Im looking to start my own clothing line, i cant find a local job, ive been looking for a year and no success and ive wanted to start a clothing line for years so im deciding to do it. Ive looked at many banks and websites and the only way they will approve me is if i have a credit history of like 650+ i have no credit history. So what are my options? im only looking for under $5000.

7 Responses to “How To Get A Small Business Loan Without Credit History?”

  1. Jackson D Says:

    You can get a loan from other people at Prosper.com. You can tell the members of the site your story and why you need the money. The loan is funded by several members investing in you so that you can start your business or whatever else you may need the money for. Their incentive to loan you the money is to receive interest income for the money they loan you. It is like a normal loan but without the bank. People loaning directly to people. Check it out. It is easy to use.

  2. Look Away, I'm Hideous Says:

    Talk to your local Small Business Association (SBA). they will help you write your business plan so you can get a loan or investors. Most services are free.

  3. honeybee Says:

    tell them your an in port from the far east

  4. John W Says:

    im guessing that this “year” you looked for a job probably wasnt hitting pavement everyday…you should probably work and save your money for chasing your clothing line
    even if you did save the money up…your going to need credit history anyways so you can have a line of credit for your new business and dont think for a sec you wont need credit cuz you will

  5. Jasmine G Says:

    Here is an excellent site with some wonderful options 4 U. Check it out……..
    http://lnk.in/56f2

  6. chrisysa Says:

    Hey there, Scotiabank has an offer of a $5,000 overdraft for business banking on their website, I started my business with them in 2004 and basically asked them adhere to the website, guarantee a of $5,000 overdraft! You just have to be out of your overdraft every 35 days, if that helps ya! Good Luck!

  7. Highway R Says:

    If you do not have a bad credit getting business loans are easy. It is generally seen that bad credit acts as an obstacle in the smooth running of a business. Are you also facing the same problem? No need to worry, as bad credit business loan is here to solve all your problems






©2008 Business Advice .