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Saturday, August 16, 2008
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4 comments:
In today’s economy, there are many lenders that are prepared to make an unsecured business loan. All that is needed is a good business plan that the lender can look at. This will allow a business owner to get the loan without having any sort of collateral such as real estate to secure the loan.
Taking unsecured business loans is a tidy and lengthy process, but people still prefer it to float their business when they are short of funds. There are many success stories of past that are associated with taking a business loan and making good use of it.
Hmm… I'll have to keep this post in mind because I want to run my own business soon. I have a good amount of money saved, but I know I'll have to take out a loan at some point. I can use all the advice I can get. Lately I've been thinking about buying a business instead of starting one from scratch. Any suggestions? Advice? Thanks.
@Mary -- Have you looked into other online resources? I've been told that BizTrader.com is a good place. It's this online global marketplace where you can buy a business, and even sell a business. You can also use it to find a lender, broker, accountant, or any other type of professional help.
Then there are also local small business groups, like the Chamber of Commerce, that can be a good resource.
Good luck!
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