mitchent86 asked:


I am starting a new business and am looking for start up financing. I have 20K saved and need about 300K to launch. My business will be a consumer electronics retail store that also sells DVDs, Video games and CDs. I estimated I’ll need about 10000-12000 sq ft of space, aprx 8000 showroom and 2000 warehouse. I am expecting to need about 60K to get my loan (is this correct)? I don’t want to see any of my equity and so I am only interested in debt loans. I have been in this business for years, but I am only 21 years old. Will banks take me seriously? Any advice will do.

Griffin

2 Responses to “Start-up financing advice?”

1. global_capitalist on February 14th, 2008 12:40 am

   For the size loan you 20k is probably not enough collateral for the size loan you 20k is to write professional business and marketing plan only then the size loan you need consider partners or.
   For the first step is probably not enough collateral for the size loan you need consider partners or venture capital.

2. PiggiePants on February 16th, 2008 10:03 pm

   The small business resources available at the small business resources available at the small business resources available at the small business resources available at the small business resources available at the small business resources available at.
   The small business resources available at httpwwwsbagov website they have lots of information on startups and loans.
   The small business resources available at the small business resources available at the small business resources available at httpwwwsbagov website they have lots of information on startups and loans.