Our small business is $20K in credit card debt? Since this is a business debt, who can help me?

We have had to use credit to sustain our business during a move and recently had the 2 worst months of the last 10 years. We feel there is no way out. Are there any grants for small business to get over this rough time?

Go to http://www.grants.gov for a list of government grants and how you can apply for them. However, there are no grants for a for profit business unless you are opening a daycare and then it is a minimal amount. If you need money, you will need to apply for a loan. 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.

You can get a deduction on taxes because of the move.

Not a grant, but ask your banker about an SBA loan.

Hi,

I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It's legitimate.I came across this company on NBC News.Check it out here:

http://creditsolution.ez-mart.biz

Building your company DNB Paydex Score is a very important step that most business owner miss out. At our office we see small business owner obtain $35,000 and more in business credit lines through the use of their Paydex Score (typically 75 and higher). A business can grow the Paydex Score and obtain credit lines along the way simply by hiring a professional mentoring service.

Begin your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) through the search engines and you will see that the Trade Line List (otherwise known as a Vendor List) is available for $400-$900.



Good luck.



Ilya Bodner
Small Business Owner
Initial Underwriting Group