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So Im starting a small business...?

So Im starting a small business...?

Postby mace » Fri Jun 15, 2012 11:49 am

So I'm starting a t-shirt business and I want to know about getting a business loan. Should I get LLC and Copywrite and Trademark done BEFORE i ask for a loan or is that okay to wait after?
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So Im starting a small business...?

Postby patwin87 » Fri Jun 15, 2012 11:53 am

So I'm starting a t-shirt business and I want to know about getting a business loan. Should I get LLC and Copywrite and Trademark done BEFORE i ask for a loan or is that okay to wait after?
sorry u need none of that.
u need library b4 u go into debt or broke.

stop watching tv also.

small business never need LLC seldom trademarks.

work on making $$, forget loan. use cash.
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So Im starting a small business...?

Postby urian27 » Fri Jun 15, 2012 12:08 pm

Any bank will require a business plan that shows that you can pay the loan back. Go to http://sba.gov/smallbusinessplanner/plan/writeabusinessplan/index.html or http://www.score.org/template_gallery.html for instructions on how to write a business plan and sample business plans. You should have a credit score of at least 700. You will personally have to put up 30% of the funds as no bank is going to assume all of the risk.
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