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    2 Replies Latest reply on Feb 2, 2016 11:47 AM by bbk.inc

    What would be needed to get a 250k loan on a startup?

    bbk.inc Adventurer

      Im wondering what it would take to get a 250k loan on a startup buisness? The majority will be going to buying the building. Cant see paying 3k a month on a building thats selling for 200k.

        • Re: What would be needed to get a 250k loan on a startup?
          LUCKIEST Guide

          Interesting question Bryan and welcome to the community.

          It would be nice to know more about you and your business.

          To answer your question, a lot would hinge on your credit history.

          A Good credit history, a GOOD business plan and a friendly bank

          would go a long way to getting you the loan.

           

          Good luck, LUCKIEST

            • Re: What would be needed to get a 250k loan on a startup?
              bbk.inc Adventurer

              Thank you luckiest. Im a certified mechanic by trade. My buisness idea is a specialized indoor storage property. It would be around long term auto storage.  Im located near a large military facility. When i moved hear i found there was no indoor storage for cars. I would like to incorporate storage and some auto work in one. Allowing people to have there car maintained while there gone . I have a few more ideas as well. Property i was looking at was 10k sq ft