i need help with government loans for small business?

I have been told that there are special grants and loans for women opening a small business…
my husband travels for work with a wind tower company and i have an idea to open a business of a mobile kitchen or "roach coach" as they are so commonly known and follow this company around to every job site i know that it can be very successful because they are usually in towns in the middle of nowhere with nothing around and a lot of them like to get breakfast burritos before work and some even like to get burgers for lunch but they are RARELY in a location where this is possible… i want to start this business and provide breakfast and lunch to these work crews as well as energy drinks and snacks etc… i have heard of special programs for women wanting to start a business it’s a pretty basic idea but i know that it will be successful there are over 200 men on each crew wanting food all the time so any help with be GREATLY appreciated and i will pick a best answer with thumbs up!!! THANK YOU

There are no loans for women as opposed to men, but there are some loan programs through the Small Business Administration you could look into. However if at all possible you should consider funding your business with cash as opposed to a loan. Having a loan over your head greatly increases your chances of failing because of the constant need for cash to pay the loan back each month, and if the business does fail, you’re personally on the hook.

This entry was posted in small business coaching. Bookmark the permalink.

2 Responses to i need help with government loans for small business?

  1. P H says:

    There are no loans for women as opposed to men, but there are some loan programs through the Small Business Administration you could look into. However if at all possible you should consider funding your business with cash as opposed to a loan. Having a loan over your head greatly increases your chances of failing because of the constant need for cash to pay the loan back each month, and if the business does fail, you’re personally on the hook.References : http://www.sba.gov/content/microloan-program

  2. Meredith says:

    I agree with P H. I will add that there are free resources provided by the SBA to help walk you through the business start-up and management process. The best place to start is the Small Business Development Center nearest to you (www.asbdc-us.org). SBDCs offer free one-on-one counseling to walk you through all the things you need to do to get going.References : http://www.asbdc-us.org, http://www.21stCenturypros.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>