Shop owners, please read. pt2

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URL: https://www.the12volt.com/installbay/forum_posts.asp?tid=10134
Printed Date: July 05, 2025 at 7:43 PM

Topic: Shop owners, please read. pt2

Posted By: themagicone
Subject: Shop owners, please read. pt2
Date Posted: February 26, 2003 at 7:45 PM

Okay, I got my business plan done, I got my shop picked out, I have the products that I'm going to cary, I have the display system worked out. The last thing I need is money!!?!?! I found out today that in order to get a SBA loan you need to front at least 20%, on the $200,000 i need that means I would have to find $50,000. My question is this.... Do you know of any real good lenders or investors that specliazed in help people starting car audio/security business? Any help would be greatly apprecitated!

Replies:

Posted By: Velocity Motors
Date Posted: February 26, 2003 at 8:34 PM

In Canada you can apply for government grants or small business loans from the governement . Check with your State Office & see if there are any programs for first time business owner's.

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Jeff
Velocity Custom Home Theater
Mobile Audio/Video Specialist
Morden, Manitoba CANADA

Posted By: themagicone
Date Posted: February 26, 2003 at 8:43 PM

We have the SBA, small business asscoaction. But to get those you need to have at least 20% of the loan amount up front in non borrowed money. So for a 250grand small business loan you need to have 50grand in cash up front. Stupid isnt it?