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Government loans/starting a business?

November 3rd, 2009
i3ennett asked:


well i live in a small town but the fastest growing in nevada, fernley.
there isnt much to do around here, wal-mart bowling mc donalds ect.

i wanted to open something that would change all that something cool like a movie theater outdoor or indoor [i love drive ins XD maybe bring them back from old school and make them awsome again]

but, i will be turning 18 next year with about, 15k to my name? does anyone know of ways to get money to built this kinds of things and if there are requirements for me to pass in order to get these loans or even start the theater? i saw an infomercial about government loans and supposedly they just “give” out money for stuff like this so im like *** cant be true, because it was on late those “paid programming” shows so yea, help ?:D

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  1. New Haven SCORE
    November 6th, 2009 at 06:54 | #1
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    The government doesn’t just give money away. If they did, everyone would own their own business. You will need to apply for a business loan. No lender will talk to you unless you provide them with a valid business plan. Go to sba.gov, score.org and/or bplan.com for sample business plans and instructions on how to write a business plan.

  2. Sandy J
    November 7th, 2009 at 23:11 | #2
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    May be this site can help you

  3. Kert U
    November 9th, 2009 at 04:32 | #3
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    try sba.gov

    Small business loans from Government: This loan allows you to start a small business. The department of Small Business Administration (SBA) acts as a guarantor for these loans. These loans are provided by banks or financial institutions. Very rarely, the SBA provides the loan directly.

    Along with the SBA, certain other government agencies provide financing to small businesses through loans and grants. To avail of this loan, you have to submit the business plan that you have chalked out along with your abilities to indicate that you can handle the business properly. Your credit score should be high to get the loan. The lending authorities check your credit ratings before approving your loan.

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