I looking to borrow against my home. Where can I go to apply for a secured start up business loan and what steps should I take with poor credit to get approval?
Related Blogs
- Related Blogs on Apply
- Maariv: Israel wants US to apply 'Cuban model' to Iran « Coteret
- How to Apply for a Debt Relief Grant? | Credit Cards Debt
- Apply The Science Of Getting Rich. | Home Wealth Project
- Related Blogs on Business
- How would an insurance company stay in business if there was no …
- Related Blogs on Credit
- Related Blogs on Loan
- Related Blogs on Secured
- Secure your money and be secured for your future | retirement …
- Life Settlement Insight Ensures A Secured Future | The Ultimate …
- A Methodical Solution to Greatest Secured Loans | Bad Credit Debt …
- Best Secured Loans | Loan Crisis – Loan Rates – Mortgage – Banks
Related posts:
- Trying to find the best place to apply for a secured personal loan with a car title. Anyone help??
- Does the automatic stay in Chap. 7 and 13 bankruptcies apply to repo’s of collateral on secured loans?
- Where can we get a personal secured loan with bad credit?
- How does a secured loan work?
- Best way to get a secured loan with bad credit?
{ 3 comments… read them below or add one }
Almost nowhere will do this for someone with bad credit except predators. By predators, I mean companies that will loan money to people at interest rates so high they will be extremely difficult to pay off. These companies make as much money reposessing and selling as they do in interest collections. Stick to legitimate banks even though you may get turned down several times. Also, look for wealthy individuals who are looking to invest in your ideas.
Good luck though, and don’t give up!
No lender will talk to you unless you provide them with a valid business plan. Go to http://www.sba.gov , http://www.score.org or http://www.bplan.com for sample business plans and instructions on how to write a business plan.
Then, go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you.
SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).
SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.
Don’t bother with SCORE – unless there is a good chapter in your location. While some are very good – many are not – you get what is paid for.
Go to your local Small Business Development Center – the counselors are paid and their service is free like score.
They can help you prepare for a loan – but depending on the reason for bad credit – you may have to find alternative financing – which is not very positive.