I am seeking to begin the washing service/laundromat in my hometown. I have the glorious commercial operation devise as good as location(location is everything!) for this business. The complaint is MONEY! $250,000 to be exact. Of the 5 aspects banks/investors demeanour for, I usually have 3.
1. Experience – I have been the store physical education instructor in the sell
sector for 4 years, as good as have rubbed P&L businesses utterly well.
2. Credit Score – My credit is around 770
3. Business Plan- Amazing commercial operation devise for the washing commercial operation (have review books, websites, stick on memberships over the final 3 months to benefit improved discernment of washing service).
4. Equity-NONE. Just had the baby with my ex-girlfriend which emptied all my savings.
5. Collateral-NONE. Not as well most twenty-four year olds have sufficient material during this point.
My family members have all owned their own businesses. I know what it takes to run your own business. I know which if banks/investors could see my work ethic as good as unrestrained they would assistance me. CAN YOU?
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Go to http://www.score.org/ to find the nearest SCORE chapter. In the upper left hand corner is a box to enter your zip code. Your nearest SCORE chapter will be on the next screen. Contact them to arrange for a free one on one meeting with a SCORE counselor to discuss what financing help is available from the SBA.
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There are financial institutions in business to lend money,so if they didn’t give you money why should someone else?