What are my chances of getting a business loan?
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ruperta
Apprentice
Joined: 18 Nov 2007
Posts: 2
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 Posted: 10/21/08 - 07:24 Post subject: |
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| I was thinking about starting a business. It would be my own private thing and I would not involve anybody else. I was an employee for 13 years and now I believe that it is time for me to start working on my own. I always had stable salary and I have never had any more significant debt. Can you tell me this thing; what are my chances of getting a business loan? Regardless to everything that I’ve said, I still have no savings, so I can’t start it without a loan. |
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jethro
Apprentice
Joined: 08 Aug 2007
Posts: 7
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| Posted: 11/20/08 - 04:01 Post subject: |
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| I think that you have pretty good chances, but you need one element in order to be sure that you are going to get it. You need an asset that will help you assure your repayment. That is, you’d most likely get some kind of a mortgage, but a business loan, typical, would be just hard for you. I believe that this loan is meant for people who are already in some kind of business. But I don’t know for sure. Check it elsewhere. |
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