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Starting a small business. How do I get financing? Does anyone know of a good resource for good information?

I’m looking into starting a small business but apparently banks don’t loan to startups and there aren’t gov’t grants available for startups either. How do i go about getting the financing together? Are there any good resources? I am writing the business plan now.

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6 Responses to “Starting a small business. How do I get financing? Does anyone know of a good resource for good information?”

  1. Saravanan said :
  2. Initial Underwriting Group said :

    A true business credit card is a line of credit that is taken in the name of the business, under the business’ credit. Activity, whether good or bad, is reflected on your business’ credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer “business” credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts – you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business’ credit, while avoiding creating problems with your own.

    Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for “strong business credit” (just like that in quotes) to find services that sell the information.

    Good luck,

    Ilya Bodner
    Small BusinessOwner
    Initial Underwriting Group

  3. Ken said :

    My name is Ken Lee i am the managing director of Ken lee loan firm I assist people financially who are desperate need of a loan, because I think enough is enough I want to prove myself to everyone.
    business loan, company loan, personal loan, housing loan, student loan etc.
    I assure you 100% guaranty within 48hrs your problem will be solved. So hurry now by sending us your personal details below:
    Full Name:
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    When to pay back:
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    Hope to see your response via this link.
    [email protected] , [email protected]

  4. Smith Paling said :

    I Smith Paling,I was looking for a loan online through yahoo answer I have answer from one Mr FRED who directed me thomasfinanceloanhouse I apply a week ago and today the loan has been transfer to my account.If you need loan you can also contact them today here is the email [email protected]

  5. nikki said :

    I am NIKKI PAUL from Mexico…. yesterday i cam in to yahoo answer.. i ask a question that I need a loan to buy a car now i got the loan… today my money is with me …. i just came in here today to give you this link so that you can smile home.. they give loan in 2% rate.. their E-mail is
    [email protected] or [email protected]

  6. Freedom4 said :

    The posts above are a scam.

    Banks Do lend money to start ups, but it is harder now than normal and you are likely to have to shop banks to get a loan and get decent terms. Try to find on with a designated Small Business Banker. They will likely be able to help you better and have more experience than most branch managers.

    It would really help to get a little more information.

    (1) What kind of business are you starting?
    (2) Do you have anything for collateral
    (3) Is there a secondary source of income (are you still going to work is your souse or partner going to still work)?
    (4) What area of the country do you live in?
    (5) How much are you looking to borrow?

    If you can not get bank financing there are a couple of options.

    (1) Find outside investors
    (2) Home equity loan
    (3) Find a partner
    (4) start small and work your way up.


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