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What banks offer small business loans? I am trying to open a daycare center in NC. I'm finding it difficult to locate funding. Wachovia only loans to established companies and Fidelity doesn't deal with small business at all. Does anyone know of a financial institution that invests into starting up a small business? I currently need working capital for a franchise center but Plan B is start from scratch. Please help!
By mzadicktiv Posted on 07/12/10 Total Answers 0
Answers-
Try your local regional small bank or credit union. Large banks are not lending as much since no investors are buying mortgage backed securities. Have you tried SBA at their website? They can back up a loan - call them. Also contact them and ask them if they have any grants for this. Sometimes grants are available for daycares in an extremely needy neighborhood. If SBA does not help you with this contact grants.gov or call your local chamber of commerce. Do not dare to go to websites that promise your grants - do this on your own. /
Answer by : Judy On Date 2010-07-12 10:41:59

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