Board Topic: Small Business Start up Loan
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Small Business Start up Loan

Posted by: junrhockey Oct 6 2004, 03:18 PM
I am wanting to open up a small indoor sports complex. It will have some batting cages, 18 hole Miniature golf and an Inline rink. I am only needing to borrow about $30k. My credit score is around a 600. What should I do, were should I start??

Posted by: loanuniverse Oct 7 2004, 10:54 AM
The credit score will be a problem as some people will consider a 600 score as being either inadequate or marginal at best.

At this level of borrowing and considering the start up nature of the deal, you are probably going to have to go with some kind of Government guarantee {think SBA} or a local Government program.

The first step would be to put together a business plan. I have a business plan tutorial somewhere in the site, but there are other resources in the internet that are more complete in this area.

Good luck.

Posted by: junrhockey Oct 8 2004, 09:41 AM
Thanks L.U.

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