The questions a a lending institution may ask are: How much money do you need? What are you going to do with the money? When will you repay the loan?
You will need to provide all financial records, length of time in business and projected goals. You may also have to share some personal information if you are the owner.
The nature of the business for a coffee shop would be classed as a small business. If you were drawing up a business plan or applying for a business loan, you would be asked to write the nature of the business for your coffee shop.
You would be able to go for information on applying for small business grant at www.grant.gov where you will find that there are many different types of small business grants that you may qualify for.
Contact the Small Business Administration.
You can try applying for a small business loan through a local bank or the US Small Business Administration.
Not any more than is involved in applying for a regular loan.
answering questions -sall business enterpriese?
can i get more points about a question asked that " describe the different between entrepreneurship and small business'
The United States government has a website called 'SBA' which stands for Small Business Administration. There is plenty of information on the site about applying for and receiving a small business loan.
To qualify for business loans from the U.S government, you have to have a business that is independently owned, and is not over the small business size standards as they do not give loans to larger businesses. It is the U.S small business administration that handles the process of applying for a loan. The requirements differ from the different loans, but some requirements are that you have to have a small business, operate for profit, demonstrate a need for the loans, and exhaust other financial options before applying for a loan at SBA.
If you are running a small business most cities and towns have a small business association you can go to to ask questions. Also check with other businesses in your area.
The US Small Business Administration is the go to place to answer all of you small business loan questions. The US Small Business Administration finds resources for small business owners to help achieve the small business goals. SBA does not provide the direct loan, but they are who backs the banks to do so.