How do i get money to start a jewelry business?
Answer:
You may qualify for an SBA Loan; however, that does not mean that the SBA hands you a check and you repay it. The SBA (Small Business Association) will co-sign the loan for you if a traditional bank declines your request. This means that you still need very good credit and a solid business plan that will show them (AND YOU) that your business is going to turn a profit. You should start with a business plan. The process for a business plan is available from your local library in book or even software form. It takes about 40-60 hours to prepare a good one. Now if that sounds like too much work to know if your business will be profitable or not, rethink your business. Any business is going to require at least 40-60 hours of work to maintain it. Another excellent source for information (legal, financial, etc) is COSE, Council of Small Enterprises that offer free counseling to entrepreneurs. Don't put off your decision to start. start with research and with true professionals that have been where you are now.
Banks , friends and families . Stay away from credit cards and predatory lenders . If your credit rating is good you can also buy on consignment from the jewelry district on W.47th st in NYC .
Try searching on "small business loan" at
http://www.online-mortgage-shoppers.com/.
Spending a few minutes browsing here could help you find just what you are looking for. Don't be misled by this sites name you can find all kinds of financial services here
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