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What is the best way to attain a small business loan when you have questionable credit? |
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 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. 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. |
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