Is it true that banks "throw money at graduates", if so, where!?

Question

I'm a recent graduate and seeking finance to set up my own sandwich shop so need this money i've heard so much about

- any tips where I can get finance or which banks are best for giving it out?

thanks!

Answer 1

Banks "throw money" at undergraduates because they are more likely to be high earners and have less financial trouble after uni.

They dont want to invest in graduates who want to open businesses ( you'd have to see if you could get a small business loan but they'd want to see all your proposals ( a bit like dragon's den)

Answer 2

Well not really.

But I would try a credit union because they generally have some kind of student account, loan and etc. as well as graduate services. Although your interest rate may be really high.

Answer 3

Start with relatives .. Parents, (older) Brothers & Sisters, Aunt's & Uncle's ..

The Banks will demand some sort of security or a 'guarantee' .. since it is unlikely you have a house you can use as security they will want some-one else as co-signer  .. so chances are, you will end up with a relative as a business 'partner' anyway ..