At the scale you're looking at I'd start by making stuff with your home oven, unless you've spent some time working in a bakery and know 100% that that is the industry you'd like to go into professionally, taking out a loan for an industrial oven can throw a wrench in your future plans if you decide you'd rather do something else/the market for your goods isn't there. (when I was landscaping my loan was for materials that i'd resell to the customer, so rather low risk there)
I want to get a bigger oven mainly because I have to bake enough to sell in a relatively short amount of time, plus I'll likely have several different kinds of products I'd want to make at the same time, not all of which may require the same baking temperature (though I've noticed a lot of baking takes place at around 350 degree F).
Baking does interest me, though you're right in that I probably shouldn't make quite so large an investment so early. I've read that you can make home-made ovens for very cheap, or even free in some cases, and could be a fun project to work on, though it would probably take awhile and I don't know how to go about planning it (my dad could help with that, however).
Another angle you could take is to work something out with your local grocery store, assuming they don't have an in-store bakery department you could see if they'd be interested in stocking your goods. There may be a local restaurant that would be willing to rent out their oven to you on weekends or something (paying rental the first few months would help minimize your personal investment. There is a growing demand for locally produced foods, which is something that you could try to tap into.
These are all intriguing ideas which I had thought about before vaguely, though the grocery store does have an in-store baking department unfortunately, and I don't know why any manager of a restaurant in their right mind would NOT be using their oven over the weekend.
That demand is actually exactly what I wanted to tap into.
Your school administration might be supportive of you doing this as well if you talk to them about it, they may give even let you do it as a self directed class, give you credit and use of the school kitchen equipment if you come in with a well thought out presentation.
The use of school kitchen equipment has occurred to me, but I had never though of getting credit for it. I HIGHLY doubt they'll do that, but it is an intriguing idea. The use of school ovens would help a lot in many ways, though I'll probably need help with the presentation.
With a personal loan it is a loan that you take out in your own name without a specific purchase to be held in collateral. (when you take out a mortgage or auto loan the house or car you purchase is held as collateral if you become delinquent.) I would only recommend you do this if you have some other source of income that can easily pay it off if your plan goes bust. Remember this is your own money you're putting up against the loan, no matter how free it seems at the time.
Quite true... I suppose my dad could supply a good amount of funding and support if I showed him I really meant business and his wife didn't throw a hissy fit for no good reason like she oh-so-often does.