I need a loan to purchase a business in my area. A franchise or a business for sale.?

No investor will talk to you unless you provide them with a valid business plan. Go to http://www.sba.gov/ , http://www.score.org/ or http://www.bplan.com/ for sample business plans and instructions on how to write a business plan.

Then, go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you.

SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).

SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.

I admire your ambition, but to be perfectly honest, in today's credit environment, it will be virtually impossible for you to get a start-up loan, or find investors to fund your business venture. Restaurant and bar businesses have a failure rate of 80% in the first 2 years, meaning only 20% survive. Because of this high failure rate, banks generally do not give start-up money for resturants. They want to see if you have made money first, THEN they will consider giving you a loan. They also want to see some collateral to back the loan. If you have shaky credit, and no collateral, I wouldn't even bother applying. I hate to be harsh, but this is true.

In order to get these type of businesses started, people use their own funds, either an equity loan on a home, or a group of individual investors fund them. If you personally know some people who have $, then that is probably going to be your best bet.

I would work on developing your idea, start saving money, and start networking with people who have money. Join some small business groups like the Jaycees (Junior Chamber of Commerce) When the economy gets better, and you have a slam-dunk idea that you can prove will make money, then you might be able to get what you need to get things started.

Good luck.

First write a business plan, then try your accountant who often have a list of local private investors. You may also try your local banks.

Hi,

I'm not sure where your area is, but if you live in the USA you can apply for finacial assistance from the government to open your business.

They virtually give it away. go to

http://www.freemoney.com/

This guy can tell you how to get free money from a "government help fund" that virtually nobody knows about and government officials have quietly used to finance loads of stuff including a $200mil football stadium.

If you live in UK, do a search for FREE CASH or MONEY LOOPHOLES.

Before you do any searches, go to this site and get paid for every search you do on the net.

Its FREE and they pay YOU...good sideline biz....

http://moneysecrets.synthasite.com/

Hope it helps

J