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    Small Business

    Question

    Will a bank give me a loan to start my own business at the age of 18?
    a few seconds ago 4 Answers

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    unlikely; why? credit collateral do you have either? some ask for a biz plan I am guessing you will "strike out" cause most new adults are not ready to the play the BANK game. but I am betting I can explain how to get your biz started without a loan [i assume you have done market research and written a biz plan]
    a few seconds ago

    Other Answers

    • no.

      by b - 9 hours ago

    • Not a chance. Any bank or credit union will require a valid business plan that shows that you can pay the loan back. Go to http://sba.gov/smallbusinessplanner/plan/writeabusinessplan/index.html , http://www.bplans.com/ or http://www.score.org/template_gallery.html for instructions on how to write a business plan and sample business plans. You should have a credit score of at least 700. You will personally have to put up 30% of the funds as no bank or credit union is going to assume all of the risk.

      by Henry - 9 hours ago

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