Hi everybody, I am planning to start a business with some of my friends and for that we need to take a business loan. The plan we have requires good capital and inspite of adding what we have, the capital is short. We have decided to apply for a business loan and for that I need your suggestions on where and how to go with the proceedings. Any suggestion will be appreciated.
Personally I would advise that you don't apply NOW. Who knows what will happen in the bailout mess. Just this morning there was a newsitem that independent car dealers are being turned down for credit to purchase additional inventory.
I second that!!! Wait until the dust settles just a bit. Another Bill just went up to the house which was not so good looking and the StockMarket took another dive today. Now would not be a wise time to make that move..
