View Full Version : Business loan for Property / Business

07-02-2009, 08:39 AM

I and my wife want to start business ( daycare/pre school) and want to know below details.We both have Green card.

1) Do I need to open LLC or INC for this ?
2) I have home loan so will I get business loan for new property.
3) We already Identify property in our area.


07-02-2009, 09:03 AM
Your need to present your total asset / liabilities /previous experience in this field or any other successful venture in the past to your long term bank ally

if you have build up equity at home then consider home equity to start business

or apply
Small Business Administration - Financial Assistance (http://www.sba.gov/services/financialassistance/index.html)