Question by Pamela: I am looking for a private lender for business loan . Personal bad credit, excellent business credit. Anyone?
Looking to expand my business and need approximately 45,000. Any Private lenders out there interested? Company’s gross sales over 500,000 with net income for year over 55,000. Anyone have any ideas of where to go or any takers for loan?
Best answer:
Answer by Rebecca
How old is the business, do you have other business credit accounts in the business name only? If the company is young, your credit stinks and you have no business credit then the chances are not very likely you will get the loan anywhere. 500K down to 55K sounds like you either have a lot of inventory or need to close the business down.
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