Forums: Discussions for entrepreneurs and small business.

I recently stumpled upon a good business idea that I feel can truly work. The only problem is the start-up cost, it is roughly 50,000 dollars. I know to the average business person thats a small investment, but for me being a college student and not having any capital to really go with it`s hard to find ways inwhich I can come up with the money. Does anyone have ideas that can help me get the start up money so I can get this great idea off the ground.  

Hey,

Where are you located? 

In New York

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Leslie
Founder and President
Charmed Life Products LLC
Grill Charms™… The MUST HAVE grilling accessory that is revolutionizing the American Cook-out AND The perfect gift for any occasion!
Grill Charms
                                                                                                    

Hey Leslie,

My credit is fairly bad because I havent really established a long credit history so the score is not that great. Do you believe SBA or SBDC will still give the business a chance even though my credit score is low? The business is more of a franchise than just a straight new business idea, so do you think because it has had success in other venues would that help me receive the funding I`m looking for.  

Listen,

This is not a scam or anything but someone who likes to see others achieve their goals.  If you are interested in some financing contact me via email.

Best wishes.
acunick

Since you are a student, if your mom or dad, or other family member has decent credit, they may be willing to sign for an SBA loan for you. Work out an agreement that they would be an angel investor and part of your advisory committee. If you do this though, do not assume that you can be lax because they are family. Create a full business plan to present to them to show that you are going about this professionally and it will also show them how serious you are about it and how serious that you are about getting them to invest in it. You will also need this for the loan. SBA will do an unsecured loan for up to $25,000.

Hey acunick
How are you? I first will like to say thanks for showing interest in my business endeavor. Whatever you can do that can help me would be greatly appreciated. As you might know I am fairly new to this so I dont know how to get in touch with you via e-mail, so if its possible can you give me the email address so we can talk in greater detail

Thanks

BMAC 

BMAC,

No problem, acunick@hotmail.com 

I have a filter on so reference this in the subject please so it does not get deleted.

Best Wishes

My suggestion is to get a proof of concept first. If you can't make the first dollar, then the idea is not worth it.

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