Posts Tagged ‘loan’
May 22nd, 2010 | 
Author: Hello everyone, one of my best friends is starting a coffee shop in Lake City, Colorado. She has everything ready to open. She just needs $30,000 to open her doors and get things rolling. However, she is young (20) and she cannot seem to get a loan because of her credit and lack of collateral. She is very responsible… but this is merely because she hasn’t built her credit or collateral.
Her direct quote is, “I am in the process of opening a coffee shop but I am lacking funds. I have all my contacts set up, I have a business plan and a building. All I need to get my doors open is money.
I have been declined on loans due to lack of credit and collateral. This is only because I am young and haven’t built it, not because I am irresponsible or flakey. Please help if you can.”
Does anyone know how she could open her business? Is there any loans that are trustworthy… that would help a young woman start a small business? Is there anyone that would invest for this to happen?
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I have always wanted to own my own business. I finally found something I would be interested in and have experience with. It is a franchise opp. called Home Instead. I hear, in CA, at least, women small business owners are considered minorities. Where would I begin to find a business loan for an unemployed stay-at-home mom with not so good credit?
