Print this page | Go back to previous topic
Forum nameFinancial Feast
Topic subjectRE: Bankruptcy?
Topic URLhttps://www.businessownersideacafe.com/forums/dcboard.php?az=show_topic&forum=105&topic_id=183&mesg_id=184
184, RE: Bankruptcy?
Posted by lisasgourmet, Sat Feb-24-07 02:54 PM
Roger:

YOu may have some difficulty with the banks on that one. BUT, there are other possibilities.

First,and foremost, you MUST have a complete business plan, along with a personal financial statement, minimum 2-3 years personal tax returns, and definitely, include a summary explaining prior/past credit problems.

In my experience, a bankruptcy does not have to be the ice-breaker for financing. It really depends on the bank, the circumstances for filing, etc.

Go in with a strong business plan, realistic explanations, ect. and it could still happen.

Start with your local Small Business Development Center. They are awesome for business mentoring.

Good Luck!

Lisa
http://www.allthingscheesecake.com

Save the Earth! It's the only planet with cheesecake!:D