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Small Business Financing, Welcome Anthony1 of 1 people found this helpful
Have you developed a Business Plan that I can read??
No, I have not developed a business plan.
From one service connected disabled vet to another - there are a couple of things you can do:
Do you have business assets? Accounts receivables, purchase orders, ro credit card reciepts? If so, you can factor those for working capital as the factors are more concerned with the assets then your credit.
If you beleive in your business's future, you can use personal assets to get funding (most commercial lenders will encumber your personal assets anyways).
lastly, fix your credit - you would be surprised at how many doors will open for you if you can fix your credit.
There are just not a lot of lenders (both bank and non-bank) that are willing to provide unsecured funding to borrowers with poor credit.
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I own a service disabled veteran owned small business which I started on the side while working for others. In early 2008 I was downsized from my corporate job, and decided to focus my efforts on growing my business. With a not-so-perfect credit score, I have found it hard to obtain financing for my business for such things as operations and marketing. How do I grow my business if I cant get capital to market our services? I was turned down for an SBA loan and alternative financing options all want money upfront and claim they can establish excellent business credit. My business is an IT solutions company. www.enterprisetechintl.com