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How to expand the business?

How do I expand my business on OK credit?

  • I am in a bit of an odd situation. I am the owner of a two year old non-profit business. Currently, our annual income covers all expenses with $0 left over at the end of every quarter. The business does not own realestate and I would like to purchase property. I own my own home and have OK (not good, not great) credit and am only 22 years old. My husband has no credit. He has never had a loan or credit card in his name. Is it at all likely that I can get a loan from a bank to purchase property? My business has done very well and only shows signs of growth over the past two years and would grow even more if I had my own property. Any suggestions?

  • Answer:

    You need to make an appointment with a banker and get some guidance. You sound risky. The banker can give you some ideas, but you need good credit to grow a business. Concentrate on that and saving some money this year.

Erin H at Yahoo! Answers Visit the source

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