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about loans, grants and credit

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Posted by: Beau at Fri Jul 20 14:03:43 2007   [ Email Message ] [ Show All Posts by Beau ]  
   

you maybe able to get an SBA LOAN. You will have to have a business plan and do it thru your bank. If you qualify its a loan from your bank that is backed by the government. Usually up to 5 years to pay it back.

Unless you are medical or research you cant get a business GRANT.

Unless you are a minority or woman, then there are some government and non government grants that maybe podssible.

Check out SBA.gov

Or if you have decent credit, you can open a legit business. Get an LLC or INC, get licensed thru state and IRS, get a business phone. Then go open a business checking account and they will give you business credit cards and possible a business line of credit (LOC). I have done that and started with 50K in credit from my bank.

Remember, breeding reptiles rarely goes as planned. If you cant repay it, since you are the guarantor on the credit, they will hold you responsible.

My advice start small with your own money. I Started in 1995 or so just out of high school with $800 and by 20 y/o I made nearly a million overall. These days you can buy alot with little money. Buy something that will always sell good.. Pieds, albinos, etc.. Something pretty and that you like. Or buy something not proven that you believe in.. Sometime its worth taking a risk, it sometime doesnt pay off tho.

If you have a good job and are sure you can pay back the credit you use without depending on snakes to breed and for them to sell. Then get legit and go to the bank.

Good Luck.

Beau


   

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<< Previous Message:  RE: Business ?s - RatliffReptiles, Fri Jul 20 13:21:12 2007