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Small Business Administration loans or financing

I have a friend who is starting up a photography business. He is incredibly talented but needs to find financing for his business. Any ideas?

 
MChildressDem

Asked by MChildressDem at 8:42 PM on Nov. 9, 2010 in Money & Work

Level 20 (9,966 Credits)
This question is closed.
Answers (3)
  • oddly, it is hard to get money from the sba for a start up.
    self financing is hard now too.
    is he looking for his own studio?
    equipment?
    could he set up a studio in his home?
    could he do off site photography?
    can any family or friends loan him money?
    happy2bmom25

    Answer by happy2bmom25 at 9:56 PM on Nov. 9, 2010

  • Can he get a HELOC?
    Anonymous

    Answer by Anonymous at 7:24 AM on Nov. 10, 2010

  • Tell him he should shop around at all the local banks for a small business loan. He can try the SBA, but the interest rates are obsurdly high.
    HotMama330

    Answer by HotMama330 at 12:08 PM on Nov. 10, 2010

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