Forums: Discussions for entrepreneurs and small business.

I was asking about loans on Digital Point.com being w/o a credit history and so on and my business idea.

I was contacted by a Angle Investor who owns his own business helping small internet companys get their start.

He stated he can either do a partnership or loan + interest.

When I asked more about the loan and interest he stated it is typicly around 10% with no credit history.

He stated for a loan I need the following...
a small business plan, meaning the idea worked out a bit and a small spreadsheet with a predictive income/expensive overview over 1 year

His main business is componence.com

How can I make sure this goes smoothly if I decide to take the loan?

Thanks for your time.

Do your homework - check him out.

Get references (satisified customers) and contact them

Have any legal documents reviewed before you sign them

 

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Business Growth Masters, LLC -
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Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

ok. Thanks

There are a lot of places where you can find sample business plans and such.  But do be careful.  Make sure you don`t end up paying  a bunch of fees for the loan.  Or for him to find you the loan.  I worked for a company that got taken for quite a bit of money by someone promising them angel funds.

Ok, I have been doing research for the past few days. Thanks