1. 02-14-12 02:24 PM #1
    Hawkeye2011
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    Anyone in banking here?

    Looking to get a $100k small business loan, what kind of factors does it take to get approved, and also what do you look for in a business plan to get approved. Thanks
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  2. 02-14-12 02:31 PM #2
    Ninersnut
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    I would start with the points forum. If you can make it there, you can make it in the real world.
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  3. 02-14-12 02:32 PM #3
    itchypickle
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    Collateral and show good market breakdown and revenues out to 5 years.

    Loans are tough to get these days...best of luck!
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  4. 02-14-12 02:33 PM #4
    Hawkeye2011
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    Quote Originally Posted by itchypickle View Post
    Collateral and show good market breakdown and revenues out to 5 years.

    Loans are tough to get these days...best of luck!
    Yea it definitely won't be easy. I know some banks have a certain amount of funds set aside just for small business loans that the government guarantees. I think those are all about applying at the right time so we'll see. Worth a shot though
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  5. 02-14-12 02:35 PM #5
    mighty maron
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    Answering your own threads and making good on them....

    Good luck but you will need collateral and karma...
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  6. 02-14-12 05:09 PM #6
    Br0nxer
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    Quote Originally Posted by Hawkeye2011 View Post
    [/B]Looking to get a $100k small business loan,[/B] what kind of factors does it take to get approved, and also what do you look for in a business plan to get approved. Thanks




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  7. 02-14-12 06:24 PM #7
    grekos
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    Waist of time.You'll at least get your credit score out of them.
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  8. 02-14-12 06:27 PM #8
    C-Gold
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    Quote Originally Posted by Hawkeye2011 View Post
    Looking to get a $100k small business loan, what kind of factors does it take to get approved, and also what do you look for in a business plan to get approved. Thanks
    Apply as a woman or minority
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  9. 02-14-12 06:57 PM #9
    dngf
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    go to S B A dot G O V
    It will discuss loan terms and loan types, section on how to write your business plan and what the requirements/qualifications are.
    Unless you live somewhere pretty rural, I got to believe that within a 10 square mile of where you are right now there are at least 5 to 50 banks that would be interested in this loan if you qualify.
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