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how do i find money to start a resturant buisness being a single mom with small amounts of money?”

5 replies so far...

  • The first thing you need to do is check your credit. Make sure your credit is stable enough for you to qualify for a loan. Next, check with your local bank. If you've established a relationship with them, they should be the first stop. Also check out Make Mine a Million and Count Me In. These are both organizations for women. I'd also take a workshop on obtaining financing from the SBA. See if any relatives or friends would be willing to loan the money (of course with a legally binding document complete with interest and payment arrangement documented). You may also look for angel investors (but I'd do some thorough research before taking this road).

    Hope this helps.

    Flag as inappropriate Posted by Adrienne Graham on 9th March 2008

  • what kind of companies would i look under to call for a loan ?i live in montreal canada?

    Flag as inappropriate Posted by mara on 13th January 2008

  • Contact your local Chamber of Commerce, Economic Development Agency &/ or Planning Office (last 2 are government agencies - usually at the City or County level) There are tons of grants and low interest loans available you just need to be creative. Consider attending business mixer events sponsored by Chamber or local Rotary Clubs - these are generally filled with business peopel that knw the ropes adn have contacts. Don;t rule out small independent banks - thy often have more flexibility than the big corporate banks.

    Flag as inappropriate Posted by Pammy on 12th January 2008

  • You could also approach SBA -they have a program targeted at women! Best of luck!

    Flag as inappropriate Posted by Victoria on 10th January 2008

  • I believe there are several companies who give start up loans to women entrepeneurs. You could start out asking a local bank or do a google search. :) Good luck!

    Flag as inappropriate Posted by on 10th January 2008