Has anyone tried to get a loan in the last 4 weeks? What has happened? Is it as bad as everyone says it is?
Re: Tried to get a loan
We tried last week and were turned down because of our cashflow situation
Re: Tried to get a loan
We did not but we prepared a plan for our client and they were not successful at all and their financials were in pretty good shape - its a mess out there
Re: Tried to get a loan
We were successful at getting a loan but we spent a lot of time putting together the business case for the loan and we have had a long standing relationship with the local bank.
Even then it wasn't as easy as it should be but it is just the sign of the times.
Re: Tried to get a loan
No i did not try for any loan but i am planning to have it as i wish to diversify my business
Re: Tried to get a loan
now a days it will be difficult to get loans.
Re: Tried to get a loan
It has never been easy to qualify for a business loan and now of course it's nearly impossible.
As someone that has owned several different businesses, I know the frustrations in locating funding. I've spent the past few years advising people how to start their own small business but now I'm changing gears and helping folks obtain funding.
Preneuraholics Unite was created to help the little guy that can't get a bank loan or investors. It's a whole new concept! Stay tuned. Preneuraholics.com launches Fall of 2009!
Re: Tried to get a loan
No, it is not that much tough to take lone, Even if you want to get loan with bad credits you can get loans easily with a good funding provider service.