Need Some Advice?

**toughlittlearies** · 05-12-2010 07:37 AM

Hello everyone, I have a few questions. My sister & I are thinking about starting a small diner; serving breakfast & lunch only.
We are unsure about how to go about doing it.

What do we need to do to get a loan?
What do we need to show the bank for the loan?
Do we need a permit?

And anything other info that you think may be useful, is greatly appreciated.
Thanks in advance for your help.

**Stefanhunter** · 05-12-2010 10:19 AM

First of all I think that only providing breakfast and lunch will be an extremely large task since most of a restaurants income comes from dinner! Getting a loan at this time is very hard because of the economy and the banks are really too fast on loaning to people without any strong original income! Maybe try a private investor - if your idea is good enough then you never know what could happen!

**toughlittlearies** · 05-12-2010 10:54 AM

Thanks for the advice.

If we did decide to stay open for dinner, it would be light dinners, like soups, salads and stuff like that.

**Stefanhunter** · 05-12-2010 11:06 AM

To find investors maybe try going to the angel list on a site called venturehacks. It has a pretty large database of investors! Has anyone else got any sites that let entrepreneurs put their ideas to investors?

Yeh that wouldn't be a problem, you should just make sure that you have a product that your market will love - that way it is hard to go wrong! Maybe try a couple of surveys or just ask people what they think in your local area!