Secured Small Business Loans

Has anyone got a loan to small businesses, less than $ 1,000? Where did you get it? Did it come from an angel investor (and if so, did they take a percentage of revenues from the sale, or what interest did they add a percentage)?

The loans are different than the investment. A loan will carry a specific interest rate to be paid within a specified period. It is not based on income from the sale. A return on investment is often based on income from sales (net profit).

$ 1,000? Too quick on the amount of most commercial investors. An angel investor? Dream On - you must have a dynamic product for that. $ 1000 is something you can use a credit card.

I went through the process for SBA loan of medium size ($ 20K) and has received investments from family and secured personal loans (which are easier loans to businesses). The SBA was established to provide you the most pain and anguish for the least return. I think, because officials do not understand the technology, they are more likely to approve a loan for a donut shop or a shoe store (which almost always fails), an idea of high technology. I never both with the SBA for any reason - I get an advance first credit card.

The most loans under $ 1,000 will be from a bank or your family and friends. Angel investors generally invest anywhere from $ 10,000 to $ 1,000,000 depending on the individual. They tend to invest in early stage of local firms in industries with which they are familiar.

If you can not get a loan from the bank to start saving or ask your friends if you can borrow from them.