Looking for a goverment's business loan.

[Lucho]

First, let me express my excitement for the new look of this web's page.

I have a couple (new clients) that needs some extra cash for a business they are working on establishing. They have being unable to get it from banks. I will appreciate if someone who knows can tell me (by posting) how to get information on how to apply for a loan through the government.

Thank.

Have a peaceful Thanksgiving Week.

Lucho

[TAXBILLY]

http://www.sba.gov/

taxbilly

[Lucho]

http://www.sba.gov/

taxbilly

Thank you, Taxbilly.

Have a nice day.

Lucho

[jainen]

>>a loan through the government<<

Why did your clients not qualify? If it is because they have poor credit or a weak business plan, they need to fix those problems first. If it is because their idea is very original and market research is inconclusive, they will have to find unusual financing. The Small Business Administration guarantees loans, not makes them. Other agencies also guarantee loans, including Fannie Mae and Freddie Mac, but all with pretty standard underwriting. Presumably if the banks saw any hope of qualifying they would have already made the referral, because that's what they do.

Although not nearly as common as it used to be, don't overlook redevelopment agencies, arts councils, and other local governments for startup money. They may take a closer look at non-financial aspects of the project. For really oddball ideas the best hope would be private money from family and friends, venture capitalists, pawn shops, etc.

[Lucho]

>>a loan through the government<<

Why did your clients not qualify? If it is because they have poor credit or a weak business plan, they need to fix those problems first. If it is because their idea is very original and market research is inconclusive, they will have to find unusual financing. The Small Business Administration guarantees loans, not makes them. Other agencies also guarantee loans, including Fannie Mae and Freddie Mac, but all with pretty standard underwriting. Presumably if the banks saw any hope of qualifying they would have already made the referral, because that's what they do.

Although not nearly as common as it used to be, don't overlook redevelopment agencies, arts councils, and other local governments for startup money. They may take a closer look at non-financial aspects of the project. For really oddball ideas the best hope would be private money from family and friends, venture capitalists, pawn shops, etc.

Thank you for your post jainen. I probably meet them this weekend.

Lucho