How to get Small Business Financing?

July 6, 2009 by MyOrbit · Leave a Comment
Filed under: Banking, Business, Employment, Money & Finance 

Question: Can you please help me with any information regarding small business financing? I am trying to buy a franchise with a friend and my husband. We have a 4 year old bankruptcy and are looking for less than $75,000 to open. The problem is there are no tangible assets in the type of service business we are are planning to open. Are there any suggestions of lenders that may be willing to loan or a direction that we should go toward? Any suggestions are greatly appreciated. I am based in Michigan, USA. Thanks.

Answer: Since your question is specific in terms of investment needed and the kind of business you are getting into, here’s a source that may be able to point you in the right direction. And if you do decide to open this or any other business, they can provide useful info on how to do so.

Service Corps of Retired Executives (SCORE): A national organization sponsored by the Small Business Administration (SBA) of over 13,000 volunteer business executives who provide free counseling, workshops and seminars to prospective and existing small business people. There are 389 chapters nationwide. For more information, call them at 1-800-634-0245 or visit their web site at: http://www.score.org
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What business can a teenager start to earn money?

February 28, 2009 by MyOrbit · 1 Comment
Filed under: Business, Investing, Money & Finance, People, Sales & Marketing 

Hi, I am a young teenager and I want to start my own business. Like selling things. What are things that are easy to make, cheap and sell well? I am also trying to target teenagers and young adults.  So I want to start my own business, but what should I sell? I only have 250 dollars in my savings to finance the business so it can’t be too expensive to start up the business.

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