I know the dilemma
and I have some suggestions for financing. I suggest you become a corporation.
Why? Well let me tell you…
A corporation is its own identity. Meaning loans, debt etc
are given to the corporation not to the principals.
Now hold on now it’s not just as simple as incorporate and
money is easy to get.
You will have to build up a credit file just like a person.
There are several companies out there who can help you build a business credit
You should apply for a DUNS number that is free and will be
used for investors, banks etc to use when deciding to loan or not to loan.
You can go the PPM route which is you 15% to 40% of your company
to private shareholders. You will need a business plan so make sure it is
accurate, and verifiable. There are several companies who will help you file
for this and they get paid on the back-end meaning they get you the money and
they get 2% - 5% of the final total of money.
If you are women there are several minority grants the government
offers to help minority business owners. Do a grant search online.
Also there is some angel investing networks that only do
A simple search for angle investors should reveal the links.
I would suggest looking at the SBA and SCORE websites for
some helpful advice and I think they will review your business plan for free.
You can scale down your business plan open up a home daycare
or partner with someone whose home you can use build up your clientele and
business bank account until you can get a smaller loan, or self-finance the move.
I hope this helps, good luck-