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Ralph4

posts: 37

Dec 03, 2007 2:55 PM ET Quote Report Abuse

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Lisa i`m also intrested in learning more about snaploans i am a
new user to startupnation but i did check the forum when you recommended b2b credit how did that work out for you. if any suggestion feel free to e-mail and gotsnacksinc@comcast.net i`;m just tryin to get startup capital for vending biz thanks.

Hi

My name is Ralph. I just submitted an application with www.thesnaploan.com. I am currently waiting to see if my loan is approved. It appears to be the online branch of a legitimate parent company based out of colorado.

If need more details let me know. I intend to keep the group posted on my progress.

entreplanet

posts: 36

Dec 10, 2007 12:06 AM ET Quote Report Abuse

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I would suggest borrowing from friends or family. It`s going to be really tough to get a loan at this point. What chapter did you file? Do you have backed taxes as well?

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Ralph4

posts: 37

Dec 23, 2007 6:51 PM ET Quote Report Abuse

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I would suggest borrowing from friends or family. It`s going to be really tough to get a loan at this point. What chapter did you file? Do you have backed taxes as well?

I have seen this suggested quite often from different financial consultants at different levels. However, as in my case, my family is just as strapped for cash as I am. On another point, I would hate to involve some of my family members in my financial woes for several distinct reasons.

I guess I`m they exception though, because I keep seeing this response.

robertj

posts: 1458

Dec 24, 2007 3:55 PM ET Quote Report Abuse

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Ralph4,

I can understand where you are coming from with involving your family in your finances and business.

FYI, a large percentage of start-ups receive some amount of early stage funding from sources within two "degrees of separation" - that is either directly from people you know or from people they know. This early stage capital is often referred to as the "friends and family round", but I prefer to think of it as tapping into your expanded network of connections.

Happy Holiday`s

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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

LaCremaCoffee

posts: 26

Dec 25, 2007 5:44 PM ET Quote Report Abuse

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Google "Prosper" and check it out. Better yet: http://www.prosper.com/ Iv`e been lurking and reading the site ....

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Ralph4

posts: 37

Dec 30, 2007 6:57 PM ET Quote Report Abuse

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Ralph4,

I can understand where you are coming from with involving your family in your finances and business.

Happy Holiday`s

Thanks for the information.

I understand your point. It is duly noted.

WHAT

posts: 4

Jan 06, 2008 1:32 PM ET Quote Report Abuse

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What is prosper.com and does it work? What are the other options?

MrMusicHead

posts: 43

Jan 19, 2008 1:51 PM ET Quote Report Abuse

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Prosper.com is a peer-to-peer lending site, the first and oldest in the U.S.

Not sure what you mean by `does it work?` Yes, you can borrow and lend money. I`ve done both. It`s a fairly easy process.

Other options include:

LendingClub.com

Loanio.com is opening its doors this month.

and Zopa.com is based in Europe and is coming to the U.S. soon.

Expect more sites too. I predict this is going to become a huge industry with much competition.

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