Small Business Loans

[silvermate]

hey guys i'm thinking of making a business venture here......what do you guys know about small business loans

or do you have any advice and/or insight on small business loans.

[SW03ES]

There are a lot of loans out there, and what a lot of people don't know is there are a lot of GRANTS also, especially for younger people. The beauty of a grant is that you don't have to pay it back.

What kind of business venture are you looking at starting? That makes a difference as to what loans and grants you qualify for.

[silvermate]

cool deal, yeah i guess you could say i'm "young" 25, hell i feel old but anywho,

i guess i just don't know where to start as far as, should i just go to the bank and talk to them, or what

its an established company and i do have a pretty large down payment available.

[SW03ES]

If its an established company as in a turnkey business (a turnkey business is one you just buy and run, you dont have to build or design etc) then there are a lot of financing options that are availiable and business flex loans with flexible repayment schedules.

One thing you need is a good accountant, trust me. I just bought my car out of the lease (see thread in the ES forum) and my accountant ran all kinds of numbers for me so I could decide if it was a good idea or not. They are worth their weight in gold.

[silvermate]

One thing you need is a good accountant, trust me. I just bought my car out of the lease (see thread in the ES forum) and my accountant ran all kinds of numbers for me so I could decide if it was a good idea or not. They are worth their weight in gold.

we have a family accoutant i'll talk to him.......and even better my G/F is an accounting major she graduates this fall :D

[Lexls]

The SBA has a great website with TONS of info: http://www.sba.gov/financing/index.html

You're not gonna tell us what the business is? Don't worry, I won't buy it, I've already got a business!

Hey man, you're practically the same age as me!