My name is Zenatta and I just open my new boutique I was fortune enough to come into this store with inventory but to maintain and keep my boutique open I need help with capital I've been turn down way to many time to get a loan.
There has to be another way of getting financial help. I need help in this area even if it is a small amount of capital.
It is hard to explain how I've been in business for as long as I have unless you believe. With the recession I realize banks aren't lending but there has to be grants to help minority business or sponsors that would be willing to help.
Anyone can give me some subjections I would appreciate it.
You need to sell off your inventory fast and reinvest quickly into hot items,
if you're running out of money then you need to do a profit projection and
see where your shortfall is.
I know that a lot of business owners get discouraged when they get turned
down by a bank. However, they need to keep in mind that in order to be
successful at getting the loan, they need to show up prepared. Asking in an
internet message board is a good start, but to be really prepared you need to
sit down with someone to go over the numbers. Try Score.org and talk to one
of their volunteers.
I would recommend you keep checking out new banks. You can look for grants and government loans that may be available, or else private loans would probably be your last option.
Addison
Lawsuit Loans
Message Edited by NicoleD on 12-11-2009 05:07 PM
I would recommend you keep checking out new banks. You can look for grants and government loans that may be available, or else private loans would probably be your last option.
Addison
Lawsuit Loans
Message Edited by NicoleD on 12-11-2009 05:07 PM
Check out the Loans and Grants Advisor blog on Loans for Business Owners with Poor Credit . It has information on alternative financing options that may be just what you're looking for.
Good luck and please share your progress with the community!
There is a way to get financing for a retail operation without too much emphasis on your credit. Termed business cash advances - these advances are based on your past credit card sales. Since the focus is on your past sales - they aren't very concerned about your credit.
Another option would be to get out in your community and try to find a partner with cash or good credit.
There are not many grants for 'for-profit' businesses.
Check out the Loans and Grants Advisor blog on Loans for Business Owners with Poor Credit . It has information on alternative financing options that may be just what you're looking for.
Good luck and please share your progress with the community!
There is a way to get financing for a retail operation without too much emphasis on your credit. Termed business cash advances - these advances are based on your past credit card sales. Since the focus is on your past sales - they aren't very concerned about your credit.
Another option would be to get out in your community and try to find a partner with cash or good credit.
There are not many grants for 'for-profit' businesses.
Yes my personal credit history is bad but my business credit is good but it doesn't matter. I hadn't thought about the credit union but I'll try them.
Thanks.
PDLoans | Window Shopper | 8/21/2012 - 8:50 am
if you're running out of money then you need to do a profit projection and
see where your shortfall is.
loanuniverse | Window Shopper | 4/2/2012 - 10:26 pm
down by a bank. However, they need to keep in mind that in order to be
successful at getting the loan, they need to show up prepared. Asking in an
internet message board is a good start, but to be really prepared you need to
sit down with someone to go over the numbers. Try Score.org and talk to one
of their volunteers.
addisonpsf | Creator | 1/18/2011 - 8:45 am
addisonpsf | Creator | 3/23/2010 - 7:01 am
JamieD | Former Moderator | 8/12/2009 - 10:26 am
phanio | Contributor | 8/13/2009 - 12:25 pm
JamieD | Former Moderator | 3/23/2010 - 7:01 am
phanio | Contributor | 3/23/2010 - 7:01 am
sassiz | Performer | 3/23/2010 - 7:01 am
sassiz | Performer | 8/10/2009 - 1:16 pm
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