How do you go about getting a huge business loan. – So I am wondering how do people go about getting huge loan amounts for things like opening up a business. (like 500k+ loans).. Between everybody here we can probably figure out a way to knock 200-300K off your capitalization needs unless you need the money to buy land. 06-02-2010, 03:50 PM.
You’d need to have a solid business plan (the ones that are 20-30+ pages) showing your strategy, how you are going to monetize, the ROI, etc. to have any hope of getting that kind of loan. I know of people just asking for a $30k loan that get shot down even with a detailed business plan. This was before the banks cracked down on loans.
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A business loan is a short- or long-term lending tool designed to help fuel economic activity. This type of loan is generally sought out to pay for such things as opening a company, expanding operations or even for improving equipment.
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