Forums: Discussions for entrepreneurs and small business.

My name is Reuben and I am looking for someone willing to invest in my wife and I new Restaurant/Cafe. It is an American/Asian inspired Gourmet take-out Cafe,we have a business plan and proposal to share in detail with whoever is willing to work with us.Our credit score is somewhat low but there has to be a way to get a loan or find a investor,if anyone has any ideas please contact us.

in my opinion loan with bad credit score is not a good option so you just need a investor. with out some details it is not possible to find any investor.

Reuben,

Acquiring capital for a restaurant can be a challenge and getting a loan from a traditional lender for one with low credit score can be very tough indeed.

However, there are a number of possible ways to bring capital into a business. Choosing the optimum one for you will be the first big step toward success.

Without more details, I cannot suggest a specific strategy, however from experience, I've learned that one should not sound desperate. [It is a variation on the old axion -"never let them see you sweat"]

If you'd like to discuss your specific situation, feel free to drop me a line.

Can you provide some contact information?

How would I go about contacting you Mr.RobertJ

Reuben, I think Robert is right when he says that your chances of securing a loan with a challenging credit score are probably pretty dismal. Especially in times like this.

Moreover, restaurants or the hospitality industry in general are among the riskiest businesses there are, with very few start-ups being in business long enough to celebrate their first anniversary.

Since equity seems to be the only option that's realistically available to you, you have to quit wasting your time posting requests for funding on websites like this. This will not amount to anything, except that you may make a few contacts to professionals who are willing to point you in the right direction.

Securing funding for any business requires a precise plan and a lot of commitment. Instead of hoping that one day your investor will reply to one of your posts, you'll have to sit down, make a plan, and gather some insights on how to identify investors, approach them, and communicate with them.

It will require a lot of legwork, but it can be done. If you need a few pointers, please feel free to review our white paper on "How to reach High-Net-Worth Individuals with your Private Placement". This paper is available at

http://www.publications.fastventures.com/reaching-high-net-worth-individuals-with-your-private-placement

We put this white paper together while raising $4.5 million in Series A Preferred Equity for our distressed residential real estate investment fund. It's a step by step road map and decision-making tool. It even includes some of the marketing collateral we used to approach investors. It won't be easy and it will take time, but it's doable if you understand how it works.

If you have any questions, please feel free to send me a PM and I'll see if I could give you a few additional pointers.

I hope this helps.

Mark

Hi,

I appreciate your business idea and entrepreneurial initiative and what I think would be suitable for you are angel investor funds or even micro-VC funds.

I started my own business one year ago, my field is real-estate, and I contacted angel investors in my area. As I didn't know anybody that would personally refer me to an investor, I used a database of venture investor firms and angel investors and it helped me not only select the suitable capital providers, but also contact them (I emailed them directly, with the help of this software).

If you are interested in using such a database, and I'm telling you it is worth it, you spare considerable time and money, you can check VCgate angel investors database; use the trial version first, to see how it works, and if you like it, get the complete database. It's updated and it contains  more than four thousand investors.

I hope I gave you useful advice, good luck to you and your wife and hope your business will be successful! Mike.

First Time Buyer Mortgages

Couple of things you must mention in your pitch to a potential investor: 1) The experience you or your wife have in the restaurant industry, 2) mention an existing restaurant, similar to your own, that is doing well

Good luck in finding an investor