View Full Version : did anyone get and SBA to start?

11-14-2011, 03:52 PM
Some of you must have gotten a SBA loan to get you're started? Any points for talking to the bankers?

Jim Warfield
11-14-2011, 07:18 PM
Asking any wealthy relatives.
I think I read a small business loan will not be gotten by seasonal business and won't be seeing any of such funding and "small "means employing more than 150? employees?
I could be mistaken, but I think this is the criteria at one time, back before all the big banks were bailed out.
Keep asking, someone might be more up to date with information.
I can't see such a thing becoming easier now.

11-14-2011, 07:37 PM
I spoke with one loan officer and they didn't seem to really care as long as you can show your able to pay them back with a business plan.

11-22-2011, 08:39 AM
I'd like to hear how everything turned out? I submitted a business case to a lending officer last week. Will probably call in a day or so to see how it's progressing. I wasn't sure of the odds of getting a loan, especially without presenting enough collateral. It's a solid business case though so it should be interesting in hearing their response.