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Help with financing a business.

I am 25 years old, live in memphis tn, and in the process of looking for an internet business to own. I have acutally found a few that i am quite interested in.
Problem not rich, no one in my family is rich, and i dont have nowhere near enough in my 401-k to even think about tapping in to it for the downpayment.

I have great credit and i know the business has positive cash flow and great net income for several years.
Most lenders i see,especially sba, require 20-30% downpayment before they will consider financing so ive heard.

What in the world should i do? I would hate to give up on my dream to own my own business but its not looking good. It would take me forever to save up 20% of a 500k loan.

Anyone got any ideas. Im quite frustrated.

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Answers (2)
Mrs. Elizabeth White
Washington County, FL


Hello to All across the globe, I am Mrs. Elizabeth White, from United State Of America, USA. I am a mother of 4 kids and I was stuck in a financial situation and I needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit ,do not fall prey to those hoodlums at there that call them self money lender they are all scam , all they want is your money and you will not hear from them again they have done it to me twice before I meet Dr. Maverick Leonidas the most interesting part of it is that my loan was transfer to me within 74hours so I will advice you to contact Dr. Maverick Leonidas if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email……… ( No credit check, no co signer with just 2% interest rate and better repayment plans and schedule if you must contact any firm with reference to securing a loan without collateral then contact Dr. Maverick Leonidas today for your loan

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Aug 19, 2017
Robert Cutler
New York County, NY

Do you have any friends who might be willing to put up the capital as a silent partner?

Jan 14, 2010

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