Expert: Marina Lando Date: 4/25/2004 Subject: start up loan
Question Hello
I was woundering how to get a start up loan for a small business my credit is not realy good.
And i have very little money in savings. so dose this mean that my dream of owning a small grocie store is out of the qustion?If you can help me with this i would be very greatfull.
thank you for your time.
Answer Dear William Gatton:
You may apply for Microloan Program.
The federal government introduced a special loan program called the “Microloan Program” which is designed to help applicants who cannot qualify for a traditional business loan because of poor, or lack of credit, and little, or no collateral. These loans range from $100 to $35,000 and can be used for the purchase of furniture, fixtures, machinery, equipment, inventory and working capital. If a little money can help you get your business started, then this is for you!
