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    pytcol1's Avatar
    pytcol1 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Apr 8, 2013, 12:39 PM
    How do obtain business loan
    Being convicted felon I want to start my own stereo installation business and I am trying to obtain a small loan . I am wondering how do I get a loan having a criminal record.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
    		  
    #2

    Apr 8, 2013, 12:42 PM
    You apply for a loan like everyone else. I am not aware that lending companies ask about criminal records.
    odinn7's Avatar
    odinn7 Posts: 7,691, Reputation: 1547
    Entomology Expert
    		  
    #3

    Apr 8, 2013, 12:45 PM
    Usually with a business loan, you need some sort of written business plan for the bank to see that you have thought out and have a well rounded plan for the use of the money. Go in to whatever bank you plan on using, ask them about getting a business loan and they will tell you all that you will need to do.

    As was already stated, rarely do they ask about criminal records for a loan.
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