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How to get a Small Business loan in chicago? |
IM REALLY EAGER TO OPEN UP MY BUSINESS. IM PLNNING ON OPENING A CAR AUDIO AND RIM SHOP. I REALLY NEED A BUSINESS LOAN AND WANT TO KNOW HOW TO DO IT. I AM OPEN FOR ALL SUGGESTIONS. SBA does NOT give loans...they back loans made by a bank. A bank will not loan money to you if you have no collateral, regardless of the SBA backing. Forget about it, go to family and friends with a GOOD business proposal showing how you will find buyer, what your overhead will be, what anticipated profits will be in year one, two, three. Do your homework, where will you get product, labor??? Remember, what you borrow from family and friends, you will have to repay whether or not the business succeeds. Good Luck how to start a small business for first timers. |
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