Anyone in banking here?

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  • Hawkeye2011
    SBR Wise Guy
    • 12-12-11
    • 840

    #1
    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
  • Ninersnut
    SBR MVP
    • 05-20-10
    • 3730

    #2
    I would start with the points forum. If you can make it there, you can make it in the real world.
    Comment
    • itchypickle
      SBR Posting Legend
      • 11-05-09
      • 21452

      #3
      Collateral and show good market breakdown and revenues out to 5 years.

      Loans are tough to get these days...best of luck!
      Comment
      • Hawkeye2011
        SBR Wise Guy
        • 12-12-11
        • 840

        #4
        Originally posted by itchypickle
        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
        Comment
        • mighty maron
          SBR MVP
          • 04-20-09
          • 4215

          #5
          Answering your own threads and making good on them....

          Good luck but you will need collateral and karma...
          Comment
          • Br0nxer
            SBR Posting Legend
            • 03-25-11
            • 13665

            #6
            Originally posted by Hawkeye2011
            [/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




            Comment
            • grekos
              SBR Sharp
              • 03-16-10
              • 494

              #7
              Waist of time.You'll at least get your credit score out of them.
              Comment
              • C-Gold
                SBR Hall of Famer
                • 09-04-10
                • 6808

                #8
                Originally posted by Hawkeye2011
                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
                Comment
                • dngf
                  SBR Hall of Famer
                  • 12-25-08
                  • 5926

                  #9
                  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.
                  Comment
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