How do i apply for a buisness loan if i havent got an account?

i need a buisness loan but i havent got a bank account i have got bad credit when i was younger but thats starting to change i have been offered to buy my own pub and need a bit of advice.

How do i apply for a buisness loan if i havent got an account?

No lender will talk to you unless you provide them with a valid business plan. Go to http://www.sba.gov , http://www.score.org or http://www.bplan.com for sample business plans and instructions on how to write a business plan. Take the completed business plan to a banker.

How do i apply for a buisness loan if i havent got an account?

Hello,

You would first need to register your business with your State and local government office (if required). You then would need to apply for a EIN/Tax ID Number through the IRS (which can be done online or over the phone *free of charge*). You then would be able to open a bank account, etc under your business and be able to apply for loans, etc. Depending on your business type a personal guarantee may be required. You then could apply for a Dun#.

Hope this little bit of information will help you.

How do i apply for a buisness loan if i havent got an account?

It sounds like, you might need a %26quot;personal loan%26quot; for the purpose of investing it back into your business before you apply for a %26quot;business loan.%26quot; However with bad credit this may be difficult. Try bringing in a business partner with good credit, so he/she can co-sign the loan for you.

How do i apply for a buisness loan if i havent got an account?

Small business loan are a great financial help for small business owners. Without monetary support, a business, whether it is big or small, can not be run smoothly. With a small business loan%26lt;!-- financing in small business is always possible. Can a borrower with bad credit score apply for a small business loan? Yes, they can. With the availability of a bad credit small business loan, a bad credit borrower can also finance in his small enterprise.

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In the loan market, a bad credit small business loan is available both in secured and unsecured form. The secured option claims a security against the lending amount. Borrowers can use any sort of valuable object as a security--%26gt;it could be commercial or personal. Oppositely, the unsecured option comes without any such requirement. This option is appropriate for those entrepreneurs who are not interested in pledging their property against any loan.