Hi Sammie,

The first place to go is your bank. Talk to the commercial lending dept.

Go see your local SBDC, Chamber of Commerce, and Economic Developement offices. if you can get a mentor assigned from SCORE, that could help as well.

Good Luck!

Source: http://www.abusinessmentor.com

Hello Sammie,

The key 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

and maybe,

4. Past tax returns
5. Credit report rating

After you have all of your documents in your order then it's time to approach a bank or even the SBA. SBA (Small Business Administration) loan programs are tailored to help entrepreneurs in your current situation.

Hello Sammie carlisle,

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 for more detailed information and if you are interested, please give us a call [phone number is on website]. We are open Monday- Friday from 10:00am- 4:00pm.

Thank you

Source: http://anchorcorp.net

Jennifer, I'm really curious: How does your company do it? I mean, how do you lend money to people who are being turned down elsewhere? Are the interest rates higher? Are the repayment terms more stringent? Do you require more collateral?

Hi Erica,

Being that we are going through this recession a lot of banks aren't even giving loans to the most credit worthy individuals. At Anchor Capital Funding we are a secondary lender, we do not go through the banks to get these loans. Our motto at anchor capital is "If we can't do it, no one else can"! The intrest rate at Anchor Capital is between 7%-13%. Please visit our website at www.Anchorcorp.net. or give me a call [phone number is on website]. We are open Monday-Friday from 10:00am - 4:00 pm

Source: http://www.Anchorcorp.net.