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    makingbaskets's Avatar
    makingbaskets Posts: 1, Reputation: 1
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    #1

    Aug 29, 2012, 08:53 AM
    Do you need good credit to get investors for a business plan?
    I would like so much to start my own business. I would like to open up a banquet hall for parties and meetings. After research, I hear it is best to develop a business plan. My question is do you need good credit after you develop a business plan in order to get investors or banks to give you money?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Aug 29, 2012, 09:34 AM
    Quote Originally Posted by makingbaskets View Post
    I would like so much to start my own business. I would like to open up a banquet hall for parties and meetings. After research, I hear it is best to develope a business plan. My question is do you need good credit after you develop a business plan in order to get investors or banks to give you money?

    Why would your "investors" trust you if banks don't?
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