Forums: Discussions for entrepreneurs and small business.

Hi there,

I dont recommend VC, first of all VC`s are interested in this level of investing, and you wouldnt want them to be anyway, as most of your company would be given up in terms of equity and then what is sense of being an entrepreneur. Working on the business plan and having a really great one is a good first step, but you need all the other things in order to raise the funding you need (in terms of loan funding). If you put together great plan, it makes sense, projections with merit (based on what we do know about industry...similar businesses etc) then an angel would be an idea. I would try friends, family as a business partner, a business partner with some collateral or good credit and even trying for a microloan program...if you have good credit some banks will lend up to 15,000 in special programs.

best to you! All is possible, just takes timing, patience, and putting yourself in a good place to be able to receive what you need to make your forthcoming business a success.

lisa

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lisa@theideaanalyst.com

just make sure that you have good credit...all i have to say heh

We all know that getting a business loan from bank with a bad credit is not that easy as it seems. However, you shouldn't get frustrated as there are several private firms which are ready to provide funding to your business.

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