Any bank or credit union will require a valid business plan that shows that you can pay the loan back. 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 - 2 hours ago
You need a business plan....a real one preferably written by an expert (they cost up to 5k)... This is to prove you have plans for all potential problems and you have an idea where you will be financially in 6 months given the current climate. You never get a loan for the entire business...it's like a house you need a sizeable deposit.
by Katty - 2 hours ago
The 3 Best Ways to Keep Your Small Business Safe Online
Every day, entrepreneurs face a variety of decisions, from who to hire to what to tweet. It’s normal to make a decision and...
Summer 2015 Retail Sales Forecast
The summer season is an interesting time of year for retail. Weather changes, increased tourism, and seasonal holidays all...
Business Transition Lessons Learned: Why Getting Yourself Prepared Is So Important
We first met John in the building where his father, a brilliant engineer, had started their manufacturing business over 40...
Why Banning Salary Negotiations Won't Close the Gender Pay Gap
The Washington Post recently posted an article by Laura J. Kray, professor of leadership at the University of California,...
His Business Is on Top of New Top-Level Domains
Daniel Negari wasn’t even born yet when the first .com launched 30 years ago, but he’s the guy who gave birth to the first...
How To Land Your Dream Speaking Gig
I meet so many people who tell me that they dream about taking the TEDx stage. They long to be the keynote speaker at their...