Comments on: I want a loan. My business partner doesn't. http://smallbusiness.blogs.cnnmoney.cnn.com/2009/03/13/i-want-a-loan-my-business-partner-doesnt/ Editors from FSB magazine answer your pressing small-business questions. Tue, 15 Dec 2009 12:52:55 +0000 http://wordpress.com/ hourly 1 By: Isuru Reseda CA http://smallbusiness.blogs.cnnmoney.cnn.com/2009/03/13/i-want-a-loan-my-business-partner-doesnt/#comment-1949 Isuru Reseda CA Fri, 14 Aug 2009 20:28:16 +0000 http://askfsb.blogs.fsb.cnn.com/?p=959#comment-1949 Does your business accept Master n VISA from customers? If so you can apply a loan through K.V Management. They will give you fair interest rate. You dont need your partners signature. You can apply by your own. Their loan is called Credit Card receivable financing. If you need more info send me an email to ihds6778@gmail.com Does your business accept Master n VISA from customers? If so you can apply a loan through K.V Management. They will give you fair interest rate. You dont need your partners signature. You can apply by your own. Their loan is called Credit Card receivable financing. If you need more info send me an email to ihds6778@gmail.com

]]> By: ilya bodner http://smallbusiness.blogs.cnnmoney.cnn.com/2009/03/13/i-want-a-loan-my-business-partner-doesnt/#comment-1833 ilya bodner Sun, 07 Jun 2009 20:21:05 +0000 http://askfsb.blogs.fsb.cnn.com/?p=959#comment-1833 I see a few good answers in here. The bottom line is that you need to get financing on your own. It is smart that your partner doesn't want to mix personal credit with business credit. Consider taking the last advice and obtain financing through the use of business credit. Type "strong business credit" into google or yahoo and check out the choices. Sincerely, Ilya Bodner Small Business Owner Initial Underwriting Group I see a few good answers in here. The bottom line is that you need to get financing on your own. It is smart that your partner doesn't want to mix personal credit with business credit.

Consider taking the last advice and obtain financing through the use of business credit.

Type "strong business credit" into google or yahoo and check out the choices.

Sincerely,

Ilya Bodner
Small Business Owner
Initial Underwriting Group

]]> By: Dave, Grand Rapids, MI http://smallbusiness.blogs.cnnmoney.cnn.com/2009/03/13/i-want-a-loan-my-business-partner-doesnt/#comment-1607 Dave, Grand Rapids, MI Tue, 17 Mar 2009 14:43:45 +0000 http://askfsb.blogs.fsb.cnn.com/?p=959#comment-1607 C. Miranda, the comments given by the original answer were very good. It is not uncommon for partners to have differing levels of risk. However, not all partnerships are destined to last forever either. The comments from the answerer were right on that a compromise might be in order, on this job at least. Also, you may want to consider the possibility that 'all that glitters is not gold' - maybe there's some wisdom in your partner's desire to essentially forego this opportunity because it's too big. Many small businesses have been killed by taking on more than they could handle on big contracts or job orders (read Walmart, etc.). Secondly, I would greatly warn you against running up credit card debt, especially in this lending environment, without a good strategy for resolving this short-term debt into something you can handle. This is especially true if your partner is not running up credit card debt on the business for whatever reason. C. Miranda, the comments given by the original answer were very good. It is not uncommon for partners to have differing levels of risk. However, not all partnerships are destined to last forever either. The comments from the answerer were right on that a compromise might be in order, on this job at least. Also, you may want to consider the possibility that 'all that glitters is not gold' – maybe there's some wisdom in your partner's desire to essentially forego this opportunity because it's too big. Many small businesses have been killed by taking on more than they could handle on big contracts or job orders (read Walmart, etc.). Secondly, I would greatly warn you against running up credit card debt, especially in this lending environment, without a good strategy for resolving this short-term debt into something you can handle. This is especially true if your partner is not running up credit card debt on the business for whatever reason.

]]> By: Jamie, Las Vegas, NV http://smallbusiness.blogs.cnnmoney.cnn.com/2009/03/13/i-want-a-loan-my-business-partner-doesnt/#comment-1601 Jamie, Las Vegas, NV Sat, 14 Mar 2009 15:58:40 +0000 http://askfsb.blogs.fsb.cnn.com/?p=959#comment-1601 You can always look for your business as the backer of your loan. You would need to have business credit, instead of personal credit. You can find out if you have any business credit by visiting the DnB website. If you do not have business credit you can always refer to a company that can help you get it. I used <a href="http://InsidersGuideToBusinessCredit.com" rel="nofollow">http://InsidersGuideToBusinessCredit.com</a> and they were able to get me business credit in under 30 days. You can always look for your business as the backer of your loan. You would need to have business credit, instead of personal credit. You can find out if you have any business credit by visiting the DnB website. If you do not have business credit you can always refer to a company that can help you get it. I used http://InsidersGuideToBusinessCredit.com and they were able to get me business credit in under 30 days.

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