Ruth asks… Can you get an sba loan with little to no credit? I want to open a convenience store but I wanted to know what would be a ball park figure for starting cost and how easy or hard is it to get a sba loan? admin answers: SBA loans are NOT easy and [...]

Maria asks… Is the Obama’s stimulus plan another windfall for big business as this article suggests? Obama declared that he would oversee regulatory reform to halt “reckless greed and risk-taking” by banks and financial institutions, while reassuring Wall Street that the public funding spigots would remain open to bail out the most powerful firms. “It [...]

Ken asks… Why does free market capitalism get a bad rep? The bail outs are not free market capitalism, that’s fascism to have the government dictate the market. Don’t tell me it divides the rich and the poor. 50% of the American GDP is from small businesses – Fortune Magazine Not to mention majority of [...]

Donald asks… is there a micro loan for someone with bad credit to start a small business with $5000? admin answers: Whether you are just starting a business or are trying to grow into a new level of entrepreneurship, it is essential to get the right assistance. If you need financial help, then considering a [...]

Maria asks… Do you think a Entpreneur Tutor or Home Business Tutor or Assistant Program would be lucrative ? I was thinking that I would be an assistant to help people with their home or small businesses. I would be someone that would help them research their idea. I would help them write a business [...]

Donald asks… Is the republican strategy against small businesses going to backfire in November? Obama provided health care for their employees, unemployment for them, funding for jobs, and small business loans. Republicans have blocked every single initiative. Why would anybody in their right mind vote for a party that only benefits the top rich 2%. [...]

William asks… What is great software that i can use to manage a small business? Like to pay employes, manage finances, store ideas, stuff like that. I mean I just think it would be more organized Like to pay employes, manage finances, store ideas, stuff like that. I mean I just think it would be [...]

Ruth asks… What regional banks in Southeast Michigan offer SBA-backed loans for franchise start-ups? The franchise we are going to buy is on the FRANdata Registry. We are injecting 26% of the start-up capital needed. The total amount to be financed is under $1MM. What banks in Michigan offer (or specialize) in this type of [...]

Linda asks… I am thinking of starting my own business. Any sources I can tap into to assist in financial aspects? Grants? Women starting businesses funds? Other govt. resources? Thanks. admin answers: As noted above the SBA also: Your Bank Chamber of Commerce Vocational Schools/Community Colleges usually offer non-credit business classes Many communities now have [...]

Steven asks… Can you qualify for any loan with bad credit even though you are able to make a large down payment? Like alot of people right now, my family has hit really hard times, my husband’s business lost all work, we’re both working now but with very limited income. We have tried to make [...]