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Getting Financed for a Business

I have a LLC that can't seem to get off the ground. I have around 10K available before I get equity loans on property. Is there any other way for my LLC to qualify to for a 80K loan or lower?

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Franchise Advisory Group

David, Lending is very difficult right now due to the Financial Crisis, however SBA has made some good changes in recent weeks. The best advise I can give you is for you to approach small local banks, they are still lending. Also try Financial Brokers. These guys typically know who is lending and can shop the loan around. If you have retirement accounts such as IRA or 401K, you may be able to roll it over into your LLC without penalty and interest. Good Luck

Apr 4, 2009

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