|
I've found banks to be extremely tight fisted lately. They've even been tough on real estate loans. If you can get them to loan you anything you will probably have to put your house up as collateral.
I would try the SBA first. Even if you don't get a loan from them, someone there should be able to explain the process and maybe recommend a lender.
What are the assets of the business? They might be useful as collateral, but lenders tend to be shy about the value of things they don't understand.
__________________
.
|