Thursday, October 15, 2009

What is best company to use for a business loan? -

What is best company to use for a business loan?I have no credit and am building it. Me and 2 other partners have just started a business and are very successful at the business. I don t have any credit and they have poor credit. We are trying to get a loan to increase our inventory and stay alive in this business. We have tried multiple companies and have been rejected by each one. Does anyone know a good company we can use? If you need more details just ask.

Usually bankers are the same and you can t get a loan if you have a bad or no credit score. however, if you provide the banker with a complete business plan and projected Income then they may look into it. The other option is to get a government loan which is more preferable as it has low interest rate.try www.business.govThe last option is to seek private loans which is easy but usually the lender asks high interest rate or even wants to be a partner in the business.I hope this helps and wish you a good luck.

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