We (my business partners and I) believe that acquiring capital is a skill set - that can be learned and developed. Therefore, we also believe that virtually anyone can (with a sound plan, solid preparation and practice) acquire some basic capital (say $50,000) to start or expand a business.
I`d like your thoughts and opinions..
There are a number approaches to acquiring capital - including selling something. I believe the first step is to determine what will work for you.
As to the number of lenders you should contact - I`m not a fan of the shotgun approach. If you have decided that you want to "borrow" to acquire capital - then you should approach those lending sources that are "open" to your situation. (type, age, location and stage of business, etc)
PS: Yes, you may add me to your list
I don`t have any direct experience or any first hand knowledge of them. However, advances against future credit card transactions are becoming popular. You need to be sure that you have sufficient margin (gross profit) to cover the cost of the funds. As with several other approaches, this "advance" tend to be useful for cash flow - but fairly expensive if used for long term growth capital.
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Since most (if not all) early stage (idea to revenue) businesses need capital - much of our initial support is related to capital acquisition.