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Author Topic: Should we get a loan to start a business?  (Read 6056 times)

Offline cleverpancakes

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Should we get a loan to start a business?
« on: March 02, 2017, 10:15:02 pm »
I saw a used commercial and industrial property for sale recently. I'm having second thoughts to purchased it  because I do not have enough funds or capital. I'm indeed interested to have it for a business (ready to wear clothes). That's exactly the idea of my husband. But then to pursue our plans, we are considering getting a loan for that? Will that be good enough? How do we get a loan to start a business? 

Offline davewindsor

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Re: Should we get a loan to start a business?
« Reply #1 on: March 04, 2017, 06:42:23 pm »
I saw a used commercial and industrial property for sale recently. I'm having second thoughts to purchased it  because I do not have enough funds or capital. I'm indeed interested to have it for a business (ready to wear clothes). That's exactly the idea of my husband. But then to pursue our plans, we are considering getting a loan for that? Will that be good enough? How do we get a loan to start a business? 

Why don't you ask to go to a bank and ask a loan officer what they require to be approved for a commercial loan?
Landlord

marksmith

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Re: Should we get a loan to start a business?
« Reply #2 on: August 22, 2017, 12:44:34 pm »
Hi,
I totally agree with davewindsor, you should talk with a financial officer or bank to get a loan.
Thanks!!

Offline Segun V.

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Re: Should we get a loan to start a business?
« Reply #3 on: October 28, 2018, 01:22:08 pm »
Why don't you ask to go to a bank and ask a loan officer what they require to be approved for a commercial loan?
[/quote]

Loool, I second this.
Your travel guide to the world.
http://hotels.ng

Offline Luna Moon

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Re: Should we get a loan to start a business?
« Reply #4 on: November 25, 2018, 05:40:14 am »
For sure check the real conditions at your bank first to take everything into consideration. You should plan thoroughly before making big decisions.

Offline heartlandbuyshouses

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Re: Should we get a loan to start a business?
« Reply #5 on: November 29, 2018, 02:50:01 am »
If you don't like banks, maybe you can contact an investor.
Don Wede
Heartland Funding Inc.
www.heartlandbuyshouses.com

Offline Serfy.io

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Re: Should we get a loan to start a business?
« Reply #6 on: November 30, 2018, 01:15:06 am »
Contacting an investor can sometimes lead to things not planned in  the begining, so i suggest going to a bank, and ironing out the details.

Offline louiselong

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Re: Should we get a loan to start a business?
« Reply #7 on: November 30, 2018, 08:05:58 am »
I would also prefer visiting a bank and getting a loan. You could also ask your friends or a family member. A have a friend who is working for https://edubirdie.com/cheap-research-papers, and he wanted to buy an apartment where he could live. But hadn't enough money to buy it, so he asked family members if they could help him. Eventually, he bought that apartment. But contacting an investor is not a bad option if you have a particular business plan for that property the investor would be interested in.

 




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