What would I need to successfully apply for a business/small business loan? Specifically to start a sweet shop
I'm 25, have average credit (670), 10k in the bank, work a 35k a year job, and the only liquidatable asset I really own is a fairly cheap car (2009 Honda Civic)
Am I fucked? How do I get to where I need to be?
>>16937236
never start a business on a loan. Your business is far from being guaranteed to succeed, while that loan is a 100% guarantee. You should really look into some entrepreneurial stuff before you jump into starting a business, else you'll just be reinventing the wheel with a 5% success rate.
>>16937236
I have no advice to give you, but that sweet shop looks comfy as fuck.
You'd have to go to a bank and ask I suppose.
At minimum you'd probably need a business plan.
Have you looked into what the costs involved are? you'd need to rent a store and contact candy suppliers and so forth
