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
Anyone in banking here?
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Hawkeye2011SBR Wise Guy
- 12-12-11
- 840
#1Anyone in banking here?Tags: None -
NinersnutSBR MVP
- 05-20-10
- 3730
#2I would start with the points forum. If you can make it there, you can make it in the real world.Comment -
itchypickleSBR Posting Legend
- 11-05-09
- 21452
#3Collateral and show good market breakdown and revenues out to 5 years.
Loans are tough to get these days...best of luck!Comment -
Hawkeye2011SBR Wise Guy
- 12-12-11
- 840
#4Yea 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 thoughComment -
mighty maronSBR MVP
- 04-20-09
- 4215
#5Answering your own threads and making good on them....
Good luck but you will need collateral and karma...Comment -
grekosSBR Sharp
- 03-16-10
- 494
#7Waist of time.You'll at least get your credit score out of them.Comment -
dngfSBR Hall of Famer
- 12-25-08
- 5926
#9go 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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