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Question
Opening up a small business?
Hi, I was thinking about opening up a small business in my area. It is guarateed to make money. I have 40k in savings but my credit is not that good. I am also a vet so there is some kind of assistance from the goverment called patriot express. Does anybody every used this kind of small business loan through the small business administration? If so, what is the qualification and the process thank you. and if you have a different idea please le me know. Thank you
4 months ago - 3 answers
Best Answer
Chosen by Asker
If you need money, you will need to apply for a loan. No lender will talk to you unless you provide them with a valid business plan. Go to www ... , www ... or www ... for sample business plans and instructions on how to write a business plan. Then, go to www ... and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you as well as veteran programs. SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA). SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.
by Brutus
4 months ago
Asker's Rating: 
Other Answers
Before apply anytype of loan, you need to get the business plan together, and do some research on the expenses, such as rent, insurance and employee salary, so you can put in the business plan. Because it has a projection that you need to do so you can get the money returned.
by paobay- 4 months ago
As a vet, you have some preferred access to government related projects when you start a business. For a quick look try the www ... Be sure to dial in your status as a veteran. Many government opportunties are "set aside" specifically for veterans. Also, many regular corporations (usually just the big ones) have special programs to purchase from veterans (and others such as women or minorities.) Your status can be a very valauble asset. The website provided also has lots of information on special programs and instructions for veterans to help them with programs such as loans/assistance. There is way too much up there so check it out!
by Small Business Advisor- 4 months ago