with when you calculated your needed financing?How is your persoanl credit?

Let me know.

Thanks

Tkela

KelaFunds@gmail.com
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Click to view phanio's profile Mogul phanio 483 posts since
Apr 7, 2009
3. Re: is possible to get a loan in this economy to open a lounge May 28, 2009 8:05 AM
It is always possible - where there is a will, there is a way. You just might have to get creative. Do you have a business plan and a marketing plan? Do you have experience in this industry? If you answer no to either of these - this is where you need to start.

Obtaining capital to start or grow a business is possible but not easy. First, you have to understand the options that are available to start-up businesses. For that point, you then must understand the qualifications for those options, determine which is best for your business (cheapest method as well as being able to repay the loan) then work to satisfy those requirements. For example, if a lender requires that you have good credit and some collateral or down payment - then that is where you start.

Business Money Today
www.BusinessMoneyToday.com
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