Amy
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none. you can't sign a contract and it be legally binding until you're 18 years old. no bank will let you since a loan is a contract to repay. |
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Danny
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$0
-EDITED-
YOU DONT NEED TO POST THE SAMETHING AS SOMEONE ABOVE YOU HAS.. |
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Not 2nite...Im not in the mood!!
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You cannot get a loan until you are at least 18...sorry!!! |
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ASDZA’NI
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You have to be 18 to enter into any legal contract for a loan and the loan company would have to have proof you will be able to pay back the loan.
Just have your mom loan you the money.
Loan companies charge too much interest and you end up paying back more then they loaned you. |
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Foxy Roxyy
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you can't get a loan a 14. but its nice to see how driven you are. perfect the plans now and when you are 18 put it into action |
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CinderBlock
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you're too young to enter into a contract, period. your mom would have to get the loan. |
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drphilstuddles
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a 14 year old? they might give you a dollar if you ask nicely. |
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artz12grl29
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Nothing. You are too young to get a loan. You have to be at least 18 years of age.
Go get a job, shovel snow, mow loans that sort of thing to get some money |
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WeLoveOur3
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you have to be 18, even to have a co-signer. you cannot make legal contracts with a minor involved at all. |
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Vissy A
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None by yourself, and it depends on your co-signers credit, and how MUCH credit they are using of the credit they have. Banks are paranoid these days, saving up instead of a loan would be better, but take longer.
http://www.clarkhoward.com has real-world advice.
http://www.daveramsey.com will help you manage your money and avoid severe trouble most people have - mostly by bad advice from "experts"
Your best bet is to risk someone else's money, not your own.
Note that MOST businesses fail within the first two years.
You also have to file tax estimates and pay them quarterly.
I would file as a subchapter S corporation to protect yourself, but this wont protect the loan.
Note that you should talk to an insurance agent for advice on security, and NEVER ASK A LAWYER for business advice. They are taught in law school to always tell you it is a bad idea, to remove any liability.
If you're running this business out of your parents' home, they may need extra insurance depending what it is.
Good luck to you, this is what pays off in the long run, RISK and HARD WORK (but is usually punished by taxes on your business). If you fail, try again! You will learn from your mistakes and be better next time.
EDIT: See if you can get a sponsor. Ask a local business if they would be willing to work something out with you. I did this as a kid and had a local pizza place's logo and phone number on my race car. They gave me $50 every race I was in, and $100 if I won. They also gave me a stack of coupons for 50% off a pizza to hand out to my friends...these coupons were used a LOT and my sponsorship went up to$75 a race |
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r_setta
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u cant get a loan u gotta be 18 if not one of your parents have to get the loan and then just give the money 2 u |
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Verwah
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There is not straight answer for this question There are too many variables. Banks issuing loans look at credit history and income to determine loan amount and interest rates in some cases. Since you have no credit history because I doubt you have ever had a credit card, or a previous loan, Your mother will have to be the one responsible for the loan that you want. |
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likeomgwhateverdude
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not at 14 |
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Chris M
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0 |
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dilloa91
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Your probably not going to get a whole lot of money since you probably dont have a job and are not a reliable source to pay back a loan. In times of financial stress like this, banks prefer to lend to people who will more likely pay back their loan. |
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jessi
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even if the economy were not total crap right now, you would be hard pressed to find anyone who would give a loan to a 14 year old with no credit. |
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love_is_absurd
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ZERO, you need to have a credit history for a loan and this will only start when you reach adulthood |
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?
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If your mother co-signs, your age will have nothing to do with the amount you get. It will be based on having a viable business plan, and more importantly, on how much collateral (such as her house) mom is willing to put up. |
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Alex L
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wow, well depends what u need a loan for, probably not much though. |
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Jesâ„¢
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a 14 year old can't get a loan considering you have no credit.
but your parents could get a loan for you.. |
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just me
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0 you have to 16 for any loan and have a guarantor. |
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Chalfont Battenburg III
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Nothing. It is illegal to make contracts with minors (under 16 year-olds). |
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