I did a home equity loan years ago when I went into business.I had great credit could go get a loan on anything with a stroke of a pen until I went to work for myself and checked the self employed box.After about 5 years in business then everyone wanted to loan me money so at that point I did my best to not borrow from any one it had hurt my feelings.Seems like it’s easy to get a loan when you don’t need it and hard to get one when you do need it.
I did a home equity loan years ago when I went into business.I had great credit could go get a loan on anything with a stroke of a pen until I went to work for myself and checked the self employed box.After about 5 years in business then everyone wanted to loan me money so at that point I did my best to not borrow from any one it had hurt my feelings.Seems like it’s easy to get a loan when you don’t need it and hard to get one when you do need it.
Very true, I dont understand the concept. With a new business loan they want 20 or 30% down with high interest rate. It makes it even harder for a business to succeed
Do you know any folks with money that could be a partner and help you get established? What sort of business are you trying to start? How much do you need? Do you have a written plan with pro formas?
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