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Startup Funding - Home Based Business

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InvestorFunding

posts: 19

Sep 02, 2007 4:19 AM ET Quote Report Abuse

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Sidneywash,
Thanks for the resource.

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4Corners Web Services - Your Partner for Online Success!

Looking for capital to start or expand your business?

mlebovits

posts: 88

Nov 27, 2007 12:53 AM ET Quote Report Abuse

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RobertJ`s advice is on target.

You`ve got a secondary source of income (your current job) and a third source of repayment (your home equity, if any).

If you`ve got good projections which show that you`ll be able to service the debt within a reasonable time frame, you may qualify for an SBA guaranteed loan.

Marshall Lebovits

jgentles

posts: 2

Dec 01, 2007 4:37 PM ET Quote Report Abuse

Points: 0 Vote

The Better Business Builders provides $5K, $10K, $15K, $20K, $25K, $35K or $50K to start-up or existing businesses. These loans are backed by the U.S. Small Business Administration (SBA) through Innovative Bank`s Community Express (85% SBA Guaranty) and Express Loan (50% SBA Guaranty) Initiatives. The loan program does not require a business plan, collateral, credit score or financials.

The Better Business Builders is a Small Business Administration (SBA) licensed technical provider and is approved to administer this loan program. Once the loan is approved The Better Business Builders provides 1 year free technical assistance which provides you with information and help to grow your business.

You can find out more information about this loan program at http://betterbizbuilders.com/content/view/22/35/

They are a reputable business and I have received a loan for my startup business through this loan program.

Best wishes in your business.

Sincerely,

Janice Gentles-Jones

JGJ Consulting, Owner

www.onlinesuccessmap.com

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Janice Gentles-Jones
Online Success Queen
www.onlinesuccessqueen.com

divette

posts: 3

Dec 03, 2007 7:56 PM ET Quote Report Abuse

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When applying for a business loan do they look at your personal credit vs. starting a business?

Sidneywah

posts: 17

Dec 03, 2007 8:50 PM ET Quote Report Abuse

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When applying for a business loan do they look at your personal credit vs. starting a business?

That would depend on the lending institution, in my experience. There are some financial institutions that cater to entrepreneurs with no collateral and a low credit score. However, your credit record must be healthy, meaning no discrepancies or bankruptcies.

Taqwa

posts: 1

Dec 05, 2007 4:14 AM ET Quote Report Abuse

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I am a Veteran. I am in foreclosure. I have operated an undercapitalized small business for approximately 10 + years with limited success. My business provides marketing, fundraising and management consulting services to non-profit organizations.

IDEA - I want to buy into the Top-Line Business Consulting system, start a new "Home Based" business with their system, utilizing my wifes credit to obtain a SBA Patriot Express Loan large enough to pay off either my total mortgage or the arrearage, enough for the Top-Line Association/Training fee and enough for all other operational expenses for this new "Home-Based" Business where I would use the home as collateral and the business plan to show projected cash flow to service the loan. Does this make sense???

robertj

posts: 1458

Dec 05, 2007 12:39 PM ET Quote Report Abuse

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If there is enough equity in your home, you might be able to get a lender to refinance.

Have you checked out Top-Line Business Consulting system?

What "benefits" do you expect to get from them?

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Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

rickymik

posts: 14

Apr 11, 2012 5:32 AM ET Quote Report Abuse

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People looking to start a home-based business sometimes look to franchises. Franchises are available from no investment to hundreds of thousands of dollars and include vending, specialty retail and glass repair, among others.

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Thanks
Ricky Mik
All about Home Mortgage

allianceonellc

posts: 60

Jan 03, 2013 6:03 AM ET Quote Report Abuse

Points: 0 Vote

Here are some points to be considered, which can help you to get a small business loan:

1. Don't quit your day job
2. Offer something of value
3. Keep meticulous records
4. Plan on providing a plan
5. Character counts
6. Check and recheck your credit

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Invoice Factoring

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