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Anyone a Loan expert, Could I get a loan to open a small business in Mexico?

I am an American Citizen that has a great business, is there anyone who can tell me if I can obtain a loan from a U.S.A. Bank but the company would have to be based in Mexico.

Answer Question

Asked by MexTexmom2 at 3:20 PM on Apr. 29, 2011 in Money & Work

Level 18 (5,331 Credits)
Answers (2)
  • Not a loan expert- but most small businesses use personal lines of credit when they first start. Of course cash is always the best options. So anyway if you have collateral, or it's a signature loan, good credit, job history, etc- yes you should be able to get a loan. But getting a loan for a business that is just starting up- not likely unless it's a personal loan.

    Answer by Erica_Smerica at 3:34 PM on Apr. 29, 2011

  • I seriously doubt it - not trying to be negative but SBA loans for businesses based in the U.S.

    Answer by tasches at 4:18 PM on Apr. 29, 2011

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