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Is it easy to get an SBA loan? I'm a woman.?



I'm a 23 year old woman and I want to start an art gallery. I have bad credit though, can I still get an SBA loan?

First you need to pull all three of your credit reports just to see HOW bad your credit is

Use
http://www.annualcreditreport.com...
to do so.

Check the reports for errors or items listed that shouldn鈥檛. Removing such errors can increase your Fico score quickly

Use
http://www.myfico.com
to see where you stand with the creditors

See the SBA official site for different loan programs 鈥?Pls stay away from those low budget agencies and sites 鈥?they will bring more harm than help

http://www.sba.gov/services/financialass...
Depends on exactly how bad the credit is but usually you have to have pretty good credit. That would be the first indication you are actually capable of running your own business and have a sense of responsibility.

To even apply you need to have a VERY detailed business plan.
Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved on<!--bad credit, you must know to how to confront it. Of course, Even if you have bad credit, you can get loans. Many factors can contribute to someone getting a "bad credit" rating, among these are non-payment of an account or late payments over an extended length of time. You may find a bad credit loan here,

http://badcredits.awardspace.com/...

You may find want you want. You can easily be labelled as a bad credit risk by financial companies. This can make it more difficult to-->arrange loans or other finance, and usually means you will pay more interest on any loan you take out.
If you are individual, who has an entrepreneurial spirit, you can easily get a loan offered by the federal government. This loan allows you to start a small business. The department of Small Business Administration (SBA) acts as a guarantor for these loans. These loans are provided by banks or financial institutions. Very rarely, the SBA provides the loan directly.

Along with the SBA, certain other government agencies provide financing to small businesses through loans and grants. To avail of this loan, you have to submit the business plan that you have chalked out along with your abilities to indicate that you can handle the business properly. Your credit score should be high to get the loan. The lending authorities check your credit ratings before approving your loan.
http://debts-to-wealth.com/category/gove...
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