What is the success rate of obtaining a small business loan (Less than $5000) from a bank?

Answers:0   |   LastUpdateAt:2012-08-06 06:05:48  

Question
Hodo
Asked at 2012-08-06 06:05:48
Our company may require an initial bank loan under $ 5000 to use as start up costs . We are a company based on a new concept with a hybrid business model that has not been well done in our particular industry. However, a major advantage of our model is that they require little to the cost of implementation, and our ceiling is low (we are a service company , not a physical product to produce or sell the business ). How difficult is to convince a bank (either for-profit union or credit ) that allows us to get a small business loan if they presented a well-established business plan ? Do you believe that our success rate in obtaining this will increase dramatically , as may only require anywhere from $ 2000 to $ 4000? (FYI , we are an S Corporation )
Answer1SROBSONAnswered at 2012-08-06 16:52:02
It may be easier to prove the Small Business Administration .

Better idea of the patent as well.

Or you could troll around to investors.
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