Tips for Finding Money (with a bank)

BusinessKnowHow writes today and gives some tips for start-ups looking for funding. As I have come to find out, bankers do not like to give their money to start-ups, in the restaurant business, just out of college that have never had a restaurant before. That would be me. Based on these tips, here is what I should do. 1. Be a homeowner 2. Include all of your assists in your application 3. Have a good income record 4. Account exactly where your business loan will be allocated. How do I stack up to these tips? Well, I am not a homeowner--yet. (we are currently in the market to get into a town home here in Bozeman however). I am just out of college and my income record isn't great but it is decent. I did include all of my assets into my application for the loan and I made it pretty clear where the money would go. I created costs sheets for each category and sent that in with my application. I also had another backer on my loan which helps a lot as well I might add. This is great advice for anyone that is looking for a business loan. It is not easy. This post also suggests finding a bank that does start-up lending as this will make your life a lot easier. I agree. ~~be bold (via Dane at Business-Opportunities)