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--- Business Loans
Any updates on the story here? Just curious if you secured the funding...
---Web Entrepreneur and strategist. I work with Docurated, Stratus Prep, GMAT Prepster, and a host of other small businesses to help them gain traction with their digital marketing. I have worked on startups at all stages and aspire to help others find their success.
Based upon the information you provided, it should be pretty straight forward to find a source that will provide a loan to support your opportunity. The key is to be prepared (Capital Ready) and be able to present your business "story" in an appropriate and compelling way.
If you want to discuss your specific situation, feel free to send me a PM or contact me directly.
I need some advice. I started a food-service business in my apartment mid-2012 that has boomed from myself being the only employee to a 30k+ a month (revenue) business with 20 employees. I've been able to do this using the equipment in a restaurant that was not in use during the hours I needed them. Now we've outgrown that kitchen, and are ready to expand, but don't quite have the capital for expansion. The business is very profitable (between 10k-15k monthly), but with with 30% going to income tax (approx) and then my own living expenses, I can only set aside 3-4k each month and we can't even process the business that is coming in because our kitchen is too small! I'm looking for about 30k in funding, it can be either r a loan with a 25% APR and repayment in 12 months, or a stake in ownership. Do you know anyone who might be interested? We have to turn away new business and don't do any marketing... with the proper resources we could easily be hitting 50-60k a month in revenue and 25-30k monthly profit.
NOTE: Bank funding isn't really an option because I am 20, and because the business is so young. Thoughts?