What financial institution is best for a start-up loan of a small business?
I am starting a new Dental Assisting School of higher education and want to know where to get the best financing for my startup business. I have been in this business for 9 years but I am not the owner. The school I work for has been in business for 20 years. And has done extremely well financially.
To obtain a loan a lender is looking to see your investment in the organization. If you are planning on becoming the owner, you may find that you have many options given you have been an employee. This is not a startup business so it should be easier to get funding if you are experienced.
You are going to need revenue/income and a plan to achieve it before a financial institution will take a serious look at this.