What are my chances of getting a small business loan right now?

business loan
mondragon52 asked:


I will be seperating from the military soon after eight years and three tours to Bosnia, Iraq and Afghanistan. I can use my Veteran status to apply for a business loan but what are my chances of actually getting it? I also have good credit.

4 Responses to “What are my chances of getting a small business loan right now?”

  1. Mike - April 29th, 2008

    They are about average, even better if you guarantee the loan personally, which I am sure you’ll have to do.

  2. ZaCkO - April 29th, 2008

    Hello,

    Just becareful, one of your responses looks like a scam. Thought you should know. Hotmail accounts are free, and if this guy is looking for real business with you, he should get a real web site.

    I would look for the smaller bank loans. A lot of the corp banks are hurt in the economy right now. And some of the small banks will try to give you multiple loans because this is the time they are making it.

  3. New Haven SCORE - May 2nd, 2008

    Go to score.org and in the upper left hand corner, enter your zip code. On the next screen, you will find the SCORE chapter nearest you. Call them and arrange for a free meeting with a SCORE counselor when you get out.

    SCORE “Counselors to America’s Small Business” is a nonprofit association dedicated to educating entrepreneurs and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).

    SCORE was founded in 1964 and is headquartered in Herndon, VA and Washington, DC and has 389 chapters throughout the United States and its territories, with 11,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors. SCORE is America’s premier source of free and confidential small business advice for entrepreneurs.

  4. Cape Horn Spirit - May 5th, 2008

    Try they mention a 99% success rate, good luck.