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Investors or a business loan needed for startup biz

    • 50 posts
    December 25, 2012 11:59 PM EST

    Totally agree with the fact that there are several private firms which are ready to invest in your business plan and not the credit score. Hence, I would recommend you to search online for such funding companies.

    ---
    Invoice Factoring

    • 13 posts
    August 12, 2008 11:03 AM EDT
    Getting investors is not contingent on credit scoring. You can go to www.breadstreet.com they have investors that all they are looking at is your idea plausible and what their return would be.
    • 926 posts
    August 20, 2007 6:53 AM EDT

    wildstorm,

    Generally, investors (who purchase equity) are less inclined to use the credit score as a major factor in their decision. On the other side, traditional lending institutions (banks) are almost sure to use it.

    Since your post mentions your personal credit score - I assume it`s not too good. Depending upon the amount, there are sources for debt funds even if your credit score is low.

    ---
    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


    • 926 posts
    August 20, 2007 1:33 PM EDT

    wildstorm,

    While I fully understand the entrepreneurial spirit that drives the multiple project activity; when acquiring capital, I suggest that you focus on one or the other - especially when they are diverse.

    It sounds like you have some market traction on the reselling of computers, so that may be more attractive to "capital" in the short term.

    ---
    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


    • 64 posts
    September 9, 2007 9:46 PM EDT
    Mods:

    I am requesting the removal of this thread.

    Reason: Waste of space. Thank you

    Would also like the account deleted as well.


    You sound extremely frustrated, Wildstorm.  I feel your pain.  I can vouch that it certainly takes a lot of patience when trying to start up a new business and find the proper financing for it.

    I have recently decided that I need to change my home-based business, because I have outgrown my space.  Right now, I need to locate a physical location for my business, and I need the proper equipment to conduct my ‘professional’ classes.

    In addition, I need to expand my business, and I have no cash to pursue my venture.  What I am looking for is a small business start up loan, preferably an unsecured business loan. 

    I’ve been having problems getting a loan because I don’t have enough collateral.

    It would be nice to find a lending resource that does what it actually says.

    I always feel like I trying to sell someone a pipe dream whenever I approach a bank or financing institution.
    • 12 posts
    August 26, 2007 7:46 AM EDT

    I truly can sympathize with you.  When I was beating pavement trying to get my own personal home-based business off the ground and establish it in a professional physical location, I almost lost hope.  I kept hearing the same thing over and over again at every bank I tried. 

    One of the biggest hurdles I faced as I tried to make my business a reality was how to convince a lending institution that my business would make enough money to repay the requested loan amount. 

    The bottom line is that I found out, in each attempt I made to acquire a small business loan, that collateral is one of the biggest setbacks most entrepreneurs and small business owner have to face and overcome. 

    I found it very difficult to convince any bank that my home-based business could be a tremendous success, if I could acquire the resources I so desperately needed to get things on stream.  The fact remained that my efforts were fruitless.

    However, I discovered an online lending resource, www.thesnaploan.com.  Based on my experience with this site, I was able to successfully acquire a start up loan for $100,000. 

    What’s even better is that I was able to apply online, and I got my approval pretty fast, about two weeks. 

    It sounds like this website could be right up your alley. 

    • 6 posts
    January 29, 2013 1:08 AM EST

    Funding to a new business by the companies, is good. But business loan is also a good option if you didn't get a single one for investment and loan via bank is much secured.

    ---
    payday loans online

    • 16 posts
    September 1, 2007 11:54 PM EDT
    Due to my many years in PC sales/service, I still find myself buying, selling and repairing/upgrading PC as a sideline. As this industry has always been, the profit is in the service not the hardware. The last PC I sold locally went to a client who was headed to WM to buy the special. I sold him a used (referb) for $125 more than what he could have bought new for. Why did he buy? Simple he wanted my service. I build a bullet proof system w/ pushbutton restore.

    What I am saying is let your local customers finance your inventory. Sell up your services and get pre-paid on orders.

    PM me for details on selling a service that PC owners want & need.

    ---
    4Corners Web Services - Your Partner for Online Success!

    Looking for capital to start or expand your business?

    • 16 posts
    August 20, 2007 4:48 AM EDT
    Hey ya`ll,

    Just joined yesterday and stuff. Before I actually go through and post my request, are there any investors or loan officers or whatever on here that is willing to fund me on the basis of a solid business plan and not my credit score?
    wildstorm2007-8-20 9:48:33
    • 16 posts
    August 20, 2007 8:12 AM EDT

    wildstorm,

    Generally, investors (who purchase equity) are less inclined to use the credit score as a major factor in their decision. On the other side, traditional lending institutions (banks) are almost sure to use it.

    Since your post mentions your personal credit score - I assume it`s not too good. Depending upon the amount, there are sources for debt funds even if your credit score is low.



    Hmmm..... ok. Well I guess it doesn`t hurt to try so here goes:

    I am looking for funding in the amount of $17k. The two ventures that I want to get into are reselling upgraded used/refurbished computers on eBay and the local community and offering a visual effects creation service for the independent film community which is pretty much worldwide.

    The Summary of the ventures:

    These ventures are explained in detail in my business plan which I created in Microsoft Word and can be emailed to any investor willing to review it. Basically with the reselling of computers, I would buy used PC`s that are at least in the range of 1 month old to 3 months old and upgrade the hardware such as new graphics card or more ram or a bigger hard drive and resell them to customers at a resonable prices. I started out selling new laptops on eBay. Started the business last year in January. My gross income in 2006 was $19,373 on eBay. Not many first year startups selling on eBay can say they made that much. Which is why I believe I can increase revenue by selling upgraded used computers on there. The other venture, visual effects, I will be advertising my service to independent filmmakers all across the world who want custom made visual effects added to their films at broadcast quality and affordable pricing. I`ve setup a portfolio type account on youtube. My account features some visual effects clips that I have done for myself and can be viewed by visiting this link:

    http://youtube.com/profile?user=wildstormfilms

    Thats pretty much what I`m looking for. I`ve been suggested to go to Prosper.com and I have but did not meet the requirements of starting an account on there. I`ve also been told to ask friends and family members. Its a good idea though and I`m sure it works for people but in my case no. My friends and family do not have that kind of money. I`ve been told to find a friend or family member who can co-sign for me so long as they have a credit score of 650 or above. That would work but I know nobody that even has a credit score like that.

    Others have said to do the piggy backing deal. I agree that can work.... if you don`t have a mountain of bills to pay.

    wildstorm2007-8-20 13:14:7
    • 16 posts
    August 20, 2007 1:56 PM EDT

    wildstorm,

    While I fully understand the entrepreneurial spirit that drives the multiple project activity; when acquiring capital, I suggest that you focus on one or the other - especially when they are diverse.

    It sounds like you have some market traction on the reselling of computers, so that may be more attractive to "capital" in the short term.



    I had a feeling somebody would have a statement like that which is why I already made a business plan specifically for the reselling of computers and other electronic peripherials.
    • 16 posts
    August 24, 2007 8:42 AM EDT

    As some of you may know last year I made $19k on eBay and I`m looking to build from that. Although in my previous thread I wanted to start a videography business and have been given advice and suggestions on how I should go about doing that business. So I have decided to do the videography as a part time deal as someone suggested on there. Buy what I can when I have the money to get equipment and focus on a stronger part of my business which of course is selling computers.

     

    Now this venture is not strictly for just the internet. I also want to start selling locally as well. Of course this would be run out of my home for the time being. I`m located between 2 towns and we get medium traffic where I live. Its not going to stop with just selling computers either. I`m also looking to sell other electronics such as Playstation 2`s or Nintendo Wii`s and SNES, NES, games. Some new and some used. Selling computers, for example, used desktop computers that are no more than 4 months old can be upgraded with the latest hardware and can be sold for a fair price online and offline. Refurbished electronics are the best way to go in my opinion. I would also service computers for those who are having problems with their computers. All though there`s one place in town that does that, according to my research, a "few" folks around here have been unhappy with their service and I`m the ones that ends up cleaning the mess. So I`ve got some referrals but thought I might as well go and really get into this.

     

    So yeah there`s going to be alot of competition on eBay. Competing with other sellers on there but I`ve managed to make more on there than I did when I worked a 40 hr job. Don`t get me wrong. I`m not doing this just because "hey, I can make millions on eBay." That isn`t and will never be my mentality. My mentality is to make the customer happy and I have done so with the 100% positive feedback rating. Only one time I had an item show up to a customers doorstep damaged and that was when I let the shipping store package the item. I always do my own packing of the items.

     

    I will also be competing locally against stores like Walmart and one other computer servicing place in town. Of course with Walmart they sell new stuff but there`s always people here that are looking for bargains even though it is used.

     

    For example:

     

    (10) Dell Optiplex Pentium 4 computers - $3,089.95

    Discription:

    Pentium 4

    2.8 GHz

    40GB Hard Drive

    1 GB of Ram

    Keyboard and mouse

     

    And this lot of 10 are refurbished computers.

     

    So your saying "ok, 10 computers for $3,089.95 so there about $308 each. It doesn`t come with a monitor or speakers. There`s a rinky dink 40 gb hard drive and a CD rom drive oh whoop tee doo!." Ok so I`ll upgrade it.

     

    Upgrade expense list:

     

    1. 160 gb hard drive - $59.99

    2. DVD Burner - $34.99

    3. Dell 15" flat screen LCD monitor - $89.00

    4. Dell PC Speakers - $15.00

    5. Graphics card - $55.00

     

    Total: $253.98 for upgrade expenses

     

    Now I said earlier that the Dell computers are $308 each so my final price for a refurbished Dell Optiplex Pentium 4 with the added accesssories and upgraded hardware would be $610.00 + tax. So if I sold all ten of these at that price that would amount to $6,100.00 if I were to sell off all 10 before the end of the month. And since I would be selling other products as described earlier that end of the month amount would be more. Now your saying "well gee thats kinda expensive for a refurbished computer." Uh yeah but thats because I`ve gone through and upgraded it with newer components. You get more bang for your buck. So I believe there`s money to be made with this especially if I can buy, upgrade and sell 10 computers plus other electronics either over the internet or locally before the end of the month.

     

    Startup Summary:

     

    (10) Dell Optiplex Pentium 4 computers - $3,089.95

    (10) hardware and accessories components for Dells - $2,539.80

    (25) Playstation 2 game consoles - $1.250.00

    (25) Playstation 2 Games - $368.00

    (7) Compaq Presario SR1817CL Desktop computer - $2,667.00

    (7) Hardware and accessories/components for Compaqs - $1,680.00

    (5) Nintendo Wii game consoles with Wii sports games - $2,250.00

     

    *packaging material provided by the local businesses

    Total Startup Expense: $13,844.75

    So thats the startup expenses for this venture. This has potential to be a money maker. As stated earlier this isn`t some get rich quick scheme but this venture will keep a constant cashflow. Plus Christmas is just around the corner so you can bet consumers are going to be looking to buy buy buy!

    Let me know what you guys think.

    • 16 posts
    August 26, 2007 8:45 AM EDT

    I truly can sympathize with you.  When I was beating pavement trying to get my own personal home-based business off the ground and establish it in a professional physical location, I almost lost hope.  I kept hearing the same thing over and over again at every bank I tried. 

    One of the biggest hurdles I faced as I tried to make my business a reality was how to convince a lending institution that my business would make enough money to repay the requested loan amount. 

    The bottom line is that I found out, in each attempt I made to acquire a small business loan, that collateral is one of the biggest setbacks most entrepreneurs and small business owner have to face and overcome. 

    I found it very difficult to convince any bank that my home-based business could be a tremendous success, if I could acquire the resources I so desperately needed to get things on stream.  The fact remained that my efforts were fruitless.

    However, I discovered an online lending resource, www.thesnaploan.com.  Based on my experience with this site, I was able to successfully acquire a start up loan for $100,000. 

    What’s even better is that I was able to apply online, and I got my approval pretty fast, about two weeks. 

    It sounds like this website could be right up your alley. 



    The website would work if my scores didn`t have to be a 675. I found that site on craigslist about a couple months ago.
    • 16 posts
    August 26, 2007 8:46 AM EDT

    I truly can sympathize with you.  When I was beating pavement trying to get my own personal home-based business off the ground and establish it in a professional physical location, I almost lost hope.  I kept hearing the same thing over and over again at every bank I tried. 

    One of the biggest hurdles I faced as I tried to make my business a reality was how to convince a lending institution that my business would make enough money to repay the requested loan amount. 

    The bottom line is that I found out, in each attempt I made to acquire a small business loan, that collateral is one of the biggest setbacks most entrepreneurs and small business owner have to face and overcome. 

    I found it very difficult to convince any bank that my home-based business could be a tremendous success, if I could acquire the resources I so desperately needed to get things on stream.  The fact remained that my efforts were fruitless.

    However, I discovered an online lending resource, www.thesnaploan.com.  Based on my experience with this site, I was able to successfully acquire a start up loan for $100,000. 

    What’s even better is that I was able to apply online, and I got my approval pretty fast, about two weeks. 

    It sounds like this website could be right up your alley. 

    • 10 posts
    May 3, 2014 5:22 AM EDT
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    • 10 posts
    May 3, 2014 5:23 AM EDT
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    • 10 posts
    May 3, 2014 5:23 AM EDT
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    You are advise to fill and return the details below..

    Your Name:______________________
    Your Address:____________________
    Your Country:____________________
    Your Occupation:__________________
    Loan Amount Needed:______________
    Loan Duration:____________________
    Monthly Income:__________________
    Cell phone Number:________________
    Have you applied for a loan before: ________________
    If you have applied for a loan before, where you treated honestly? where are the company located?...

    Act fast and get out of financial stress, mess and hardship by contacting ROBERT SHAWN NELSON Loan Corporation Today via Email at: robertshnelson@gmail.com .You shall be treated with the best of our resources until you get this funds transferred into your account, and your quick and fast respond determines how fast you shall be receiving your loan. Without any delay Apply for your best and easy Loan here with us. Please email to us via

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