Small Business Loan?
hi, hopefully someone on here can help me, iv been searching the web for info and just keep coming up against brick walls
my friend and i want to start up a photography studio together. we are both 21 and because of that we dont have any assets or credit status. we dont really want to have investors, because we both have a really clear idea of what we want, and how we want to do it, and dont want to change our plan just to increase profit for them etc. we need a quite substantial amount of about £20,000, so things like princes trust loans are out. all of the grants iv found need you to put forward at least some of the funds, which we just dont have. neither of our families are able to help us out financially, or with assests for loans.
iv been looking at small business loans from high street banks, but i cant find any information on if we would actually quilify because we dont have a credit status etc.
does anyone have any ideas, or know what we would actually need to get one of these loans, its driving me up the wall that i cant find any information. thanks.