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General discussion

Loan for extending business

by elisagracedd Feb 20, 2016 4:01AM PST

I am running small business of auto spare parts. Now I want to extend my business and applied loan with bank but they refused me on the ground that they are not providing loan to small business owners. Now what is the other option available to me? Advise me.
Thanks in advance!!!

Discussion is locked

2 Posts

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Something new. Crowd Loans.

by r. proffitt Forum moderator Feb 20, 2016 8:49AM PST

https://www.google.com/#q=crowd+loans

Post was last edited on February 20, 2016 8:49 AM PST

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Best Sources for Business Financing, in order

by SmallBizFinance Mar 10, 2016 11:29PM PST

The best financing, in order of best to worst, are as follows:

1) Boot Strapping
2) IRS deductions
3) SBIR Grants
4) State or Local Economic Development Organizations
5) SBA 7(a) loans
6) The Bank - but they are declining nearly 90% of applications
7) Smart Leases
Angel Equity
9) Hard Money Loans
10) Personal (NOT Business) Credit Cards
11) The alternative finance market

By the way, I am involved with number 11... and I honestly advise you to exhaust 1-10 before you come to someone like me.

Commercial link deleted by moderator.