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QT Enterprises Asks – “What Is A Microloan?”

Metro Detroit microloan company explains what a microloan is and isn't and what it means for your business.

(EMAILWIRE.COM, September 01, 2010 ) Detroit, MI – You hear the buzzword a lot in the media. In hip circles everyone knows it’s the cool way to get funded. Unlike traditional loans you do not need a perfect credit score to get any money. Also unlike traditional venture capital you don’t have to give away a portion of your company to get funded. Still, there are a lot of misconceptions out there about what a microloan really is. Because it is still relatively unheard of in Metro Detroit there are some natural skepticism about what this loan is and what it can really provide for the entrepreneur.

Microloans started out as a great way to get local businesses funded by going straight to local microloan intermediaries. This enabled the business owner and was a great way to build business in that community. This has strengthened communities, secured dreams and created a better life for all of those involved. This enabled entrepreneurs to compete on a local level in niche markets and have allowed new companies to emerge and flourish.

“A lot of people get caught up with percentages and rates and that sort of thing. The one thing you want to remember is that there is money here available. Each case is different depending on your credit history. The good news here is that there is credit available for startups as well as established businesses. We show you how to prepare to receive up to $50K” says QT Enterprises CEO, Tina Williams.

What kind of businesses can apply for this type of loan? You would be surprised. There are many different types of businesses that apply ranging from start ups, green technology, publishers, financial coaches, authors, entertainment, technical, filmmakers, and idea people from all walks of life. The big important take away moment for anyone wanting a microloan should be this – microloans are not like venture capital funds. The microloan lender does not take any percentage of ownership over your company when you apply. This means you get to spend this money on whatever you like including new equipment, new tools, payroll, building extensions, staff, software or whatever you like.

Get the full story on microloans and how it can help you achieve your dreams. Call Tina Williams directly and find out how to get a one on one meeting with one of the team members to see if this program can work for you. QT Enterprises 26999 Central Park Blvd STE 153, Southfield, Michigan, 48076 – call 248 233 4071 for additional information or directions. You can also visit them online at http://www.qtenterprises.net.

Contact Information:
QT Enterprises
Tina Williams
Tel: 248 233 4071
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