Can I get a business loan?

[andrila1234]

Hey, I am wondering if you get a small business loan if you claimed bankruptcy before. I want to try to get a small business loan soon but I have declared bankruptcy a couple of weeks ago. I make a monthly payment, pay on time, and now I need a business loan to start a new business. Would I get rejection because of the bankruptcy? If so, where could I go to get financial assistance to start a small business?

[Froggy]

Re: Useful Debt Publications

Andrila, are you discharged or not?

[enaid]

Re: Useful Debt Publications

I doubt it froggy, only declared a couple of weeks ago.

[Froggy]

Re: Useful Debt Publications

Enaid, while the answer to me seems to be a straight NO, I thought I would get more information because dependent upon what the answers are can depend what advice can be given.

[Amy]

Re: Useful Debt Publications

What payment is made every month?

I am sure you will be able to get a loan from somewhere, but the interest rate will be very high and you should be very careful.