I am interested in starting a small business. I am in my mid-twenties and I have very good credit. I also have a steady job that I would intend to keep while running my business at the same time. I am looking for a small business loan of roughly $100,000. I have no major debt at all other than a car payment.
With the economy so bad, what are the chances of a bank giving me a loan of $100k? Since I am young, will I more than likely need a co-signer? any info is appreciated. I am just curious as to how this process works. thanks
With the economy so bad, what are the chances of a bank giving me a loan of $100k? Since I am young, will I more than likely need a co-signer? any info is appreciated. I am just curious as to how this process works. thanks