Network Sites: LOOKING FIT National Tanning Training Institute
| Network Sites: LOOKING FIT National Tanning Training Institute |
| |||||||
| Visit Our Sponsors! |
| Salon Discussion This is where you want to ask the pros anything about tanning. Anything from bed mix , employees, product mix, Planning, pricing and promotions. |
 |
| | LinkBack | Thread Tools | Display Modes |
23rd September 2008, 05:35 PM
| #1 (permalink) |
| Salon Owner  Join Date: Jun 2008 Location: here, there, everywhere
Posts: 125
|  Getting some dough! anyone obtain a business loan lately? with lenders being real greedy with their money, how hard was it? who did you use? how easy was application process? did you need to put up collateral? personal guarantee required? looking for some lender recommendations. |
|  |
| 23rd September 2008, 07:22 PM | #2 (permalink) |
| Hall of Famer  Join Date: Aug 2006 Location: Northern CA Posts: 3,086   | Re: Getting some dough! Just got one. Had to be in business at least 2 years. Showing positive cash flow. had to have a low debt to income ratio. and a credit score >700 Pretty easy, signed yesterday, and got a tour of the bank and stuffed bear. Also helps this bank is not on the list of ones struggling due to the mortgage crisis |
 | |
| 24th September 2008, 07:38 PM | #3 (permalink) |
| All Star Join Date: Jan 2005 Location: Girard, Ohio Posts: 108 | Re: Getting some dough! Credit Cards Replace Small Business Loans As commercial loans become harder to find, small business owners give in to aggressive credit card marketers and get slammed with 30% interest rates Credit Cards Replace Small Business Loans |
| | |
| 24th September 2008, 07:58 PM | #4 (permalink) |
| All Star Join Date: Aug 2008 Posts: 66 | Re: Getting some dough! I tried with my bank with substantial collateral (real estate property, not anything in the salon), above 750 credit score and great 7+ year banking relationship. They didn't even look at my collateral or credit and basically just said "We aren't making any small biz loans. Period.". That was 3 months ago and it's probably even worse now  |
| | |
| 25th September 2008, 07:13 PM | #5 (permalink) |
| Salon Owner Join Date: Jun 2008 Location: here, there, everywhere Posts: 125 | Re: Getting some dough! this economy situation is definetly hindering small businesses who need money to either maintain or grow. banks don't want to lend to anyone - not good! darn bad apples ruined it for a lot of good apples. |
| | |
|
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
