How to Get a Small Business Loan

I personally took a business plan for a nightlife company to this place along with a cofounder who had a 680 credit score and was approved for a $30,000 loan through a credit union.

There are Small Business Development Centers set up by the Small Business Association everywhere across the United States.  They will help you make a business plan, read it, and even shop it out for business loans.

I don’t know how, but contrary to Adam Hoeksema‘s advice, my business plan outlined a technology based business that didn’t make its first sale and the owner still had another day job.  I mean, normally these types of companies don’t get funded, but a credit union picked up our business plan.

Originally posted on Quora.

Leonard Kim is Managing Partner at InfluenceTree. At InfluenceTree, Leonard and his team teach you how to build your (personal or business) brand, get featured in publications and growth hack your social media following.


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