Comments for Used Catering Equipment

Comment on How can someone finance a restaurant if they have no money and mediocre credit? by Sliteofhand

Sliteofhand — Sat, 23 Oct 2010 21:00:56 +0000

!st things first.
Don’t invest heavily in an unproven idea.
Rent a space and get some used equipment and open a small restaurant and then if it flies and you know others (besides family members) really like it then you take your idea and your work records to a bank or other lending association and make application to buy your building based on your success with what you want to sell.

Comment on How can someone finance a restaurant if they have no money and mediocre credit? by SmartA$$

SmartA$$ — Sat, 23 Oct 2010 21:00:56 +0000

In order to obtain a business loan, you have to invest some of your personal money. Plus, you need to lay out a viable business plan that shows the bank that you have studied the situation and have realistic plans for developing a profitable business.

Comment on How can someone finance a restaurant if they have no money and mediocre credit? by Ed Atun

Ed Atun — Sat, 23 Oct 2010 21:00:56 +0000

You would need 20% down and good credit. Otherwise you will be paying 18% interest to one of the lenders you find in the classifieds of the newspapers. Best bet is to get friends and family to invest in you..