Caucasion female I have recently purchased the entire stock and equipment from the only Live Bait and Tackle shop within a 25 mile radius. Large rural town with alot of streams, rivers, lakes, and ponds. High demand for Live Bait year round. Have researched Gov. Grants with no success. Have checked about an SBA loan and was told the business was too small to meet their requirements. Local banks want more collateral than I have available. Have been looking for a private investor as well with no luck. I have poor credit but everyone is in agreement that this would be a good business investment. There were four Live Bait and Tackle Shops in this area all successful. Due to retirement and death of the owners over the past two years the one I purchased was the last one in operation. The owner sold out to me because he was not willing to devote the amount of time necessary to operate this type of business successfully any longer. It was operating with a good profit line at that time. HELP
Check out this site. Depending on the state you live in you can get a loan up to $25,000 w a competitive rate for your credit score.
With ‘good credit, you would have a very difficult time obtaining funding. With poor credit, I’d forget it.
You only source is family or friends.
http://www.firstgov.gov/
http://www.grants.gov/
Michael
http://www.webmasterautomation.com