silvermate Posted February 11, 2005 Share Posted February 11, 2005 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. Quote Link to comment Share on other sites More sharing options...
SW03ES Posted February 11, 2005 Share Posted February 11, 2005 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. Quote Link to comment Share on other sites More sharing options...
silvermate Posted February 11, 2005 Author Share Posted February 11, 2005 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. Quote Link to comment Share on other sites More sharing options...
SW03ES Posted February 11, 2005 Share Posted February 11, 2005 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. Quote Link to comment Share on other sites More sharing options...
silvermate Posted February 11, 2005 Author Share Posted February 11, 2005 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 Quote Link to comment Share on other sites More sharing options...
Lexls Posted February 12, 2005 Share Posted February 12, 2005 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! Quote Link to comment Share on other sites More sharing options...
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