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- Jul 23, 2008
does anyone know the best method to go about borrowing money for a small business that is currently being formed? all of the banks that i have talked to so far (chase, wells fargo) only borrow to companies that have been in business for at least 2 years (so they aren't down with start-ups). a lot of the business bankers recommended talking to the city but i've heard it takes forever to secure a loan and the project i'm working on is pretty time sensitive.
any advice would be greatly appreciated. and for reference, the business will be based out of los angeles, CA. if anyone has any experience with small business loans in LA, please chime in. thank you!
any advice would be greatly appreciated. and for reference, the business will be based out of los angeles, CA. if anyone has any experience with small business loans in LA, please chime in. thank you!