Hi, Iam looking for advice because iam trying to open this club.
The building that i want cost $140.000 .Then i added $60,000
towards music equipment, and if i have fix the place up.
I would like advice in how to apply for a loan and were.
Iam trying to do this in Buffalo, New York.

Jomarlin:

Here is some feedback:

1- This would be a startup and would need startup financing.

2- Banks do not give loans to startups without other factors coming in to mitigate this. {think SBA, think strong guarantor. Think additional collateral}

3- You did not mention anywhere your equity contribution. Even in the case of an SBA guarantee, you will need 25% of the total as a minimum. {think investors}

4- lack of historical information means that you need a business plan.

5- There are some places such as www.score.org that can provide someone that will go over the numbers with you.

Good luck