Forums: Discussions for entrepreneurs and small business.

Hello, My name is Meeka. I am a new restauranteur who is seeking start-up capital and eventually franchise capital. My partners and I have funded 80% of the business ourselves and are seeking an investor to complete the project. We were on the track to being open in December, when one of our investors fell through, and have spent the last month or so seeking funding...this is a very fresh idea with a lot of franchsie potential...if anyone can give me some direction in where I may be able to look for funding outside of loans, it'd be greatly appreciated.

Thank you,

Meeka

The Incredible Turkey Burrito

Depending upon how much you still require you might be able to request the remainder of your funding at the peer to peer funding site below. Not a loan site.

Thank you so much for the response....Im gonna check it out....

Where (abd how ) to look depends on a number of factors - starting with how much you are seeking.

Thanks for the response....well our investor was going to give us the last 15000 needed, so that would be a great start and then eventually looking for franchise investments...

Meeka,

The amount you're seeking ($15,000) is below the level for most "professional" investors, so I'd look for a "private" investor type - from among your extended network.

You should be careful about how you structure your deal since you intend to expand via the franchising route and you'll want to avoid selling too much equity too early.

If you want to discuss your specific situation (in confidence) feel free to send me a PM or contact me directly.

Check this out, this is not a loan site but you'll be able to raise funds that require no repayment.

Hello Meeka,

That's unfortunate your investor fell through. Not to derail this post, but if you are looking for additional funding at a later time please consider the web service offered at: Conektinc

The website is getting ready to launch and it is designed to match entrepreneurs with investors based on compatibility. Feel free to sign up and receive updates before launch. You will not receive email spam and information provided will not be used for third party marketing purposes. If you have any questions please post on this thread.

Chris Kennedy
"Capital Matchmaking"
www.conektinc.com

Check out www.corporatefundingdirect.com.. seriously.. they are awesome. They got me 30 thousand in 30 days.. NO JOKE.. I didn't have to have any personal guarantee and my paydex score went from 17 to 80 in about two weeks. Check it out!

If I were you, I would either a) get an SBA-guaranteed loan from your local bank, or b) borrow on a social lending site like prosper.com