How easy is it to get a Business Loan from a bank? - GoFuckYourself.com

Nismo · 10-29-2004, 05:00 PM

How easy is it to get a Business Loan from a bank for someone with "Mediocre" credit?

I already have a business plan laid out.

The loan is for under $50k

detoxed · 10-29-2004, 05:02 PM

A business loan for someone with perfect credit is going to be hard, unless you have good income or cash.

EscortBiz · 10-29-2004, 05:02 PM

well they will mostlikly look at your credit and that only if its a business less then 3 years old

if its older they will ask for financial statements etc and even if your credit is bad they might push it thru

Juicy D. Links · 10-29-2004, 05:03 PM

I have a 100k open line of credit from OPEN Network from AMEX.

They bothered me for so long so I said ok give it to me. I havent touched it.

I used the gold cards for 2 yrs and such and payed evry month and shit so they keep on hounding you.

Nismo · 10-29-2004, 05:09 PM

Quote:

Originally posted by EscortBiz
well they will mostlikly look at your credit and that only if its a business less then 3 years old

if its older they will ask for financial statements etc and even if your credit is bad they might push it thru

What do you mean "if it's a business less than 3 years old"? The business is non-exitstent. I am looking to get a loan to start it.

Nismo · 10-29-2004, 05:14 PM

Quote:

Originally posted by juicylinks
I have a 100k open line of credit from OPEN Network from AMEX.

They bothered me for so long so I said ok give it to me. I havent touched it.

I used the gold cards for 2 yrs and such and payed evry month and shit so they keep on hounding you.

You are a guido baller.

Juicy D. Links · 10-29-2004, 05:16 PM

Quote:

Originally posted by Nismo
You are a guido baller.

not really it means shit tbh , all it means is that we have good credit with OPEN network and such...

Sly · 10-29-2004, 05:17 PM

From my understanding, they have little faith in Internet businesses and I'm sure porn is out of the question. Hopefully your venture is something brick and mortar. But with little to no credit you're probably out of luck, you should try seeking out investors instead.

EscortBiz · 10-29-2004, 05:18 PM

Quote:

Originally posted by Nismo
What do you mean "if it's a business less than 3 years old"? The business is non-exitstent. I am looking to get a loan to start it.

then its all about u they do not care how good or bad your idea is, if you credit is good they might help

Juicy D. Links · 10-29-2004, 05:19 PM

Quote:

Originally posted by Nismo
What do you mean "if it's a business less than 3 years old"? The business is non-exitstent. I am looking to get a loan to start it.

if its a start up , then your own personal credit will be used

If you had a business for lets say 4 years and you have good D n B rating and money in bank then you can get a business loan easier.

Nicky · 10-29-2004, 05:20 PM

Quote:

Originally posted by Nismo
How easy is it to get a Business Loan from a bank for someone with "Mediocre" credit?

I already have a business plan laid out.

The loan is for under $50k

If you tell them your in porn biz its gonna be hard

Doctor Dre · 10-29-2004, 05:24 PM

Unless you come up there with a VERY good business plan you will most likely get refused

Nismo · 10-29-2004, 05:25 PM

Quote:

Originally posted by Sly
From my understanding, they have little faith in Internet businesses and I'm sure porn is out of the question. Hopefully your venture is something brick and mortar. But with little to no credit you're probably out of luck, you should try seeking out investors instead.

It's going to be an offline venture - a BBQ restaurant.

Juicy D. Links · 10-29-2004, 05:26 PM

Quote:

Originally posted by Nismo
It's going to be an offline venture - a BBQ restaurant.

bar b q ribs?

Nismo · 10-29-2004, 05:28 PM

Quote:

Originally posted by juicylinks
bar b q ribs?

Yup

fris · 10-29-2004, 05:31 PM

official bbq for internext !

boobmaster · 10-29-2004, 05:34 PM

Quote:

Originally posted by juicylinks
I have a 100k open line of credit from OPEN Network from AMEX.

They bothered me for so long so I said ok give it to me. I havent touched it.

I used the gold cards for 2 yrs and such and payed evry month and shit so they keep on hounding you.

There is no way in HELL that ANY reputable bank would give you a line of credit worth more than

FlyingIguana · 10-29-2004, 05:43 PM

Quote:

Originally posted by Nismo
How easy is it to get a Business Loan from a bank for someone with "Mediocre" credit?

I already have a business plan laid out.

The loan is for under $50k

first thing they will ask, got collateral?

is it for adult? not sure if banks will touch it unless you already have a bunch of shit through them.

10-29-2004, 05:00 PM	#1
Nismo Confirmed User Join Date: May 2002 Location: FLORIDA Posts: 4,977	How easy is it to get a Business Loan from a bank? How easy is it to get a Business Loan from a bank for someone with "Mediocre" credit? I already have a business plan laid out. The loan is for under $50k __________________ i buy massive xxx dating traffic.

10-29-2004, 05:02 PM	#3
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	well they will mostlikly look at your credit and that only if its a business less then 3 years old if its older they will ask for financial statements etc and even if your credit is bad they might push it thru __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

10-29-2004, 05:17 PM	#8
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,337	From my understanding, they have little faith in Internet businesses and I'm sure porn is out of the question. Hopefully your venture is something brick and mortar. But with little to no credit you're probably out of luck, you should try seeking out investors instead. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

10-29-2004, 05:31 PM	#16
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10-29-2004, 05:02 PM	#2
detoxed vip member Join Date: Jan 2003 Posts: 17,798	A business loan for someone with perfect credit is going to be hard, unless you have good income or cash.

10-29-2004, 05:03 PM	#4
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	I have a 100k open line of credit from OPEN Network from AMEX. They bothered me for so long so I said ok give it to me. I havent touched it. I used the gold cards for 2 yrs and such and payed evry month and shit so they keep on hounding you.