What is the best way to attain a small business loan when you have questionable credit?
pizzaman asked:
I am trying to open a pizza place and I am having trouble attaining financing. I was wondering if someone knew where to apply for a grant or poor credit small business loan.
I am trying to open a pizza place and I am having trouble attaining financing. I was wondering if someone knew where to apply for a grant or poor credit small business loan.
December 19, 2008
• Tags: Business Credit, Grant Business, Pizza Place, Poor Credit, Questionable Credit • Posted in: Credit
2 Responses to “What is the best way to attain a small business loan when you have questionable credit?”
go to ur bank and ask them about other forms of credit loaners. the problem is it is a pizza joint and there are a million of them. restuarants r the wort risk there is.
good luck
i would suggest struggling to open your doors FIRST and then get a loan (if u havent done this). its my understanding that small business loans are granted more as a function of your operating income, and individual credit is less of a factor. so once your pizza place is making $50k a year, then you can get a $10k loan, for example. i hope this helps.