This business loan application was from Ontario, California, and the business owner requires funding for upgrades for their Internet (Online Business) and for Green upgrades (Solar, Wind Etc.). The Going Green aspect may make them eligible for some sort of Federal Government loan, so that plays here too.

They need a small business loan for $10,000 to $15,000 dollars, which is quite modest if you consider the reasoning below for the loan. However, we just can’t tell because every business, and business owner has different priorities and different market reach.

 This is a young female entrepreneur, and it sounds like she has a viable business model. We encouraged her to research Government grants, and local State funding for her business model. We will be seeing more and more of these kinds of small businesses reaching out to willing lenders across the United States – online and green technologies are the future – regardless of our individual opinions and biases.

Type of Loan —-> Business Loan

Why do you need a loan? —-> To purchase inventory to have on hand so orders are processed faster, and we can ship them directly, instead of having to wait for items to first be purchased, before we can order them from the manufacturer and then ship them to customers once we have received them here. Become incorporated in California, get good insurance. Would like to provide delivery for local purchases, for marketing and advertisement. Want to purchase Going Green upgrades, like solar lighting and heating.

If for Business, tell us a little about your business —-> Online store, offering discount, next to wholesale pricing for manufacturer original brand name products.

How Much Do You Want To Borrow? —-> Between $10K – $15K

Length of Employment —-> Over 2 Years

Time at Address —-> Between 3 – 5 Years

Age —-> Over 25

Anything else that would help us get your loan approved —-> Have already made several successful sales. Have regular customer base. Have already done the research for implementing going green plan, have marketing and advertisement research completed just need to be funded. Have completed all the necessary steps to achieve the goals I wish to reach with my business, except where funding is needed.

Sex —-> Female

Marital Status —-> Single

Ever Claimed Bankruptcy? —-> No – never

What State/Province is your primary address in? —-> Ontario, CA

Have you checked your credit report lately? —-> No

Would you consider your credit rating to be? —-> Fair

Collateral? —-> No

Down Payment? —-> No

Do you a have co-signer or co-borrower? —-> Yes

Experience, Background —-> Internet sales, Owner, Entrepreneur. I  have already owned and started up 3 successful businesses that I later sold. The previous businesses I owned were a tire shop, a vending machine company, and a hoist repair and installation service.

Update: This small business owner succeeded in getting approval for a $35,000 dollar loan from a private lender who has vision and guts.