I ve just finished a business course which is what my information is based upon.Before you look at loans work out all your costs, how much money do you need? Shop around and cut down the price as much as possible. Then work out how much you yourself need to live on for 3months. Add up the total and thats what you need. As far as loans go you want to find a low interest, long term payment scheme so again shop around. But before getting a loan look into grants avaliable to you for starting a business, were heading out of a recession so people gain funding.I know this is more based upon a real scenario but figured thats what the teacher is looking for.
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you need to do research on what your actual costs will be and what loan payments will be - goosle it - just throwing a number out there sure as heck won;t get you an A
