How to Find a Private Personal Loan Lender
- 1). Catalog all of your small business' financial documents, including business plans, tax returns and income and expense statements. The private personal loan lender will review these documents to determine whether your situation would make a profitable investment for the lender or the lending firm.
- 2). Contact the local small business chamber of commerce in your city, town or municipality. Notify them of your investment and capital needs. Many private lenders work with local chambers of commerce to find eligible investment opportunities. Your local representative will be able to point you toward local business capital companies that do private loans.
- 3). Attend business networking events and mixers. Bring your investment presentation and your financial documents from Step 1 and be ready to market yourself to potential investors and private lenders.
- 4). Contact the United States Small Business Administration (see Resources). The administration maintains a wide array of resources for small businesses and can connect you with private lenders. Personal loans obtained through SBA contacts are typically in specific sectors, such as technology and health care. However, networking with your local SBA representative can provide invaluable leads toward finding a personal loan lender.
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