843, RE: Start up financing|
Posted by bizdev, Sun Nov-29-09 06:53 AM
You don't say how much money your need or what avenues you have already pursued.
For an SBA backed bank loan you need to meet all of the following criteria: 20% of the cash needs come from you; excellent credit; strong collateral; industry experience; repayment ability.
Most entrepreneurs also do not qualify for venture capital, grants or angel funding.
This is why there will soon be a new funding option available for serious entrepreneurs with a great business plan who have not been able to obtain financing through traditional sources. Learn more about Preneuraholics.com in the blog below. Depending upon how much funding you require you might be able to apply for and recieve your funding.