Loans

• Business Loans
• Debt Loans
• Equity Loans
• Home Loan
• Loan Consolidation
• Payday Loan
• Personal Loans
• Student Loan

Business Loans

Business Loans questions and answers

Learn more about Dividends at TeenAnalyst.com; The number one website for young investors.

Q: Business Loans?
Can I get a business loans to buy investment properties?

A: A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own. Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information. Good luck, Ilya Bodner Small Business Owner Initial Underwriting Group

Q: Business loans for USA investors to buy businesses in foreign countries?
Are there government loans for USA investors to help buy business opportunities in other countries (or through other governments)? Say, South America? Say, if the loan were backed up by real estate? Or is this available only to superwealthy americans?

A: by Joy M Member since: March 26, 2008 Total points: 137 (Level 1) if you are looking for a loan then my dear i should tell you that you are in the wrong place most of the people who advertise here are scams,but there are still a few legit loan lenders on the internet,a man my friend met on a singapore website help her with her loan problems his address is jamesmith_lenders12@yahoo.com, try him and see if he will be able to help you,DO NOT FALL INTO THE HANDS OF SCAMMERS!!!

Q: What are good resources for applying for small business loans and grants?
I'd like to get loans/grants for starting a small business. Where can I get started? What were some of your personal experiences with this process?

A: You stand a greater chance of getting a government-guaranteed loan through the Small Business Administration http://www.sba.gov/financing than a government grant. Read the SBA Financing page to learn about criteria needed for borrowing It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born. Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture. Even if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business. Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html "The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments." Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE. http://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs I suggest you read the following books to get ideas of how to finance your business: Financing Your Small Business http://www.amazon.com/exec/obidos/ASIN/1572484500/powerhomebizguid Small Business Financing: How and Where To Get It http://www.amazon.com/exec/obidos/ASIN/0808007386/powerhomebizguid Financing the Small Business: A Complete Guide to Obtaining Bank Loans and All Other Types of Financing http://www.amazon.com/exec/obidos/ASIN/1580626815/powerhomebizguid The SBA Loan Book http://www.amazon.com/exec/obidos/ASIN/158062202X/powerhomebizguid Angel Capital : How to Raise Early-Stage Private Equity Financing http://www.amazon.com/exec/obidos/ASIN/0471690635/powerhomebizguid Financing Your Small Business (Barron's Business Library Series) http://www.amazon.com/exec/obidos/ASIN/0764124897/powerhomebizguid

Q: What is the best bank for small business loans?
Looking for a loan of $190,000 for a business that is 5 years old. Not interested in credit card transaction loans.

A: You might want to try a credit union. I don't think that there is a best bank for loans it has to do with credit.

Q: Are there any companies that offer small business loans with a deferment period?
New business loans for small businesses with an option to have a deferment period in order to start your business without the stress of loan payments.

A: go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you. SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA). SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.

Q: Does anyone know if centrelink offer small business loans?
I am interested in buying a small business, they are asking $5,000 for it but am a stay at home mum with no income, only centrelink payment's and was wondering if anyone knows if centrelink or any other company offer "small business loans"?

A: Hi I know Centrelink will only give loans of up to $500. There used to be small business loans Through DEET but the Howard government stopped it. I did a quick search of Google for you. Follow the link in the source. If you wanted to look at something much cheaper to start have a quick look at my profile. I'm on a centrelink allowance too and I'm starting to make good progress with a very easy to operate small business online. Good luck to you.

Q: can one broker small business loans to banks like a mortgage broker do with home loans?
I am a mortgage broker and want find out how I can fund small business loans too. can I broker them to banks?

A: Business loans are a lot more complicated then mortgages. Take a business course at your local community college before you try this.

Q: I need Unsecured Business Loans for my Company in Dubai which has been actively Trading for more than 3 years.
My Company is looking for Unsecured Business Loans between 300,000USD and 1 million USD. We are a Trading Company and have been established in February 2005.

A: Unsecured business loans are loans for doing business. To put simply, these are money advanced to let you put them into your business. And, unsecured business loans do not want any collateral pledging that makes the go easy enough for business runners. Well, you may be running your business already for a brief or long time and you may be in the foray of business. In both the cases, unsecured business loan are available. Also, while getting advanced, unsecured business loans do not pay heed to the business being a large scale one or a small one. Now, to grab unsecured business loans, you need to file a layout of your business before the lender so that you can grab a better deal from the lender. The loan term in unsecured business loan stands between 1 year and 10 years, while the loan amount varies between £50000 and £100000. Another aspect of unsecured business loans says that unsecured business loans say that these loans are available to the bad credit holders also. However, the best way to go for unsecured business loans is to go for the online process where loan approval takes the least time. And, you are to apply through a simple application form for the loans. Finding your desired deals of unsecured deals is also not a tough matter online since, almost all the lenders are flocked over there. Unsecured business loans are easy loans for anyone. They are unsecured and that’s why they are so popular these days. http://loan--house.blogspot.com/

Q: What can you tell me about small business loans?
I'd like to get a small business loan to cover start-up costs and to give me working capital for two years. I'd also like at least 40 acres of land for the business to use. Should I bundle the loan for the business with the loan for the land or should I do each loan seperately?

A: since u do not say what or where u are planning to do this it is a guess. land loans are often separate from business loans. working capital for 2yrs is a long shoot.

Q: How can i get a business loans with bad credit?
I have bad credit and i'm starting a web business not a big business so only need a small loan?

A: You may find a tough time getting a loan from financial institutions with poor credit, even from SBA. SBA requires a number of factors to avail of their loans, and one of them is good credit history (see SBA Basic requirements http://www.sba.gov/financing/preparation... ) If you cannot get loans, try to get a loan from your parents, family and friends. If they cannot give you any, use your credit card. Credit card requires no collaterals but are an expensive source of funds. Otherwise, either downscale your plans and amount of capital needed; or wait until your financial situation improves. From the article "How to Start a Business with Little Cash" http://www.powerhomebiz.com/vol30/nocash.htm here are some tips on how you can start a business and earn more money even if you are short of cash today: 1. Find a business that you can start for little money (e.g. instead of a website that requires extensive programming, start slow such as starting a blog site using free software such as Blogger.com) 2. Consider your time and effort - if you have little cash, you may have to work harder for the money because you will have no resource to outsource or employ others to do certain tasks for you; or you have no money to buy equipment so you can only do certain things the long way 3. Get your creative juices flowing. With no money, the only thing you have is your imagination. Be creative and find ways to get things done 4. Be prepared to do all the work yourself - from doing your business plan, finding financing, writing emails, shipping and handling, marketing or whatever processes your business requires. 5. Be prepared to invite investors - you may need financing help from someone down the road so be prepared to share some of the pie. For information on where you can possibly get financing, here are some recommended books: - Financing Your Small Business - Small Business Financing: How and Where To Get It - Financing the Small Business: A Complete Guide to Obtaining Bank Loans and All Other Types of Financing - The SBA Loan Book - Angel Capital : How to Raise Early-Stage Private Equity Financing Financing Your Small Business (Barron's Business Library Series)

Q: Are business loans going to be more restricted?
I am planning to get a business loan. Now that the $700B Bailout bill was rejected, am I going to have a tougher time to get a business loan?

A: all loans will be restricted!!!

Q: are there websites for start up loans that you use ur business credit?
i have read and heard that you can use your business credit that it should be good because i have bad credit and i need to get a start up business loan but my credit is bad and i dont want to get scamed. so i have been looking for loans that you can use you own business credit. are there any website that can do that than you anything will help

A: A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own. Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information. Good luck, Ilya Bodner Small Business Owner Initial Underwriting Group

Q: can a new dentist incorporate his student loans into his business loans to get better tax breaks?
normally you can only deduct up to $2500 in interest and that's if you make less than a certain amount. If you make the student loan a business expense you would be able to write off the entire loan and not just the interest right?

A: You may want to consult with an accountant if there's a "creative" way to do this and make it happen But at first look, this can be an IRS audit trigger for you. I would proceed with caution if I were you.

Q: What is the best way to finance a new franchise. What are the basics on Business Loans?
I am looking at a business with a start up cost of $175,000. The biggest obstacle is financing my business. Im just looking at basic info now for getting a business loan, andhow easy is it to pay it off.

A: Most of the big franchises want to see proof that you have apx $250,000 in cash to get you thru the bad times. There are not many sources for this money. www.prosper.com (not my website) will arrange loans to you from investors. If you use a venture capitalist he will demand 51% of the ownership. Friends and family are always the best. I owned 2 franchise restaurants.

Q: Small business loans for people with dual citizenship?
Where can I find information on programs for small business loans for people with dual citizenship? My husband is officially a dual citizen of the United States and Germany. We found information on loans for veterans (he was in the military) but nothing on dual citizenship. There must be a program out there!

A: Dual citizenship has nothing to do with getting a business loan.