Are you more likely to get a small business loan if you have a degree?
Manny asked:
Is a person more likely to get a small business loan if he/she has a masters, bachelors, or even an associates degree? Answers preferably from experience or bank worker.
Is a person more likely to get a small business loan if he/she has a masters, bachelors, or even an associates degree? Answers preferably from experience or bank worker.
July 17, 2008
• Tags: Associates Degree, Bachelors, Business Degree, Masters, Small Business Loan • Posted in: Small Business
2 Responses to “Are you more likely to get a small business loan if you have a degree?”
no that it all depends on how good of an idea yoou have for the bussiness.
My experience is no. Loans are based on the ability to repay, not how smart you are. I have had plenty of loans and no one ever asked if I went to college. The only thing lenders want is collateral, a repayment plan, and financial statements. Every loan I have ever had has required me to basically sign over everything I own in case I don’t pay the loan back.