It seems to amaze me that if your a honest hardworking person, pays your bills on time,pays your taxes,never takes but consistently gives and has all the supporting documentation of what your trying to achieve for your business constantly gets shot down for any business loans to increase revenue in your business. Now on the other hand we have immigrants who just arrived from Pakistan 4 years ago( be advised im not knocking immigrants its just a reference after I talked to the owner), has a little store up the street from my business and not only did he get a business loan but also a grant to establish their business. Im conflicted of how these Banks or Financial institutions can give to one but not the other. Credit score in the 700s and business has been open for 3 years which is apparently the magic number but if your still in the red which most business are in the time frame then its NO Way. Every year we get closer to get into the black but its not good enough. Ive tried to use Women -owned Business and Veteran- owned business to open the door to other possibilities but it all goes back your revenue. So i think about the immigrant up the street from my business and say how the hell did he receive his loan when he hasnt even been opened as long as me and Not even an American Citizen yet.. No wonder people scam in life to get what they want because doing it honestly and waiting for a response is absolutely Crazy..
Posted on: Wed, 16 Jul 2014 15:21:06 +0000
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