Tagged Loans

Can you take segmentary commercial loans from a bank?

Question by Cranberrydude: Can you take segmentary commercial loans from a bank?
Like take a small loan(let’s say $ 100-200) for starting the business very first stuff, and then take another loan after few months (of about $ 1,000-5,000) to buy the rest.

P.S. for a starting small business.

Best answer:

Answer by Chris D
you should know your total cost for starting a business, plan on putting down 20%. Go to www.sba.gov it is a good website with a lot of answer to help start up businesses. then go to your bank and ask to speak to a business banker and ask them for a little help.

Add your own answer in the comments!

Cool Commercial Loans images

A few nice Commercial Loans images I found:

Bank Run ~ (With a Twist)
Commercial Loans
Image by Roads Less Traveled Photography

Why are so many people lined up outside this bank? HINT: It has nothing to do with a free toaster. No, this is a good old (bad old?) Bank Run.

So, what happened? During the Financial Crises of 2008, many banks here where hit hard. Not that big a surprise to me, because when I saw numerous banks promising interest rates on deposits over 20%, it rang alarm bells for me. But for people over here, after the fall of the USSR, the associated financial turmoil that ensued, and years of financial mismanagement and hyperinflation, many over here might see this and think "Wow! I really love capitalism!" So, this has many singing a different tune now.

So, what’s the twist here? Although all these people are trying to get their money from this bank, they are limited to 150 hriven a day. That’s about .80 a day, or 13.15 euro. So people return, day after day to withdraw what they can while they can.

The government is promising that all depositors will be repaid in full. However, there are problems with that. In the summer of 2008, the government at that time resumed payments to people who lost money when the Soviet banking system collapsed with the fall of the USSR, 17 years before. Those payments made the Financial Crises of 2008 more severe for the government, leading to having to take loans from the European Development Bank and the World Bank. This also led to the end of the more democratic government and a return to a more authoritarian government.

Thoughts | Comments | Critiques | Questions ~ Always Welcome

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by Matt Shalvatis – Roads Less Traveled Photography
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200+ Views & Other Sets @ Flickr
 

abundant
Commercial Loans
Image by SpecialKRB
used here: blog.directcapital.com/2009/12/09/13-small-business-finan…
and here: www.bizbabble.org/start-up-business-financing-in-canada/
and here: www.smartesthomebasedbusinesses.info/businessgrantsforwom…