Government Loan for Business

… and I have no clue where to start. I have been taking photos for about 10-12 years now and for the past 4 or 5 I have been selling my work, displaying, and photographing weddings & portraits. I desperately want to start my own studio/business. It is my dream.I know i need to pay of my debts but i cant get ahead. Here are the problems though.

A. I have really bad credit. I have 2 credit cards that total about ,000
B. School loans will own me till i die. I owe ,000 in school debt!
C. I have no funds to start it a business and would like to know about government grants & or funding.

Someone please help me. I am 29 years old and have recently quit my retail job and am in high hopes of finally doing something with my life and loving it at the same time.

FAFSA app has 7 criterions one must meet in order to claim independent status. Most students parents raise them to be independent to handle their own college costs so the parent(s) can save for their retirement. It is so easy for the government to say its the parent’s responsibility to pay their child’s education; but the schools & the govt have a business relationship with each other in order to stick parents with even more debt for the sake of educating their children. As a parent, I taught my child to be financially responsible and independent because I have to also save for my retirement. At 18 years old, a child can apply for credit, rent apartments and apply for car loans. Why can’t the same child apply for school loans under FAFSA? Esp. under the circumstances the parent(s)saving for their retirement& not be dependent on their kids in their elder years. The DOE is such a joke because it appears to give grants to schools to help students only to issue $$$ loans and a grant!

-owned corporations aren’t deliberately making bad loans because mortgage loans are government backed and this would allow them to steal from the U.S. Citizens via organized crime? China has threatened to sell off U.S. Treasury Notes and U.S. Bonds and we know many foreign corporations own business in the U.S. A. and contract with the government. Isn’t this tantamount to treason on behalf of the U.S. Government and literally taking money out of the hands of U.S. Citizens? Why should we bail out the stupidity of the subprime lenders? Do they bail us out? No, they simply take our houses and our money. We’re still paying for the S&L bailout. I say let them sink. I don’t give a rat’s butt what happens to them. The U.S. Citizens will rebuild and will save the country — not the government — it can’t even do its job as is evidenced by the failure to ensure safe infrastructure, safe food, deal with illegal immigrants etc. Why not let the business pay for its own mistakes?

WHAT THE…???

http://www.grants.gov/aboutgrants/eligib…

"Small business loans and small business grants may be awarded to companies that meet the size standards that the U.S. Small Business Administration (SBA) has established for most industries in the economy. The most common size standards are as follows:

500 employees for most manufacturing and mining industries
100 employees for all wholesale trade industries
million for most retail and service industries
.5 million for most general & heavy construction industries
million for all special trade contractors
{content}.75 million for most agricultural industries "

Does the US Government Ignore the TRULY small businesses?
I was shocked to learn of this criteria to qualify for a SBA loan

Hey

I am doing this article assignment at school, and I need help. My teacher wants me to state why & how the article is related to business. The problem is I can’t seem to see the difference between how and why. If you could help me it would be great.

Here’s the article http://www.thestar.com/printArticle/515349

This is what I have so far (you dont have to read it, as I understand that it is extremely long)

How the article is related to business?
This article relates to business in several ways. Firstly, this editorial revolves around general Canadian economics, illustrating that the increase in the quantity of loans and mortgages will benefit the economy immensely. In addition, the banks now have more money and are less leveraged. The Canadian banks are now considered less of a risk and can borrow at a better rate, as a result of this plan. The increase in credits is correlated with the consumer purchase power, as consumers will have more money. Will a higher loan and mortgage rate, people will be able to afford more things, which as an affect will bring more money into businesses. When more goods are sold, more taxes will be collected by the government, thus bettering our economy and decreasing the risk of an economic slump. In addition, an increase in the quantity of business will be seen, as individuals will have the ability to obtain money to start a business. With this happening more money will be brought into our economy which will affect it for the better.

Why the article is related to business.
Why this article relates to business, is that without the loans and mortgages a vast amount of people will not have enough money to purchase goods and services, which greatly affects the supply and demand curve. If consumers are able to obtain more money through the loans and mortgages they will want to buy more goods and services which impacts the demand by increasing it. This pattern is the same when it comes to supply. Sellers and producers will provide more of good and service when consumers have more money, as then they will be able to afford more goods. This illustrates the dominion affect, as one thing can lead to another. For instance, if consumers are buying more houses as a result of obtaining more money, more furniture business will be supported thus helping our economy. When supply and demand goes up, business are able to make more money which demonstrates that with more loans and mortgages business will have a higher success rate. Furthermore, banks can give a better rate to consumers, and big corporations who provide jobs for others, therefore benefiting the Canadian economy. However, this increase in loans can lead to another economic crisis. Banks may give loans to people that do not have the ability to afford it, and the interest rate accompanying it. When many consumers cannot pay the bank back, a negative impact will be seen on the economy; additionally, consumers will spend less in order to posses more money, which again takes a negative toll on the economy.

Thank you so much

In the US, many students borrow thousands of dollars to attend college or trade schools. In many, many cases, the amount borrowed cannot be paid back for decades, because the student graduated from a program that is low-paying in comparison to the enormous debt. And most of these debts are "government" loans, which cannot be discharged in bankruptcy.

Should the lenders be required to consider the pay level of the graduated student in making the loan? Should they only be able to lend the amount that a student could repay over (for example) 5 years, making payments of 10% (for example) of their pay?

http://www.nytimes.com/2008/08/24/business/24loans.html?_r=1&em&oref=slogin

Where’s the love, cbjack? I’m not sticking my nose in anyone’s business, I’m just asking what this community might advise to resolve this problem. No one seems to be benefitting under this current system–the loans are never paid back and the student lives with the effects of crushing debt.

Do you have an answer?

I appreciate the UK point of view. How do other democratic, capitalist countries deal with the expense of education after high school?
I see your point Randy. I had to work my tail off to avoid college debt. If we want an educated population, maybe it shouldn’t be so hard. And I was wrong before–the "schools" benefit from the student loan system. They get students to borrow for junk degrees, and the loans are government guaranteed. So the government ends up paying the school or lender for a student’s degree, but the student is never let off the hook. If the student had to pay for it themselves, they might pick a major in demand in the market place. Thoughts?
witwhat – I’m confused by your frequent quote marks around "civilized" because I don’t see where anyone else use that word here.

Many, if not most, degrees have value and people from other countries want to study in the US to get them. But many of these loans are made for things like "culinary academy" where students pay ,000 to qualify them to peel potatoes.

Is that a scam? And if it is, should the federal government be footing the bill?
witwhat – I’m confused by your frequent quote marks around "civilized" because I don’t see where anyone else use that word here.

Many, if not most, degrees have value and people from other countries want to study in the US to get them. But many of these loans are made for things like "culinary academy" where students pay ,000 to qualify them to peel potatoes.

Is that a scam? And if it is, should the federal government be footing the bill?

Since all of this was created by the government.Allowing financial institutions giving people loans they could not afford & then sell them off to another institution who was left holding nothing but a worthless piece of paper.Now the government is trying to bailout these companies & institutions & the C E Os are sitting their bonus before they open for business or prove themselves to be worthy of it.What a rip off & the tax payer foots the bill.

I am interested in starting a bed & breakfast in Vermont, and am interested in applying for a small business loan or some type of government grant to help get me started. I was thinking there were specific grants/loans geared toward women interested in starting their own business? Any suggestions?

The .7 billion they claimed they used to "paid back" the loan with was just other bailout money the government had given to GM.

Not only that but the government has given GM billion in bailout money so a .7 billion dollar payment is nowhere near paid in full like the TV commercial is trying to sell us.

Why are we being lied to about the GM bailout? The government still owns 61% of it. Who is lying to us & why?

http://articles.sfgate.com/2010-04-21/business/20859731_1_loans-fuel-efficient-vehicles-automakers

http://www.foxnews.com/politics/2010/04/23/gm-hot-water-ftc-truth-advertising/

constitution rules: Not if you still owe me .3 billion dollars like GM does.

I am a single mother, with an income of 7,200.00 a yr. I would like to own my own Bed & Breakfast of course i do not own my own home. I was hoping to learn information on Government help?