There are any number of ways to bring capital into a business. Some are not appropriate for a startup - while others are. Finding the optimum capital strategy for you depends upon your situation. At the $150K level, you`re really not a candidate for VC firms.
Your offer of 12 -15% is a "tweener" - a bit high for debt but low for an equity deal.
If you `d like to discuss your specific situation, send me a PM or contact me directly.
Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan
and QuikStart Capital Programs