Ugh, money. 

Everyone is talking about money and how difficult it is to borrow money when you get out of college. 

Well, one way to get a feel for the challenge is to pretend you are the BANK with the money.  Then pretend that YOU come in to YOU for a loan. 

Let me get this straight, you are a new graduate, you do not have an income, and you are $120,000-$150,000.00 in debt with school loans.  You have car payments, cell phone payments, insurance payments, food etc to make and you have no income. 

Would YOU LEND YOU money? 

Of course not, so what is the next step in the process.  First look around to parents, uncles, aunts, cousin Joe who is in business, anyone who may have the where-with-all to co-sign for you.

Remember, YOU the banker wanted collateral, security, proof of repayment potential ... and so will your co-signer.  However, your relatives who have the possibility to help you secure a loan also have the ability to provide some early mentoring to you. 

If you engage them you will assuage their fears.  Spend time going over your business plan, make it realistic, doable, achievable, reasonable, rational and practical. 

Let your co-signer know that you are ready to work to do what ever it takes to become successful, you need a break and they can help. 

It is not easy and the only thing that is required is TRUST. They need to trust that you are genuine, honest and dedicated and that you will not violate their TRUST in you by not planning your work and working your plan. 

Reward them not only monetarily but with a lifelong appreciation for their efforts.  You can do it with the right attitude.