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Can you get government financing for a business when you are unemployed, free financing or qualifying?

As a national sales manager, director of sales in the consumer products industry I can't find a position located in St. Louis, MO and I have 20 experience. The only business I could come up with would be a distributorship. I only have a small amount in my 401K left, losing home as we speak, it couldn't get any worse. I need financing to start the one thing I have done all my life, business development and sales. How do I go about this. Is there any government financing when you don't have an income? I've even managed brokers and distributors, would like to stay in that nondurable distributorship business.

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Answers (3)
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please contact me at vtapia2@excite.com

Sep 9, 2010
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Fire Insurance Recovery
Owner
Orange County, CA

The SBA has loan guarantee programs for business start ups such as the 7a. All lenders who loan money under these guarantee programs will require at least 20 % of your own money in the project. Nobody will lend 100 % because this means all of risk is with the lending bank. You also need at least a fair credit score and a business plan to get a loan. Contact your local SBDC (small business development Corp). They can help you (give guidance) with your situation

Sep 5, 2010
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Please contact me at (edwards.barry04@yahoo.com) info sharing.

Sep 5, 2010

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