I started my own film production and distribution company and need to apply for a small business loan of $20,000. I'm 20. I have a strong business plan and will be gaining income within a month after the first project is completed. Roughly, $10,000 will buy physical things for 'resell' if the company fails. I have awesome credit but no collateral. But, I honestly don't mind going $20,000 in debt, and if the business fails, getting a fast food job for the next few years to pay it off. I have invested a few hundred into my business so far, just basic start-up costs. I'm running super low on money though. My question is, do I stand a chance at getting a small business loan for $20,000? What are some things I could prepare in advance to better my chances?
Small Business Loan. honest help please.?
- Thread starter Brett H
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