
I have bad credit and tried everything for a startup capital. Where can i go to get the money.?
I have a great busn. plan and need 2-3 mil. for startup. I dont have any cosigners, collateral, ect.. It will be huge here in Tx cause no one will have what i will have or do.At least not in my surrounding area of about 100 miles. Can anyone send me to a site or # to call to try. If i can even get $30,000 I can get the money i need with that. Can anyone help?
Public Comments
- You can try a venture capitalist, check with your local SCORE group and ask your banker for advice.
- If you have one hell of business plan and are a good salesman you could get a venture capitalist to sign on. Getting 30,000 without any security and bad credit would be difficult. Perhaps you could persuade someone to come on board with your business plan in exchange for cosigning on the loan and a share of the profits?
- Angel Investors. Visit GoBigNetwork.com
- You need 2 to 3 mil? NO WAY anybody is going to give you that with bad credit. You are not even going to get $30K with bad credit. You are going to have to SAVE it, or get some sort of equity loan if you own a house .. OTHERWISE you may need to try and find a partner with money .. although the chances that people are going to take a risk on you is very remote. Unfortunately having a business plan does NOT guarantee success. You may need to get more realistic with your goals ..
- good luck to you.....i have excellent credit but no collateral and nobody to partner with and have looked for almost a week now and cannot find anybody to finance my start up franchise business.. if you figure it out please let me know.......the SBA wants collateral, banks want collateral, economic development will only help with start up businesses in rural areas and will only help business that are expanding in metro areas. most "angel" investors also want to see collateral. it's a depressing situation. best of luck!
- Small business loan are a great financial help for small business owners. Without monetary support, a business, whether it is big or small, can not be run smoothly. With a small business loan, financing in small business is always possible. Can a borrower with bad credit score apply for a small business loan? Yes, they can. With the<!--availability of a bad credit small business loan, a bad credit borrower can also finance in his small enterprise.In the loan market, a bad credit small business loan is available both in secured and unsecured form. The secured option claims a security against the lending amount. Borrowers can use any sort of valuable object as a security. You may find the small business loan to start of your business here, http://badcredits.awardspace.com/businessloans.htm It could be commercial or personal. Oppositely, the unsecured option comes without any such requirement. This option is appropriate for those entrepreneurs who are not interested in pledging their property against any loan.A small business owner can fulfill-->various purposes with a bad credit small business loan. With this loan, they can start a new business, they can expand their present business, they can purchase some necessary equipment, they can buy a new office premises, and they can repair their present office. Even more, they can use a bad credit small business loan as business capital as well.
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