business loan......

hestheman · 28-09-2008, 10:38 PM

I have an idea for a unique business. This business will cost 5-10k to start and I would need a small business loan. I have bad credit. Does anyone know a quick way to get 5-10k?

**uhafmail** · 28-09-2008, 10:41 PM

Rob a bank... Actually scrap that, they don't have any money, umm rob walmart.

Bank loans are hard to get over here so i guess in the US they will be even harder.

**E-ASYCHOICE** · 28-09-2008, 10:59 PM

A Quick way (Not always the best way) - Credit Card.

Depends how quickly your going to turn the 5k/10k around, If you use it wisely and can turn the profit before the '0% on purchases' offer runs out use their money to purchase the stock, repay the stock cost from the card, keep the profit.

But . . .

If you cant repay by the time the '0% on purchases' runs out you will then be charged the interest, which on 5k/10k could be a fair amount.

Its an option, but not always the best one

MathewLisett · 28-09-2008, 11:02 PM

ok dont think of it as a quick start to gain the money otherwise years down the line youll be doing your head in such like me, i thought getting the money i need which is aroudn 15-20k for the first year woudl be easier enough, and its not .

i was declared nakcrupt some years agoso my credit rating is also shot for a few more years.

what i can pass on to you though is that if you look for a business investor angel or even the national lottery.

i have sent comunicaiton and hoping for some back from them.

also get your idea to a point where its realistic, dont have it all fantasty type where it woudl take years to get it right where you want it.

contact buiness link as they have been really helpful and also gain as much informaiton about each direction you plan to obtain as this makes the finaces look clearer as for what is needed and why.