Posted on 01/26/2006 11:16:19 AM PST by freedom4ever
I am wondering if there are any Freepers who ever used the Small Business Administration loan program for starting a small business. Specifically, the 7A loan program, since this is what my son is looking at for starting a body shop and a custom auto shop. He is 21 yrs. old and has an excellent credit rating and the desire to open his own shop. We have found a nice building for the shop. He has started through the process of applying, i.e. getting info packets and talking to his banker and getting info from the SCORE people.
I am curious about the success you(Freepers) may have had with the SBA program and also the drawbacks? Has anyone from Indiana ever used any state programs for getting money for a small business. I wonder about any personal experiences from any one on here?
I also wonder if there is any other sources of funding for small businesses besides the bank and small business administration for this type of business. Thanks to all for your help.
That's all good sound advice and thoughts. Thanks a lot.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.