small business loans
Question
Start-up Capital?
I am planning to open a small business early 2009. At this point, I estimate my total start-up expense to be about $50,000. I will not be able to raise/save the total amount by 2009 and therefore intend to apply for a loan. For those of you who have done this in the past: What percentage of the total start-up costs will the lending instutution want me to contribute?
2 years ago - 4 answers
Best Answer
Other Answers
Try about 50% to 90%.
by AARON B- 2 years ago
Thirty years ago, I got 100%.
by Michael B- 2 years ago
Your starting capital will vary as to what kind of business you'll enter into...for a start-up loan in lending institution a better percentage estimate of 25-35%, this will allow you to manage/control your expenditures since loan expenses will be added to your monthly overhead expense, at least you could still save money or earn income even in a small percentage since your still adjusting as new player in the business.
by Keih- 2 years ago