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The SBA has a community express loan that does not have a requirement on time in business.The loan is based on your personal credit scores but reports to your business credit and is fairly easy to get if you have good personal scores. This is a no doc no application fee ( the sba charges a fee after the loan is funded) loan. email me with any questions you may have. email@example.com
Question about loans or money for expanding a business,
J C, I would suggest you contact SCORE. SCORE is FREE.
Also develop a business plan (and yes SCORE can help with the plan)
Have you considered factoring your accounts receivables? This speeds up the cash flow, and puts payments in your hands immediately, instead of having to wait 45-90 days to get paid.
Steve Ontiveros - wefactor.com
Not many lenders will touch investor owned property these days. The market is still just too risky. Plus, most lenders will still require you to put 50% or more down. But, there are private investors that might be able to help you out - keep in mind that they will require the lion's share. But, if they can help you get started, you can work your business away from them over time.
Do a simple web search in your area for commerical property investors. We also list some resources regarding commerical property financing and angel investors on our web site that might be of use to you.
Business Money Today
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I started a general contracting/repair business almost a year ago. Buisness has been pretty good. I want to expand into buying property to renovate and rent to have steady income for the business. I am also thinking of rehabing some houses to sell. Is it possible to obtain funding if your business is operational for a year?