Business Loan

[youngmoses]

Me and my buddy just got our dealer license and we have been struggling to find a bank that would loan us any money to get going. I was wondering if anyone had any suggestions or financial groups that are willing to help a start up business with a loan.

[CB Owners]

Welcome to CreditBoards and the Business Credit Forum! We hope that you find what you're looking for here.

 

Some helpful tips:

 

• Your post may not get a reply right away. Don't be discouraged, this is a very busy board. If it falls off of the first page, feel free to reply to your post yourself, with the word "bump" in the text. This will *bump* your post back up to the top of the board.
  
• If you haven't yet, take a peek at The CB's Newbie Section Everything that you need to know is in that forum, for the most part! It's a lot of reading, we know, but this credit stuff can have a steep learning curve. In no time, you'll be posting like the pros!
  
• This is also a good place to start for Business Credit Newbies
  
• If you find that someone is discourteous to you, use the REPORT button at the bottom of every post - that will ensure that a moderator or admin looks at the post and decides if it is against the CB's TOS
  
• Off -topic posts should go in the fun place known as the CB General Forum
  

 

 

Finally, this thread will explain our position on Solicitations and Advertising

 

We do not allow solicitation or advertising on any forum on creditboards, including the business forum.

 

 

Again, welcome to the CreditBoards family!

 

CB Admin: LKH, Pam, radi8, breeze

CB Forum lead for the Business Credit Forum: TeeSharice

[Holloty]

Me and my buddy just got our dealer license and we have been struggling to find a bank that would loan us any money to get going. I was wondering if anyone had any suggestions or financial groups that are willing to help a start up business with a loan.

 

 

 

The best way to build business credit is to do it on your own.

[Kahrlos]

Seek out a small regional bank and get a BLOC. Build some tradelines first. Don't tell the bank you will use the bloc to buy cars. Also, google "dealer floorplan" and variations thereof with the words: used car, financing. Stay away from banks that offer floorplans as they only want to talk to the big boys and franchise stores.