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timmbuck2
10-16-2008, 01:54 PM
Small Business Administration...

A friend has a chance to buy a cool wine/coffee bar, but does not have the capital to buy it. She is looking into a small business loan, does anyone have any advice? Email timmbuck2 at yahoo dot com or IM here.

Thanks!!

And as always, free Breck beer for your help. :hill:

T

Bikeman
10-16-2008, 08:06 PM
I tried to get an SBA loan 9 years ago to buy the bike shop. What a joke! They took forever to get me approved, and gave me the run-around for 2 months. When they finally approved me, I said screw it! I finally got a conventional loan 2 years later after the owner carried me for awhile, and I showed that I could make $4000+ monthy payments for 2 years!