What is the minimum amount of money needed to start a business with the help of a bank?

The question is: How much do you need?

Then banks will ask you: How will you pay us the money?

If you have collateral, assets, investment money anywhere from 20-30% to put into the business, management skills, banks can be willing to lend you as much as you want. Provided of course that you PROVE to them that they can get their money back -- whether through this business and its proven track record, or the size of your collateral that banks will get if the business will not succeed.

This Site Might Help You.

RE:

What is the minimum amount of money needed to start a business with the help of a bank?

What is the typical amount needed or the typical range for a bank to provide a business loan in the midwest/Kansas?

I'm thinking of opening up a cafe-like business in my college town. Instead, though, it would be mostly frozen goods like shakes, fruit smoothies, etc.Oh, and this kind of...

It completely varies with the type of business you want.

You're far better off finding about local costs by using your local SBA and SCORE offices, they mentor new entrepreneurs and tell you how to get bank loans, do a business plan, etc. All for free.

Any reputable lender will require a business plan that shows that you can pay the loan back. Go to http://sba.gov/smallbusinessplanner/plan/writeabus... or http://www.score.org/template_gallery.html for instructions on how to write a business plan and sample business plans. You will personally have to put up 30% of the funds. No bank is going to assume all of the risk.

You normally need to have at least 30% of the start up costs available in cash. So if you think it's going to cost $100,000 to open a store, then you need to have $30,000 in cash and the bank can lend you $70k