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    nightstarr's Avatar
    nightstarr Posts: 4, Reputation: 1
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    #1

    Feb 24, 2008, 06:16 PM
    Small business start up progams for convicted felons
    Are there any known government programs to assist convicted felons in starting a small business or buying into a franchise ?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Feb 24, 2008, 07:45 PM
    No, there are no progams just for felons, and few programs for buying a business, there are tax breaks for employing enough people, some grants for starting a business in depressed areas or special areas of reasearh, but not enough to pay for all the start up, you will still need loans and personal investments
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #3

    Feb 25, 2008, 02:41 AM
    What kind of business is it that you are wanting to start or franchise that you are wanting to buy into? Knowing those things would make a difference in the kinds of answers that you will receive here. There are different ways of approaching how to initially fund starting a business depending on what the business is going to be.
    nightstarr's Avatar
    nightstarr Posts: 4, Reputation: 1
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    #4

    Feb 25, 2008, 09:22 AM
    Quote Originally Posted by Clough
    What kind of business is it that you are wanting to start or franchise that you are wanting to buy into? Knowing those things would make a difference in the kinds of answers that you will receive here. There are different ways of approaching how to initially fund starting a business depending on what the business is going to be.
    I currently have a small home improvement company. I am looking to buy a power washing franchise, with state of the art equipment, which will allow me to expand my services to homeowners as well as commercial customers.
    nightstarr's Avatar
    nightstarr Posts: 4, Reputation: 1
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    #5

    Feb 25, 2008, 09:25 AM
    I currently have a small home improvement company. I am looking to buy a power washing franchise, with state of the art equipment, which will allow me to expand my services to homeowners as well as commercial customers.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #6

    Feb 25, 2008, 09:49 AM
    Hello night:

    Exconvicts aren't real popular these days. Nope, they don't want to make it easier for you to succeed. But, they don't want to make it harder either.

    You're going to need to seek conventional financing for your project. The franchise people should finance you to some degree if they think it's a good deal.

    excon
    nightstarr's Avatar
    nightstarr Posts: 4, Reputation: 1
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    #7

    Feb 25, 2008, 12:47 PM
    Thanks buddy appreciate the love
    jvolkan's Avatar
    jvolkan Posts: 2, Reputation: 1
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    #8

    Feb 25, 2008, 05:43 PM
    Are there any assistant programs from the SBA for felons trying to start there own small business?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #9

    Feb 25, 2008, 06:03 PM
    Hello jv:

    No. Read the above. Nobody likes exconvicts.

    excon
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
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    #10

    Aug 20, 2008, 02:08 AM
    Thread is now old and has had sufficient responses as well as dialogue in it. New questions concerning the topic of the original question are welcome to be posted by asking new questions by starting new threads.

    THREAD CLOSED.
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