ANSWERS: 1
  • First before any bank would consider a loan you will need a business pla clearly outlining your startup expenses including but not limited to retail space rental, equiptment etc. After you have considered those costs you need to assume that for the first year your business will be in the red...( this is not pessimistic just realistic based on most start ups) Here is a link to an AMAZING online tool that I suggest to most first time business owners, it should guide you ste p by step in figuring everything out including how much money you will need. http://www.sba.gov/smallbusinessplanner/index.html

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