Question for those who like finances??

This is a really stupid question, but then again, the stupidest question is the one you don't ask.. so here goes

I don't have any credit, not BAD credit.. just no credit, which may as well be the same thing I suppose... but anyone have any advice or know-how as to get a business loan? Or somehow to get a start up capital? Any help would be greatly appreciated...

I'm not even lookin' for a lot in a sense of business terms..

Maybe anywhere from $1,000- $5,000...

Thanks everyone! - Herb

hi herb
i can also a question that i am sure u are wondering about. how to gain credit is to open up a credit card and pay it off every month. slowly request increases of ur credit line and u can open up a few other cards. the key is to have cards open that u do not use. this lowers your percentage of credit utilization and in the long run increases ur credit score.
as for where to get a business loan, i am unsure (

You would go to a bank to get a business loan. If you're trying to start a business, see if there's a not-for-profit small business development center (SBDC) in your area; they can help you create a portfolio and in general make your business as prepared as possible, which will make it likelier that you get a bank loan. If you have any past experience with owning businesses, it will help a lot (my dad has [i88661f2d5b]terrible[/i88661f2d5b] credit and was able to get a $150K+ loan to start a restaurant just by showing the bank how he'd been a landlord and owned profitable estates in the past).

For that small amount... I'd just borrow it from a friend/brother/Parent/Relative. That way, They don't even charge interest!

This is all terrific advice! Thank you! As for as the business development center, would they handle online businesses? If not, would they charge a fee to help get me started or is this a city service type of deal? Just wondering. -)

Do I smell another freebie site?

[quote004c462c8a="HerbieBalls"]This is all terrific advice! Thank you! As for as the business development center, would they handle online businesses? If not, would they charge a fee to help get me started or is this a city service type of deal? Just wondering. -)[/quote004c462c8a]

If it is in fact a freebie site that you are planning, banks are not very keen on these types of things. Just because the high risk involved. Also, I don't see you take out a personal loan for a small amount under $10,000. They would have some suspicion in starting a business with a a $2500 capital. That;s just me two cents though.

[quotee5fc179789="O4F-Manofice"]Do I smell another freebie site?[/quotee5fc179789]
I sure as hell do...And did when he said "$1,000 to $5,000" haha.

Good luck to you and this future site of yours...

What do you mean, business development center? If its a website, find a webdesigner.