Hi everyone. I posted here some time back and got great advice, so I thought I would ask another question here. I am looking at starting up my own law firm, and would like to get either a loan or a line of credit of $5K to $10K for startup costs and working capital for the first few months. I will be putting in about $1500 of my own cash. I estimate total startup costs of $3500 and monthly expenses about $1000 (unless business starts booming). My official FICO is 648. I have a vehicle worth $6000 with no liens against it that I can offer for collateral, and I can also pledge any office furniture/equipment as collateral as well. Does anyone know if this is sufficient to get the financning I need? Any input or suggestions would be greatly appreciated!
