Getting a small business loan... Any ideas?

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jumbo
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Getting a small business loan... Any ideas?

Postby jumbo » Tue Jul 09, 2013 4:11 pm

I am trying to get a small business loan (around 25K). Any suggestion is highly appreciated.
Basically the loan will be for equipment rental and space rental for a small restaurant that I am thinking of opening.

My details:
I have very limited credit history. FICO credit score around 690/695 Got first card in Feb 2010 (BofA), then gradually got other cards. Here are the details:
[font=Courier New]BofA Cash reward: 1K
Chase Freedom: 5K
Discover More: 2K
Citi Platinum: 1.2K
Citi Simplicity: 1.2K
Capital One Platinum: 1.7K
GECRB Visa: 1.8K
Kohls Charge: 0.6K[/font]

I primarily bank with Bank of America. I work full time with annual income of 41K.
Thanks.
BofA Cash Rewards | CapitalOne QuickSilver | Discover More
Gold Delta AMEX | Citi DoubleCash | Citi Simplicity
Chase Freedom | Kohls Charge Card


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djrez4
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Postby djrez4 » Tue Jul 09, 2013 4:14 pm

Suggestion #1 - If you want the restaurant to be successful, you have to devote your life to it. There will be no time for another job.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
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jumbo
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Posts: 363
Joined: Wed Sep 14, 2011 3:17 am
Location: IA

Postby jumbo » Tue Jul 09, 2013 4:25 pm

Thanks... already have that is my list.
BofA Cash Rewards | CapitalOne QuickSilver | Discover More
Gold Delta AMEX | Citi DoubleCash | Citi Simplicity
Chase Freedom | Kohls Charge Card



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