Monday, January 19, 2009

680 Credit Score with 10,000 Cash, will i get a business loan? -

I have a credit score of 680 and 10,000 cash, i need 50,000 from the bank for a business loan, i have the business plan in hand, I do not have anything to put down other then the 10,000 grand.will i get approved for the loan

absent a lot more good reasons why you ll succeed: no.examples: the business is very low risk -- all startup costs secured by inventory bought at wholesaleyou ve been in the same business before and were successful. or a related business.someone with serious resources guarantees the loan....

Maybe - will somewhat depend on how solid your business plan is and what experience you have in the field in which you are opening a business.

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