Where can I find easy small business funding for someone under 25?
Nov.09, 2009 in
inheritance law
Advertise. Use your product to talk to people. Draw up a business plan, walk into a bank with a percentage down and talk it out. You may have to talk to several banks. Get suggestions from others in your field with out giving away your plan. Talk to a rich family member and offer them a rate of return on their investment. (anything over the value of a savings account is good) If someone says they will take anything more than 10% tell them to look into mutual funds, that you are a business not a fund. Read Robert Kiyosaki, and Dave Ramsey to learn how to manage the funds, and grow at the same time. Good Luck.
November 9th, 2009 at 6:14 am
Advertise. Use your product to talk to people. Draw up a business plan, walk into a bank with a percentage down and talk it out. You may have to talk to several banks. Get suggestions from others in your field with out giving away your plan. Talk to a rich family member and offer them a rate of return on their investment. (anything over the value of a savings account is good) If someone says they will take anything more than 10% tell them to look into mutual funds, that you are a business not a fund. Read Robert Kiyosaki, and Dave Ramsey to learn how to manage the funds, and grow at the same time. Good Luck.
References :
http://Www.daveramsey.com
November 9th, 2009 at 7:03 am
Here’s where i managed to solve a problem like that, i checked this site and learned different styles of entrepreneurship in any age.. check out my source..
References :
http://www.mysbciclub.org
November 9th, 2009 at 7:33 am
The immediate answer is SBA though I am not sure "easy" is part of the answer. Being under 25 is not relevant unless during those 25 years you have not established credit- typically 2-5 trade lines for at least 2 years. There are options where your business plan can entice banks to invest, but you are going to want to use a bank that can make local underwriting decisions (like mine, 5/3rd
) Otherwise your other options are 1) use of the equity in your home if you have one WITH equity and 2) "hard $ lenders" or investors which have a tendency to charge a rate that may be too high for you to overcome start up costs at a reasonable rate. Feel free to contact me if you need a local bank to help.
References :
11 years of banking