Your Questions About How To Get A School Loan From Bank
Daniel asks…
Once I’ve been approved for a student loan from a bank, about how long would it take to get the money?
Once I’ve been approved for a student loan from a bank, about how long would it take for the money to be deposited to the school or my bank account?
Joe answers:
Once your application has been approved, they will send you a declaration form which you will need to sign and send back, then you should receive the payment roughly 9 days after they receive it.
Jenny asks…
How to get a temporary loan from your bank?
Hi all,
What are the necessary steps to getting a temporary loan from your bank as a safety net for cost of living expenses? I just had an internship conclude and am currently unemployed and searching for a job to last the summer and perhaps during the school year. Should I get a job first so I know an income (will they ask me about that?). Should I also include student loans totals for the year (I will be a full-time student in the fall)?
Joe answers:
A bank will not give you a loan while you’re unemployed. That would make their chance of getting paid back too risky for their liking.
They are unlikely to loan against your future students loans.
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Mark asks…
how do i get a grant for business and restaurant where do i start first do i get a loan from the bank?
i need help to starting a restaurant business i dont have no money for nothing i dont no how to get a business grant some body tell me shounld i get a loan from the bank in how mush shounld i get. tell me step from step and if somebody no about grant tell me who shounld i talk to. one thing i did not finsh school help me i got my worker ready to work.
Joe answers:
You need to set up a purchasing plan. I suggest you write it down and then enter all the expenses into a microsoft excel file or something that looks professional. A purchasing plan will be a form or paperwork that lists all the money you will need, what you will need it for, what products and materials you will need to purchase to start your business, and also what those same things will cost you each month and how much you plan to profit each month and year. You need to write out this plan, maybe get a business lawyer to help you (I know you have no money, but maybe you should wait until you have money for this to make sure its done right if you dont know what you are doing) and then present that purchasing plan to a bank or loan counselor. Nobody can tell you how much you will need to start a restaurant business. Depends on how big your restaurant will be, what type of building you want to buy and what state or country you are buying it in, how many people you will need to employ, what type of food you will be serving and how much those materials/ingredients/tools/machines cost, advertising costs and how big or small you want to advertise etc.
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