Author Topic: Small Buisness Loans Start Up Info  (Read 1978 times)

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Offline petesopizza

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Small Buisness Loans Start Up Info
« on: February 13, 2007, 06:17:05 PM »
As someone who has never navigated the SBA loan process any pointers and required reading tips would be greatly appreciated espicially the Buisness Plan. I have 3 years experience managing (Mostly Kitchen but some FOH) a casual dining (I want my baby back baby back...) restaurant $60k+ per week store so I am familiar with p&l ordering systems, hiring etc... and have always dreamed of a pizza / sub shop. I am at the point where I am tired of putting in the 80+ hour weeks for someone else and would like to do it for myself. I have an awesome dough and sauce recipe as well as sandwiches and meatballs etc... I am currently researching start up costs and location. Have found a defunct restaurant in a strip mall that gets about 50,000 car traffic and is near 2 military bases. The owner is selling all equipment for $40,000 but I could probably get it a lot cheaper. Rent is $2000 a month. (Heard about it yesterday so this is all I know at the moment). I'm going to talk to him tommorrow about what equipment he has etc... I posted this at PMQ also if it looks familiar  ;D

Thanks,
Pete
Someday I will make money from this obsession.


Offline rdb

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Re: Small Buisness Loans Start Up Info
« Reply #1 on: February 13, 2007, 07:29:24 PM »
Just contact your local SBA office. Make an appointment at the local SCORE office first...They make good conduits to the SBA.  Remember, SBA does not make loans.  They only insure the Private Bank Loans.
  I live in a rural area. The rents in this one horse town are 1600  a month, with 10% of the traffic, and possible customer base that you have.  40, 000 for a pizza shop sounds like a steal!

Offline PizzaBrewer

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Re: Small Buisness Loans Start Up Info
« Reply #2 on: February 22, 2007, 08:09:16 AM »
See if there's a Small Business Development Center (SBDC) near you.  They're usually at a college or university.  It's a fantastic resource, they'll help you do your business plan, they have info on all loans available (state, county, local econ. development loans, SBA, etc), they help you apply for loans, etc.

---Guy
Man does not live by bread alone.  There's also tomato, cheese and pepperoni.


 

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