I Need to raise money for a card shop! Ihave a ton of kids who are couting on me, poor credit I NEED HELP!?
Hi, I'm Ruth from Michigan. There's a trade center (Gibraltar Trade Center) consit of several booths with small business, wich mine is a little card/toy shop wich is a busy place. Although I have probably only 400 sq ft. This place is always packed.. I have acess to the show area, so I have a nice size area yu-gi-oh, Magic, & other tournaments. The problem is the trade center's only open 3 days a week and they just raised their rent to $1200 a month. For about $800 more(everything included) I have found a building right next to a high school and elementry school, in a plaza perfect location!! I know every kid and customer by Name and all the regulars willing to do on their behalf whatever it takes to get this open. But the fear is the down payment, and the 3 year lease. I doubt I would qualify (I haven't got good credit) for a SBA loan and NEED between 5-$10,000. I NEED Good funraising ideas.How do legally raise money so kids can have a local card shop! They're counting on me. HELP
Public Comments
- Are you female? A minority? The government has programs for small start-up businesses. Have you tried getting a government grant?
- You don't need good credit for an SBA Guaranty as long as you have been in business for at least 2 years. Contact a local bank that is a "Preferred SBA Lender" and find out what it is they need from you as far as paperwork. If you are afraid of the lease then you shouldn't be considering an expansion, as the lease is the least of your worries.
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- hi
- If your in business for two years just to bank get the loan
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