The problem with your situation is there is no substantial proof that
you will have income to maintain the interest payments. Saying you are
starting a business is not enough. 80% of small businesses fail and
most don't make money within the first few years. You need to find a
job and then apply for the loan and tell them you plan to start your
own business but continue working until it is established. This is what
lenders want to hear.

For such a small amount, commercial lenders won't touch it even if you
did have proof of income. I would try using a credit card (find a low
introductory rate) to start you off and then once you have a years
worth of operating statements, you can show that to the banker and see
if they would be willing to give you a line of credit.


ews71[at]yahoo.com wrote:
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Look up at the local college or find the SBA office, Small Business
Development Center and look for one of 2 things; Microenterprise Loans or
Women Business Enterprises (WBE) programs.

Not sure go to a community bank and ask them who runs that program in your
area.

Good luck.

<ews71[at]yahoo.com> wrote in message
news:1116355766.083932.16900[at]o13g2000cwo.googlegroups.com...
- quote -

Hi. I am in search of person or organization willing to provide a loan
to start a small business. I have a service I believe could be
successful, but I need a few things to start. I was recently laid off
(which happens often) and I'm sick to death of struggling. I have a
few personal expenses that really need paid, so I would like to take
care of those also. I'm smart and a hard worker, so I know I can make
this work if I could just get a little help. I'm a single mother and
it is my dream to be able to work out of a home office so that I can be
here for my children when they need me and not miss their events. I
don't own much, but I do have a car in good condition that I would be
willing to put up for collateral. I believe the value is around $3000.
I would like to borrow $2000

The money would be used for the following expenses:

Laptop Computer $800
Printer Cartridges $50
Car Insurance Due $130
Car Tags $100
Car A/C Repair and Recharge $150
Phone Bill $120
Cash for Fuel, etc. $250
Digital Camera $150
Other Expenses $250


As I said, I have been laid off, but I honestly believe I can make this
business work. I will begin repaying the money as soon as the business
is up and running (a month or 2), including interest.

Thanks,
Jackie