Forums: Discussions for entrepreneurs and small business.

Where can i fin the remaining about of money I need to open?

We are short 60-75k that we need to finish getting our cafe ready for grand opening.

Does anyone know hte best places to look for this?

We seek like a 5-6 year term on a loan , or a small line of credit would also be acceptable.

thanks for any feedback.

Josh

Josh,

There are several avenues one might take in your situation. Since you indicate that you are seeking a loan that reduces the options but I don't have enough facts to give you specific direction.

Traditional lending sources are hesitant to lend for restaurants.

If you want to discuss the specifics of your situation, drop me a PM or contact me directly.

You may have already explored resources from the SBA, however, here is a list of Small Business Investment Corporations in California that you may want to contact.

Best regards,

Molly Donaldson

You may have already explored resources from the SBA, however, here is a list of Small Business Investment Corporations in California that you may want to contact.

Best regards,

Molly Donaldson

Perhaps try to find a partner to invest some money into the restaurant with you?  If you are willing to relinquish some equity.

This new funding source might be able to help with some of the cash needs.

Check out the blog below for more info. It's a new business that intends to fill the gap for small startups  having trouble obtaining funding.

It should be open for business within days.

Use your Stocks and/or Mutual Funds as collateral!!!

My name is Patrick Parks and my company lends money against stock portfolios; up to 70% LTV, non-recourse with no credit score requirements and rates that range from 4% to 6% for terms between 3 and 5 years.

Funding is in 5 days.

My company lends on any publicly traded stock as long as there's sufficient volume. It doesn't matter what exchange - New York, London, and Nikkei - as long as it’s traded publicly and has volume to justify its price.

My company funds its own transactions. There is no waiting; once an approval is in hand the transfer is then made. Period! Done! What's the value to knowing if you meet the simplest of terms? Basically, with a publicly traded stock that has sufficient volume to justify its price you'll get a loan in 5 days.

When a transaction comes in and the stock is free trading and has no hair on it, the loan will be approved. Even penny stocks that have huge volume can be borrowed against. If you refer someone to me the deal will fund! And in today’s economy, where long term banking relationships are unreliable, if you have publicly traded stock then getting funded is SIMPLE with me!

You cannot borrow against retirement funds or your 401k. And if you’re a day trader you can’t borrow on that portfolio. An interesting thought though, is one could get into longer term stocks leveraging the borrowed money in day trading, or lending the money at 12-18% in today's lending environment, or buying distressed properties. The sky is the limit.

If you know of anyone who might be interested please refer them to me. For those who have stocks that are underwater, would have serious tax consequences from selling stock, or can’t borrow money because of credit, it’s an amazing tool. The fact it funds in 5 days, at market interest rates, makes it almost unbelievable.

In this economy, the appeal is to those who need money now and have stock they are holding that can be borrowed against and used to pay bills, build out a project, or make other investments.

• Need money for a construction or building project, up to 100 million dollars? Again, if you have publicly traded stock the deal is done. Five days after I get the information and give you a quote, you will have funds in the bank.

• Need money to invest in your business? Need 750k, 1,000,000.00, 2,000,000.00? If you have publicly traded stock, no matter how good or bad your company is doing, the stock is the collateral. No credit requirement. Money in 5 days. If you’re using your company stock and it’s on a downward trend that may impact the LTV, get me the info and I'll get you a quote.

• No matter the need. If you have stock, that’s publicly traded I'll get the deal done.

Most important, there's no limit to the funding amount. The better the stock, the higher the LTV. Regardless of the amount, the COMMITMENT IS MADE WITHIN 4 HRS of a deal coming in and funding will be within 3-5 days.

Just email the amount of funding you seek and a list of your assets that include your publicly traded stock(s) and/or mutual funds to mpparks@gmail.com for review.

Should your information meet the criteria, you will be contacted with a quote within 4 hours. Be sure to include your contact information and the best time(s) you may be reached.

Hello,

My Name is Mr Mark Wilton and I am financial helper/Loan lender as
well as an Angel investor. I deliver funds on demand and I give funds
out to make profits. I am resided in the United Kingdom and from there
funds will be processed and made available to you.

I give funds with interest rate of just 4% and this is to make sure I
get the best minimum profit and as well to see that I am able to get
to the best need of the person getting the Loan. I give at minimum
amount of $7,000.00USD and a maximum amount of $70,000,000.00USD.
Contact me via mail for more information: markfinancing@sify.com.

I await your response.

Okay Mr. Mark Wilton, help me out here.

You say you reside in the UK, but your profile indicates New York. You are using a sify.com email address, which I think is an ISP based in India and you've used mark_wilton3@yahoo.com on other forums with the same offer.

You claim that you can deliver $70 million. Don't you think that if you had access to that kind of funding, you'd be able to have your own web site and related email?

 Thank you for calling him  out. That is so obviously a scam, but you went the extra mile and did the research. Thanks again.