Forums: Discussions for entrepreneurs and small business.

Ok Partner and I want to start a tourism floating project.

We went and did all the  leg work/ research.

Costs-income-profit-where to put it- full business plan.... ETC.

Found the vessal we need. Great deal.

We may have put cart before horse. We even secured legal help.

Here's the issue; the legal help has assisted us to put deal together to be backed and supported  by a casino. Hence profit now will certainly  not be an issue.

We have 1/3 of the money to get started on this.

Problem is our Angel investor dropped out the day the deal was pretty much put together for 200K.

Our project will afford us to pay back the 200K by next sept without a doubt.

We really don't want an investor but rather a loan for 16 months.

Of course we don't want to but if we have to then absolutely we would agree to some parts of ownership maybe during loan term that might be agreeable.

Any advice please we look like morons now and really really want to complete what we started.

Thank you

GR

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www.m4unow.com
www.365bizapps.com

Gina,

Sorry to hear about the investor dropping out. Unfortunately, these things happen even with the best legal agreements.

Based upon the information you have given, it sounds like there are a number of avenues to consider, but probably not a "bank loan" unless you have good credit and personal assets to pledge. The short time to profits could make some type of revenue share deal viable and attractive.

If you'd like to discuss your situation  in more detail, feel free to drop me a PM or contact me directly.

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

Thank you so much.

Truly appreciated.

Gina

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www.m4unow.com
www.365bizapps.com