Question

Asked: Oct 29, 2009

I am looking for a loan to start up a small irish style breakfast cafe.

Looking for a loan for cafe in my area .I am in the business for 20 years and i think the area i live in is missing at place for young and old to go have breakfast irish style

Categories: In Money and Finance > Financial Planning
In Startup > Startup Financing
Industries: In Food & Beverage > Restaurant Services

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Answers

Hello Willie,

The key ingredient to getting a small business loan is preparation. First, gather together the documents that will help persuade the lender that a small business loan is necessary and that you are a good risk:

1. A business plan
2. Cash flow predictions
3. A statement of personal financial status
4. Past tax returns
5. Credit report rating

You can apply for an SBA 504 or 7A loan, that allows you to purchase the property with only 10% down, and purchase the property with those funds. Right now the SBA is not charging any loan fees and the interest rates are extremely low. You can't go wrong :)

Source: www.finditfillit.com

Answered: Nov 04, 2009


Good !
Try to get a loan from a bank/financial instituiton and move towards your mission
This is a good businees idea as you have more than 20 years experience in the business.
and you know things better about your business also
Best of Luck for your efforts in making the business a success

Answered: Nov 08, 2009


Hello Willie,

My name is Jennifer Simmons and I work for a company that specializes in Asset Base Lending. You can visit our website at www.anchorcorp.net, and if you are interested please give us a call at our office [phone number is on website]. We are open Monday- Friday from 10:00am- 4:00pm.

Thank you

Source: http://www.anchorcorp.net

Answered: Nov 13, 2009

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