I am wanting to start a small business out of my house . A embroidery business. I figure i need about 10k to start but where would i get the money ? A small business loan ?

-I'm 22 yrs old.

***Am I too young to be approved for a business loan?

-I am about 00 in debt (from medical bills only) but I have small monthly payment plans that I'm keeping up with.

***If you can prove that you are paying your debts off and that they are only medical related—can you still be approved for a small business loan?

***What is the minimum amount they usually give for a small business loan? What is the usual amount?

***When applying for one, do you apply in person, or on paper? Do you have a chance to show your business plans to the bank? Because I want them to know how profitable it will be, and how quickly I'd be able to pay the loan back.

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