Small Business Loans

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I am a mortgage broker and want find out how I can fund small business loans too. can I broker them to banks?

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Business loans are a lot more complicated then mortgages. Take a business course at your local community college before you try this.

New business loans for small businesses with an option to have a deferment period in order to start your business without the stress of loan payments.

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go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you. SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA). SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.

I saw it on TV a year or so ago. If I'm not mistaken, the creator was in the running for the Nobel Prize. It was started so anyone who had some money to invest, could provide small loans to individuals in developing countries to start their own businesses. Then the loans were repaid with interest and the satisfaction of helping develope the economy of a small country. I think the preliminaries were had positive results, as people were repaying as they should. Does anyone have any information on it or a link?

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It was Mohammed Younus, the economist who put the word "microloan" on the map with the Grameen Bank in his native land of Bangladesh. Here is his profile on the BBC website: http://news.bbc.co.uk/2/hi/south_asia/ 6047234.stm

Does someone know where I can find some good small business loans...but I want business loan to start a business not a loan for a business that I already have.

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A small business loan is one of the most treasured commodities in the business world. It is still very hard to get despite the claims and promises of banks, credit unions, and other lending institutions that they want to help American small<!--business to survive and grow. In fact it sometimes seems that banks and other lenders want to see small businesses fail and only support those that survive the battle for customers, revenues, and finances during their first two years. http://best-loans.awardspace.com/ businessloans.htm Getting a small business loan is most difficult during these first two years, when most businesses face a myriad of challenges involved with not only opening their doors, but hiring and training staff and meeting the demands of customers, clients-->suppliers and vendors. The main reason that the banks use for not granting many loans during this period is like the same reason that a student can?t get a job coming out of school. They don?t have the experience.

I was just wondering if anyone had any insight on this. My family and I are planning on overtaking a family restaurant within the next 5-10 months. The vast majority of my family is women. But most "small business loans" are for new start up companies, and this is something we see as low risk since the restaurant now is profitable and we're keeping the name. Does anyone know where I can find a step by step process to finding the correct loan in this area? Thanks so much!

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This may not be exactly what you are looking for, but, I think you are taking over an established business, as in, someone in your family or all of you are taking over legal ownership of the restaurant...you could go to a regular bank in your area and get a small business loan using your restaurant as collateral. With solid cash flow statements, I can't see why you would be turned down. Local banks are always looking to partner with local businesses because it makes them look good and builds their credibility in the community. So, before you get adventurous, start by looking to see which banks are listed in your local chamber of commerce directory. Those folks would be the ones looking to support local businesses. When you get a local banking contact, invite that person to your restaurant for lunch...or join the chamber of commerce and host a chamber event, like a happy hour if your serve drinks or offer chamber members coupons. In my opinion, when it comes to banking, relationship building in your local business community is more effective than fishing around for companies offering programs who don't really understand the true value of your business.