Comments on: Credit crunch hits small businesses http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/ FSB Features Wed, 16 Dec 2009 18:30:20 +0000 http://wordpress.com/ hourly 1 By: Pokjat Personal Finance http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-14339 Pokjat Personal Finance Fri, 13 Nov 2009 14:15:57 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-14339 Great.Now i can tell about my grudge against credit crunch here.Pity me. http://www.pokjat.com/ Great.Now i can tell about my grudge against credit crunch here.Pity me.

http://www.pokjat.com/

]]> By: Sign Solutions, Pompano Beach, FL http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-14266 Sign Solutions, Pompano Beach, FL Mon, 07 Sep 2009 18:56:25 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-14266 Gable Signs,Maryland, does not pay small Florida sign company. The Florda company does all of installation work on Miami Beach sign project and Gable Sign Company does not pay its bills. This is he second job that Gable has not paid it's Subcontractors. With the downturn in bank funding for operations and working capital the squeeze is on. How about some relief for small business. Gables lack of payments forced layoffs of 65% of workforce. $200,000 plus is a lot of money. Gable Signs,Maryland, does not pay small Florida sign company. The Florda company does all of installation work on Miami Beach sign project and Gable Sign Company does not pay its bills. This is he second job that Gable has not paid it's Subcontractors.
With the downturn in bank funding for operations and working capital the squeeze is on. How about some relief for small business. Gables lack of payments forced layoffs of 65% of workforce. $200,000 plus is a lot of money.

]]> By: james, caro,Mi http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-14155 james, caro,Mi Sat, 18 Jul 2009 01:40:13 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-14155 where can I find SBA lender in this country, every bank that I talked to they say no,is there any SBA lenders in this country I do have business even I can not get a letter of credit from the bank that I do business where can I find SBA lender in this country, every bank that I talked to they say no,is there any SBA lenders in this country I do have business even I can not get a letter of credit from the bank that I do business

]]> By: Motherfund,Rockwall,Tx http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-13777 Motherfund,Rockwall,Tx Thu, 07 May 2009 16:09:48 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-13777 I may be able to assist you! How many credit pulls have you had over the last 30 days? I have a cash advance co that is interested if you are interested in factoring. I may be able to assist you! How many credit pulls have you had over the last 30 days? I have a cash advance co that is interested if you are interested in factoring.

]]> By: Linda Medina, OH http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-13181 Linda Medina, OH Wed, 18 Feb 2009 19:39:42 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-13181 Small business with proof of upcoming work and good income stream. Over 25 yrs exp. Never behind on any payments, lots of equity/assets. 696 credit score turned down today by Huntington Nat'l Bank for a line of credit & consolidation loan. Small business with proof of upcoming work and good income stream. Over 25 yrs exp. Never behind on any payments, lots of equity/assets. 696 credit score turned down today by Huntington Nat'l Bank for a line of credit & consolidation loan.

]]> By: queen tye, georgia http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-12928 queen tye, georgia Thu, 29 Jan 2009 14:38:04 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-12928 I have purchased a franchise business and have not been able to get SBA financing in 6 months. I have been told by the larger banks that they dont do SBA loans for start ups that have not been in biz for at least 2 years. I have been told by the smaller community banks that they cannot use my assets because they are in California and I live in Georgia. Ive been turned down 5 times, had lenders sit on my application for weeks only to tell me they cant do it after telling me initially it looked like a go. Im not sure what other options are out there....The franchise fee has been paid and there are no refunds under any circumstances as the contract states...and thats 25k! I have purchased a franchise business and have not been able to get SBA financing in 6 months. I have been told by the larger banks that they dont do SBA loans for start ups that have not been in biz for at least 2 years. I have been told by the smaller community banks that they cannot use my assets because they are in California and I live in Georgia. Ive been turned down 5 times, had lenders sit on my application for weeks only to tell me they cant do it after telling me initially it looked like a go. Im not sure what other options are out there….The franchise fee has been paid and there are no refunds under any circumstances as the contract states…and thats 25k!

]]> By: Hoyt Donaldson http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-12655 Hoyt Donaldson Fri, 19 Dec 2008 21:25:36 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-12655 We were told at our Credit Union that our loan would be slaved to the prime rate, I believe it was 1.5% above prime. We were under the impression that it would be a fixed rate at that lock in. After spending oodles, and many long hours, while working full time, we got our property, clearance from the DOT,town hall, surveys, had our Civil Engineering drawings created and submitted, we find out that it is a VARIABLE rate loan. We are then told that, unless you could pay it back in say, 5 years, there are NO fixed rate loans available for business in THIS COUNTRY, and this was in 2005, when things were good. How come nobody is talking about this crisis. We are in the variable rate loan, and it is fine for now, but we could easily be forced into bankruptcy at any time the prime goes too high. Tell me, why can't an American, get a fixed rate on a good solid business model, especially when the value of the property/building is worth 3 times the loan value? Anybody? We were told at our Credit Union that our loan would be slaved to the prime rate, I believe it was 1.5% above prime. We were under the impression that it would be a fixed rate at that lock in.
After spending oodles, and many long hours, while working full time, we got our property, clearance from the DOT,town hall, surveys, had our Civil Engineering drawings created and submitted, we find out that it is a VARIABLE rate loan. We are then told that, unless you could pay it back in say, 5 years, there are NO fixed rate loans available for business in THIS COUNTRY, and this was in 2005, when things were good. How come nobody is talking about this crisis. We are in the variable rate loan, and it is fine for now, but we could easily be forced into bankruptcy at any time the prime goes too high. Tell me, why can't an American, get a fixed rate on a good solid business model, especially when the value of the property/building is worth 3 times the loan value? Anybody?

]]> By: Jim Leonard, Troutman, NC http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-12644 Jim Leonard, Troutman, NC Tue, 16 Dec 2008 16:54:36 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-12644 I run a small General Contracting business in North Carolina. We have experienced the collapse of several lucrative projects due to the local banks inability to make loans to our clients. The comments are all the same, "maybe the SBA can help", "the loan needs more equity in the deal", "the business is too risky for this economy", and on and on. It just seems that the banks don't want to lend money. When is the national bailout money going to hit main street? If people are not allowed to borrow money, this nation will come to a screeching halt and the recession will become a depression. I run a small General Contracting business in North Carolina. We have experienced the collapse of several lucrative projects due to the local banks inability to make loans to our clients. The comments are all the same, "maybe the SBA can help", "the loan needs more equity in the deal", "the business is too risky for this economy", and on and on. It just seems that the banks don't want to lend money. When is the national bailout money going to hit main street? If people are not allowed to borrow money, this nation will come to a screeching halt and the recession will become a depression.

]]> By: Chris Ott, Napa, CA http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-12629 Chris Ott, Napa, CA Sun, 14 Dec 2008 23:32:17 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-12629 We have been trying for months to find a bank that will even present to the SBA. We have tried all banks from the largetst public to the smallest community banks and all try to fit us into their own internal programs while saying the SBA requirements have tighted and we would not qualify. We are an enviromental contractor and have had SBA loans in the past. We have a large volume of goverment transportation contracts now and even though we lost money in the residential housing market in the past we still have the ability to repay any new loan. No matter what the size of the bank they all are not interested in SBA loans. I guess this is a sign of the times. I have learned that SBA backed loans are small margin products for banks and the banks do not want to mess with them so they advertise as an SBA lender to get people in the door and screen them for in house lending products. Most will never even present to the SBA. They do not make enough money for the hassel they have to go through to secure the loan. Who knows? All I know is we are a customer trying to get to the SBA and can not. We have been trying for months to find a bank that will even present to the SBA. We have tried all banks from the largetst public to the smallest community banks and all try to fit us into their own internal programs while saying the SBA requirements have tighted and we would not qualify.

We are an enviromental contractor and have had SBA loans in the past. We have a large volume of goverment transportation contracts now and even though we lost money in the residential housing market in the past we still have the ability to repay any new loan. No matter what the size of the bank they all are not interested in SBA loans. I guess this is a sign of the times.

I have learned that SBA backed loans are small margin products for banks and the banks do not want to mess with them so they advertise as an SBA lender to get people in the door and screen them for in house lending products. Most will never even present to the SBA. They do not make enough money for the hassel they have to go through to secure the loan. Who knows? All I know is we are a customer trying to get to the SBA and can not.

]]> By: M Policella,Plymouth, MI http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-12589 M Policella,Plymouth, MI Tue, 09 Dec 2008 00:59:46 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-12589 It has been a 6 month nightmare so far in trying to get an SBA loan for a franchise start up business. We have had banks that sat on our application for three months, saying everything would be fine then declining when we finally put pressure on for them to give us a decision. We had banks who have given verbal approval only to change there mind over the weekend saying either they would only finance a going concern or as in one case that they would not finanace any business in Michigan. Remember this is after they had our documents for 4 or 5 weeks and had verbally approved the loan. The franchisor who I am dealing with normally arranges these loans. They have told me that it has never been so hard to get an SBA loan for their franchisees. It has been a 6 month nightmare so far in trying to get an SBA loan for a franchise start up business. We have had banks that sat on our application for three months, saying everything would be fine then declining when we finally put pressure on for them to give us a decision. We had banks who have given verbal approval only to change there mind over the weekend saying either they would only finance a going concern or as in one case that they would not finanace any business in Michigan. Remember this is after they had our documents for 4 or 5 weeks and had verbally approved the loan. The franchisor who I am dealing with normally arranges these loans. They have told me that it has never been so hard to get an SBA loan for their franchisees.

]]> By: Edwin, Suwanee, Georgia http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-12470 Edwin, Suwanee, Georgia Sat, 22 Nov 2008 13:29:25 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-12470 Thank you very much for your post. Absolutely excellent information and very useful for me. Great done and keep posted. Looking forward to reading more from you. <a href="http://www.creditgetwealth.com" rel="nofollow">CreditGetWealth.com</a> Thank you very much for your post. Absolutely excellent information and very useful for me. Great done and keep posted. Looking forward to reading more from you.
CreditGetWealth.com

]]> By: Dan Miller, Trenton NJ http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-12458 Dan Miller, Trenton NJ Fri, 21 Nov 2008 03:29:45 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-12458 The issues you face are no different than those of any small business owner in this environment. The fact that you are a MBE or SDB is not the issue so stop hiding behind it. You write rubber checks and then whine because you are having trouble getting a loan. Why should any lender believe that you are willing and able to make payments if you already have a history of bouncing checks? You talk about being duped and another vendor is being paid for your work, as well as not being paid my a "majority" firm for work performed. The information that you have posted would tend to indicate that you are high risk due to the bounced checks, that you lack the necessary skills to manage your business, your finaces and collect on open invoices. Why should any lender want to make a loan to your business? You are HIGH RISK and it has nothing to do with the fact that you are a minority business. As a lender I wouldn't touch you with or without an SBA guarantee because you show no reasonable expectation of being able to operate your business successfully with your current management team. You are hi The issues you face are no different than those of any small business owner in this environment. The fact that you are a MBE or SDB is not the issue so stop hiding behind it. You write rubber checks and then whine because you are having trouble getting a loan. Why should any lender believe that you are willing and able to make payments if you already have a history of bouncing checks?

You talk about being duped and another vendor is being paid for your work, as well as not being paid my a "majority" firm for work performed.

The information that you have posted would tend to indicate that you are high risk due to the bounced checks, that you lack the necessary skills to manage your business, your finaces and collect on open invoices. Why should any lender want to make a loan to your business? You are HIGH RISK and it has nothing to do with the fact that you are a minority business. As a lender I wouldn't touch you with or without an SBA guarantee because you show no reasonable expectation of being able to operate your business successfully with your current management team.

You are hi

]]> By: Contract Design & Development LLC, Laurel Maryland http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-12332 Contract Design & Development LLC, Laurel Maryland Fri, 14 Nov 2008 00:23:40 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-12332 Contract Design & Development, LLC (CDD) is currently seeking a business loan to construct a department of transportation project (I-895 /I-95 Interchange) in Baltimore Maryland via a DBE/MBE subcontract. CDD is scheduled to meet with Suntrust Bank's branch manager first to reinstate CDD's business account -after it was closed for overdarfts- and to apply for a line of credit ($50,000.) or a small business loan, less than fifty thousand, for operating cost. CDD's contract is with a local established highway contractor who has agreed to assist CDD by paying early (bi-weekly) and reducing the rention by fifty percent. Although this will be a big help the real problem for CDD CDD is immediate cash flow. CDD is strapped for cash due to non-payment by a Baltimore based signs & graphics contractor who had a federally funded Metro contract that CDD completed in St. Louis, last year. For a certified disadvantaged and/or minority business enterprises, such as CDD, securing a bank loan or line of credit has become nearly impossible and with some majority firms willfully taking advantage of MBE firms by simply not paying them for their work has caused great harm to many. Not paying any business is tough but particullarly bad for a small business and even worse for a minority business enterprise. It could greatly harm or even force a business to close. CDD, a government certified minority business enterprise, was dupted into financing a portion of Gable Signs & Graphics, Inc's, a majority business, St. Louis Metro "Signs & Graphics" contract. As it stands, Gable Signs & Graphics (GSG) was paid for work that CDD performed by Bi-State (Metro), a government entity and MBE certifing agent for CDD. Metro and Gable left CDD holding invoices totalling over three hundred and fifty thousand dollars. GSG has CDD money in it's bank account while CDD is forced to seek a loan. So, not only does MBE have to face the credit crisis we also continue to fight discrimnation and neglect from some governmnet agencies (Metro). The current credit crisis has turned most banks into money horders and some businesses into theives. I sure hope Barach Obama will change this. Yes we do. I will follow-up and let you know if CDD was able to secure the line of credit or bankm loan from Suntrust Bank. Contract Design & Development, LLC (CDD) is currently seeking a business loan to construct a department of transportation project (I-895 /I-95 Interchange) in Baltimore Maryland via a DBE/MBE subcontract.

CDD is scheduled to meet with Suntrust Bank's branch manager first to reinstate CDD's business account -after it was closed for overdarfts- and to apply for a line of credit ($50,000.) or a small business loan, less than fifty thousand, for operating cost.

CDD's contract is with a local established highway contractor who has agreed to assist CDD by paying early (bi-weekly) and reducing the rention by fifty percent. Although this will be a big help the real problem for CDD CDD is immediate cash flow. CDD is strapped for cash due to non-payment by a Baltimore based signs & graphics contractor who had a federally funded Metro contract that CDD completed in St. Louis, last year.

For a certified disadvantaged and/or minority business enterprises, such as CDD, securing a bank loan or line of credit has become nearly impossible and with some majority firms willfully taking advantage of MBE firms by simply not paying them for their work has caused great harm to many. Not paying any business is tough but particullarly bad for a small business and even worse for a minority business enterprise. It could greatly harm or even force a business to close.

CDD, a government certified minority business enterprise, was dupted into financing a portion of Gable Signs & Graphics, Inc's, a majority business, St. Louis Metro "Signs & Graphics" contract. As it stands, Gable Signs & Graphics (GSG) was paid for work that CDD performed by Bi-State (Metro), a government entity and MBE certifing agent for CDD. Metro and Gable left CDD holding invoices totalling over three hundred and fifty thousand dollars.

GSG has CDD money in it's bank account while CDD is forced to seek a loan.

So, not only does MBE have to face the credit crisis we also continue to fight discrimnation and neglect from some governmnet agencies (Metro).

The current credit crisis has turned most banks into money horders and some businesses into theives.

I sure hope Barach Obama will change this. Yes we do.

I will follow-up and let you know if CDD was able to secure the line of credit or bankm loan from Suntrust Bank.

]]> By: Dave - Grand Rapids, MI http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-12108 Dave - Grand Rapids, MI Fri, 31 Oct 2008 21:17:39 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-12108 On this comment page I'm seeing a lot of issues that folks have with getting an SBA loan. The first problem most folks have with getting an SBA loan is that they get connected with the wrong SBA lender. I've heard untold numbers of stories over the years from my clients about ficticious SBA requirements that their bank told them they needed to meet. Half the time it's probably their lender lying to them, and the other half it's lenders not knowing the right answers. Find a lender with a good track record of making SBA loans, or at least a lender you can trust to tell you the truth. Most of these stories posted on this comment section aren't even possible with SBA loans. You cannot be approved and then denied later. SBA loans are not 'hard' to get - my typical client works at it for a month or less. The SBA is not hard to work with - they're often much more liberal in their lending standards than are most banks. And once and for all - of course the SBA (and your bank too) want a lien on your home if they're making a loan to you that isn't fully covered by the collateral in your business. That's called prudent lending and is good for our banking system and our taxpayers who back up the SBA. On this comment page I'm seeing a lot of issues that folks have with getting an SBA loan. The first problem most folks have with getting an SBA loan is that they get connected with the wrong SBA lender. I've heard untold numbers of stories over the years from my clients about ficticious SBA requirements that their bank told them they needed to meet. Half the time it's probably their lender lying to them, and the other half it's lenders not knowing the right answers. Find a lender with a good track record of making SBA loans, or at least a lender you can trust to tell you the truth. Most of these stories posted on this comment section aren't even possible with SBA loans. You cannot be approved and then denied later. SBA loans are not 'hard' to get – my typical client works at it for a month or less. The SBA is not hard to work with – they're often much more liberal in their lending standards than are most banks. And once and for all – of course the SBA (and your bank too) want a lien on your home if they're making a loan to you that isn't fully covered by the collateral in your business. That's called prudent lending and is good for our banking system and our taxpayers who back up the SBA.

]]> By: Dan Miller, Trenton NJ http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-12004 Dan Miller, Trenton NJ Sun, 26 Oct 2008 02:44:39 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-12004 Banks are required to take all collaterial avalable up to the value of the loan. Personal guaranties are always required! If you are unwilling to risk your personal assets for the business you should not be expecting the SBA or anyone else to assume the risk. I you are so sure of your business then put up your money where your mouth is and accept the personal guarantee. If you feel that is too risky then do not expect the bank or the SBA to assume the risk for you. Banks are required to take all collaterial avalable up to the value of the loan. Personal guaranties are always required! If you are unwilling to risk your personal assets for the business you should not be expecting the SBA or anyone else to assume the risk. I you are so sure of your business then put up your money where your mouth is and accept the personal guarantee. If you feel that is too risky then do not expect the bank or the SBA to assume the risk for you.

]]> By: Dan Miller, Trenton NJ http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-12003 Dan Miller, Trenton NJ Sun, 26 Oct 2008 02:38:14 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-12003 Find out from the bank why they declined the loan. Did there underwriting criteria change in that time frame? Did your credit score of other information material to getting the loan change? I assume there is more than one bank in your area, take your project, and current copies of credit reports and credit scores to other lenders see if there interested. Find out from the bank why they declined the loan. Did there underwriting criteria change in that time frame? Did your credit score of other information material to getting the loan change? I assume there is more than one bank in your area, take your project, and current copies of credit reports and credit scores to other lenders see if there interested.

]]> By: Dan Miller, Trenton NJ http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-12001 Dan Miller, Trenton NJ Sun, 26 Oct 2008 02:29:19 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-12001 On what do you base your statement that you are having trouble with the SBA? Has you lender approved your loan contingient on approval of an SBA guarantee? It may be beneficial to contact your local SBA district office ans ask then to explain the SBA guaranteed loan program to you. This will assist you with understanding the process and it may assist you in identifying lenders that would be more receptive to your project. On what do you base your statement that you are having trouble with the SBA? Has you lender approved your loan contingient on approval of an SBA guarantee? It may be beneficial to contact your local SBA district office ans ask then to explain the SBA guaranteed loan program to you. This will assist you with understanding the process and it may assist you in identifying lenders that would be more receptive to your project.

]]> By: las vegas http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-11279 las vegas Thu, 16 Oct 2008 23:38:37 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-11279 Hello sir my name is WIll Jones, I am a financial consultant. I recommend seperating your personal credit from your business credit by forming a corperation and hiring a professional firm that are experts at positioning your company to be in compliance with the lending market requirements. Trade credit is a great way to go so you can use it as a great reference. visit this website. www.bcscredit.com. David Gass is an expert on business credit. or call 1-866-254-6076 ext. 133 Hello sir my name is WIll Jones, I am a financial consultant. I recommend seperating your personal credit from your business credit by forming a corperation and hiring a professional firm that are experts at positioning your company to be in compliance with the lending market requirements. Trade credit is a great way to go so you can use it as a great reference. visit this website. http://www.bcscredit.com. David Gass is an expert on business credit. or call 1-866-254-6076 ext. 133

]]> By: Rebecca, Bellevue, Ohio http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-10962 Rebecca, Bellevue, Ohio Tue, 14 Oct 2008 19:20:19 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-10962 I am a small trucking company in Ohio, have been trying for over a year to get some debt restructuring done with no success. Recently I tried to refinance two of my trucks which have about $160,000.00 equity available, but again no success. With every day a struggle with payroll, diesel cost and maintence, payroll taxes and insurance it is tuff, but so far no one seems to care. I am a small trucking company in Ohio, have been trying for over a year to get some debt restructuring done with no success. Recently I tried to refinance two of my trucks which have about $160,000.00 equity available, but again no success. With every day a struggle with payroll, diesel cost and maintence, payroll taxes and insurance it is tuff, but so far no one seems to care.

]]> By: Ty, Phoenix, Az http://fsbfeatures.blogs.fsb.cnn.com/2008/09/15/credit-crunch-hits-small-businesses/#comment-10896 Ty, Phoenix, Az Mon, 13 Oct 2008 14:01:57 +0000 http://fsbfeatures.wordpress.com/?p=358#comment-10896 All I need is $400,000 to start my Auto repair biz. I already invested $80,000 of my own money. My bank told me on Friday that the SBA loan that was originally approved 5 months ago fell through. I am not sure what I will do now. Any advise out there? All I need is $400,000 to start my Auto repair biz. I already invested $80,000 of my own money. My bank told me on Friday that the SBA loan that was originally approved 5 months ago fell through.

I am not sure what I will do now. Any advise out there?

]]>