+ Reply to Thread
Results 1 to 6 of 6
Ads by Google
  1. #1
    Shernade is offline Junior Member
    Join Date
    Jun 2010
    Posts
    1

    Start-Up Funding, government grants or vestors?

    I would like some advice on how I can source for funding for my small business if I have an adverse credit history?

  2. #2
    Joe Micheal is offline Junior Member
    Join Date
    Nov 2009
    Location
    In your hearts
    Posts
    42
    There's no grant available for small businesses by the government.

    If you have adverse credit history, it means you are not managing your cash flow intelligently and you have made a finance mistake. There are still some people, organizations or institute who like to help entrepreneurs who actually are at financial bay.

    Here are some links that might help you.

    Finance Start-Up
    Small Business Financial Assistance

    Watch the video:

    How to Finance a Business : How to Get a Business Loan With Bad Credit

    http://www.youtube.com/watch?v=a1H93...layer_embedded

    Hope all these helps you.

  3. #3
    lizaadams is offline Junior Member
    Join Date
    Jul 2010
    Posts
    11
    Typically grants are only given out to non-profit organizations -- or sometimes minority groups. It takes a lot of research but it might be worth the effort if you qualify.

  4. #4
    rookietrader's Avatar
    rookietrader is offline Junior Member
    Join Date
    Oct 2009
    Location
    atlanta, ga
    Posts
    36
    Even on the SBA website it's stated that if someone tells you that you can get a grant for your small business it's false. Grants are mainly for nonprofits. So how bad is your credit? Do you know your FICO score? Is your credit score low because you've maxed out credit because you've used for your business. Or is your credit low because this past year or two you've skipped multiple payments. I found a company called accion that claims to finance businesses with a FICO score of at least 575. Its an SBA lender.
    Exquisite Deals By K - Wholesale & Closeout Distributions

  5. #5
    swimdiva is offline Junior Member
    Join Date
    Dec 2010
    Posts
    25
    Investors are hard. They will not invest in your business unless they believe you can be trusted. If you really want to start a small business then start saving now! Having an account with even 10% of the total amount you need helps show the investors that you are serious. No one invests in something that no one else has invested in...

  6. #6
    veikoh's Avatar
    veikoh is offline YE Veteran
    Join Date
    Dec 2007
    Location
    Barcelona, Spain
    Posts
    785
    You could still get Grants and Goverment Backed loans to start a business if you are in Europe.

Ads by Google

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Untitled Document
YoungEntrepreneur Logo Featured on: Business Week About Alltop Wall Street Journal

Terms of Service | Privacy Policy


SEO by vBSEO 3.5.0 RC3