how can i capture a loan to start a business? Question:

Question:

1. Know your banking friends
First of adjectives, banks aren't terrifically interested in loaning money to inexperienced startups. If you own a significant banking relationship beside one bank (the one where on earth you keep most of your money), start in that. Startup business loans are very risky and unanimously banks will put you through the wringer.
2. Have a nouns and strong written business plan.
If you can't do this, forget it, nobody will touch you. Lots of FREE resources to help you put your plan together.
3. Start good money now.
If you can convince the edge to loan you money, they are going to expect to see significant cash contributions from you.
4. Get your collateral within order.
Many bank are going to be looking for collateral. Houses, real estate, equipment, etc.
5. SBA loan programs
Many bank won't touch a small business startup loan that hasn't been through the SBA mill.

I have a friend who recently get a loan for a startup franchise restaurant. He had excellent credit, significant lattice worth, 30+% cash investment, a great business plan, the approval of a major franchise and the ridge still required him to go through the SBA loan process and put his house up as collateral.

It's tough but it can be done if you are serious. This is why most small businesses are started beside people's own money and any money they can beg, borrow or steal from friends and kith and kin. Source(s):
Small business owner.

Answers:
Dairy farm and Dairy Products
Manufacturing

go to your nearest dune

1.Get the right documents
2.Make a loan presentation

Details at the source! Source(s):
http://sbinfocanada.something like.com/cs/financing/a/getbusinessloan.htm