How do I get a bussiness loan without credit?
448791
You local and state governments have programs for loans and grants to start your own business.  First off, you have to write a detailed business plan.  You can visit small business site for local assistance.
1176007
Form a corporation.  Then apply for credit.
1018903
The first thing you need is a really good idea.  Do you want to sell products or services, offer information, etc?  Business loans are available for people with bad credit but grants are very few and far between.  If you need a loan, most areas now have a women's business alliance or something similar where you can get assistance with writing a business plan and securing a low interest SBA loan.  You can also try to find an independent investor, but you will sacrifice some control since they hold the "purse strings".  If you can start small, you may not need financing.  \nJust remember that it takes times.  Good luck to you.
173986
Check out the SBA lending programs http://www.sba.gov/financing . SBA does not provide direct loans, but rather guarantees loans availed through their partner financial institutions. You will need to satisfy the lender's requirements for the loan, as assessed by the bank, before you can get SBA guarantee. This would mean showing the bank your credit history, business plan, tax forms, financial assets, collateral. \n\nNote however that you need to pass through 3 criteria before you can avail of SBA loans, and these are: \n\n- stake in the business (SBA requires borrower to have invested 25-50%)\n- submission of a strong business plan\n- good personal credit rating
984173
Sounds like a prepaid credit card may be the way for you to go... \n\nHere is a link to one that says "No credit or bad credit OK, NO credit check required, No employment required"\n\nhttp://www.fastcreditcardoffer.com/credit-card-search/credit-rating/bad-credit-no-credit/default.aspx\n\nGood luck.\n\n.
1086611
The best source of financing for new small businesses is friends and family.  No such thing as free money, and there is almost nothing available in the private investment or loan market for a brand new business that does not yet have positive cash flow or valuable intellectual property.  \n\nIf you do borrow from friends and family, just be sure to do it in a way that is fair for all parties and be sure to document your agreement in a written contract.  Business deals that go sour between friends and family members can get really ugly, and can permanently damage a relationship that is more valuable than your business.  Protect the personal relationship using smart preventive business and legal measures to avoid disputes.
745121
Have you heard of micro credit?\nApproach your government. Go with your business plan that is solid. \n\nMicro credits are small amounts of money - no or very little interest rate. No collateral is necessary. They just want people to get on their feet and help those who want to work hard and make the money the old fashioned way - earn.\n\nYou repay when you become successful. Note I said when not if.
528495
Building business credit is not a quick process - it takes time, normally around 3-4 years. The first step is to set up the proper business structure and take basic steps to ensure your business appears "real" and stable to the business credit bureaus. That means getting the proper occupational licenses, and a phone number that is listed with directory assistance in the businesses' name, among other things.\n\nOther than paying a company to do it for you, here are some ways you can build a business credit fast:\n\n1. Register your phone in your business name\n2. Get a business checking account\n3. Register with DUN & BRADSTREET and get your DUNS Number\n4. Find vendors who can give you lines of credit (start with Staples or DELL)\n5. Apply for a business credit card - giving your business EIN instead of your SSN\n\nI recommend reading the article "Building Business Credit" at http://www.powerhomebiz.com/vol146/credit.htm
1033316
To get started, I suggest contacting the Small Business Administration (SBA) – links below. Entrepreneur also offers a great site dedicated to money & finance – see below.\n\nResearch, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:\n\n* Free Money for Small Businesses and Entrepreneurs by Laurie Blum\n* Finding Money: The Small Business Guide to Financing (Small Business Series) by Kate Lister, Tom Harnish\n* Financing Your Business Dreams With Other People's Money: How and Where to Find Money for Start-Up and Growing Businesses by Harold R. Lacy\n* No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money by Terry Allen\n* Starting on a Shoestring: Building a Business Without a Bankroll by Arnold S. Goldstein\n\nThere are plenty of free informational resources out there. Check the source box for links to articles.\n\nHope that helps! I wish you much success & happiness in all your ventures!
271714
I have operated a grant research and writing consulting firm for 30 years. Do not buy into the myth that there is FREE MONEY out there for your to start your business. The people who sell this information make their money off of people who are looking for something for nothing.\n\nContact your local Small Business Administration (SBA) for courses and services that can help you learn how to do it the right way.\n\nThe government DOES provide GUARANTEES for qualified loans that may be advantage to you should you be prepared to go the professional convential route of borrowing money to establish your enterprise.\n\nGood Luck and stay away for the FREE MONEY SCAMS.
921654
If you are only looking for $3,000, check out SBA's Microlending program http://www.sba.gov/financing/sbaloan/microloans.html which provides loans up to $30,000. For that amount, you can use your credit card instead.\n\nIt 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.\n\nNonetheless, 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.\n\nEven 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.\n\nEven SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html... \n\n"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."\n\nHere is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.\nhttp://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show\n\nMost 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 \n\nGrants 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 \n\nFor private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online. It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don't have listings of private foundations who give grants to would-be entrepreneurs.
1041367
Bad news about getting turned down.  The problem you face is that you are on parole and have a bad credit score.  If you cannot get any money from family or friends, then you will continue to struggle to find investors.  \n\nThe SBA does not guarantee loans for businesses (or their owners) that have bad credit.\n\nBanks generally follow the same rule, but banks are primarily collateral lenders, so if you have an asset that has an equal "salvage value" as the loan amount that you wish to recieve then you might be able to bypass their other concerns.\n\nFriends and family need convincing, just like any other investor, that your business will be successful and that they will receive their investment back.\n\nBesides that, you might try to find someone else that is an entrepreneur (and is not competing directly with you) to help you out by mentoring you and giving you a small loan to get you started.  Another possibility, although slim, is finding an "Angel" investor who will give you the money in exchange for part ownership of your business.\n\nOne last thing you might consider is a partnership with someone who has the money, but not the time.  This can be attractive to people who are working full time and feel that an investment in you and your business will have a greater return than a 5-year CD or the interest they receive from their savings account.\n\nI hope that helps and good luck with your business!  America is built on the backs of entrepreneurs.
472934
You can get a loan from your credit card. Ask for a cash advance. However, use it only for an emergency because it charges very high rates.
870821
If you are looking for loan and how the government can get you one, I suggest you contact the following agencies. They can advice you and point you to the right direction in seeking out small business loans:\n\nSBA New York http://www.sba.gov/ny/ \nNew York SBDC http://www.nyssbdc.org/ \n\nAlso check SCORE offices in your area in NY. They are a group of retired executives and business owners and you can get free advice from them in starting your business\n\nAlbany - Northeast SCORE http://www.scorealbany.org \nBinghamton - Greater Binghamton SCORE http://www.greaterbinghamtonscore.org \nBuffalo - Buffalo Niagara SCORE http://www.scorebuffalo.org \nGarden City - Nassau County SCORE http://www.scorelongisland.org \nKingston - Ulster SCORE http://www.scoreulster.org/ \nNew York - New York SCORE http://www.scorenyc.org \nPlattsburgh - Clinton, Franklin, Essex http://www.scoreplattsburgh.org \nPoughkeepsie - Dutchess SCORE http://www.scoredutchessny.org \nRiverhead - Eastern Suffolk http://www.easternsuffolkscore.org \nRochester - Rochester SCORE http://www.scorerochester.org \nSpring Valley - Rockland County SCORE http://www.rocklandscore.org \nStaten Island - Staten Island SCORE http://www.score476.org \nSyracuse - Syracuse SCORE http://www.syracusescore.org \nWatertown - Watertown SCORE http://northcountryguide.com/slc-chamber/score/ \nWellsville - Chautauqua Region SCORE http://www.scoresouthwestny.org/ \nWhite Plains - Westchester SCORE http://www.scorewestchester.com
54554
To the first part, you can't. I've tried.\n\nFor grants and loans, visit your local government or search online.  \n\nLoans can be detrimental to a business because these force profits out of your pocket in order to pay the loan.
1005951
Even though you have "poor credit", you can still get a loan.  If you have assets, you can put them up as collateral.  An example, go to a pawn broker (hock shop)
308405
apply for a business loan, and credit cards.  Also set up a corporation then issue stock.   Having a corporation gives you owners equity from which to borrow.