Matrix

I just started my business less than 6 mths ago and I cant find anyone to give me a loan for my business can u please help

you will need a business plan to get financing help from anyone and with bad credit, you may still be out of luck – banks are extremely tight with credit now – especially for unproven small businesses

2 Responses

1. ibu guru Says:
   December 13th, 2009 at 12:59 am

   If your credit is bad enough that you cannot get a car loan or mortgage, where the lender at least has collateral, there is certainly no way you are going to get a biz loan. You are considered not only a bad credit risk, but your inability to manage your money and credit makes you an even more disastrous business risk.

   To get a biz loan, you need excellent credit, collateral, personal and business financial statements plus 3 years of pro forma cashflow analyses and financial statements, and a track record of success in the business.
   References :

2. Doctor Deth Says:
   December 13th, 2009 at 1:06 am

   you will need a business plan to get financing help from anyone and with bad credit, you may still be out of luck – banks are extremely tight with credit now – especially for unproven small businesses
   References :

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