How can a minor obtain a business loan for a start up?
I like many other 16 year-olds, I do not have thousands of dollars to pull out of my pocket. However, I do believe I have great entrepreneurial skills. I think I have nice-looking layout for an e-commerce site that's being quoted at around $5,000 in addition to other expenses. Banks and everyone else are reluctant to letting you borrow money because you are not an adult so you can't sign a legal document. My parents do not have the best credit, and they don't want to put it on the line for me. I guess I am the only that believes I can be successful, but I am hoping there is an alternative way to get funding besides working at a minimum wage job.