I have bad credit and no assets is there any way for me to get financing to start a business?
Jun 09, 2009 in
Small Business
brooxieexotic
Bad credit no assets wanting to get financed to open a business. How to open a business with bad credit?
Bad credit no assets wanting to get financed to open a business. How to open a business with bad credit?
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7 comments
Miss V on June 9, 2009 at 6:35 am
Probably not. For some reason, you don’t pay your bills. Not exactly the kind of risk that someone with money wants to trust theirs with.
Maybe you need to continue working for someone else first and take money management classes on the side so that you can better protect the wealth that you have.
reena r on June 10, 2009 at 6:25 pm
Apply for a business loan….
watchay on June 11, 2009 at 4:02 pm
why not?. as far as you have the ability to run that bussiness. and still have the spirit. it’s no matter how many time you fall down, the most important things are can you stand again and face the truth and make the change.
about the finance you needed to start the bussiness, there are some opinion:
1. get the loans from bank. if you have no assets, maybe the plan and good proposal can usefull, but if still no solutions, forget this way.
2. get the loans from friend or family. explain clearly your plan and goals. how you will run this bussines and how you payback the loans. If they agreed to lent you the loans, last but not least, you must very serious to do and take action to run this bussines and show them you are something they should not be anoyying. If they refuse, don’t upset. because you already known you had bad credit. try to change and try another way
3. Find the investor or partner and let them share with you as a corporation. let them control the financial department and you concentrate in management or marketing. be a good partner for each other, and together aiming for the goals. with this commitment, things will be going better.
Viva ! go up friend. CHANGE !!!!
Leo F on June 11, 2009 at 11:59 pm
If you can’t run your own life and pay your bills what makes you think you can run a business?
Metal d on June 14, 2009 at 1:53 pm
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