| May. 01 2008 at 10:30 PM |
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I purchased the Fundraiser 1.0. I am not sure what happened. I applied to a couple of the sites and then it disappeared. I was wondering if anyone would be able to advise me on what to do. Or how to find it again. I did not get enough time to look at more lender sites.
Thanks
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| May. 25 2008 at 7:05 PM |
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Do you have an SBA development center in your area? If so, they will be a huge help with your biz plan (the one in my area offers free consultation and will review my biz plan for free.) They are also going to be able to give you advice on getting local money for your startup.
SCORE is a good idea too. They have lots of info on their website about how to write a good plan, and you may get a low-cost or free review.
Best of luck to you. It would be great if you post here later about your progress :-)
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| May. 26 2008 at 1:07 PM |
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ryanhere wrote:
well I checked prosper and with the bk they would not do anything but with leasing is that for equipment only or is that start up funds if so I am interested in more info
Ryan,
Acquiring capital for a startup is not always easy - but it's not impossible either. Your personal credit situation may eliminate the more common sources (banks) - but there are several other possibilities. In fact, you may need to use more than one to satisfy your funding needs.
Developing your optimum capital strategy based upon your business plan is a good place to start. The strategy (plan) will clarify what you need to be Capital Ready- which is the next step. 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
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| Jun. 09 2008 at 11:49 PM |
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Funding Available For Any Business!
After trying numerous websites for angel investors, funding, etc., I’ve not gotten a single offer, but I did find Fundraiser 1.0 and wanted to share it with you.
If you’re tired of looking for capital for your business, do what I did to start my business; you can do it online. Bedzzz Inn Retail raised $92,867 in capital online in 90 Days with No Banks, No Investors, and No Monthly Commitments. Now, you can learn what they know about generating capital for yourself.
Many entrepreneurs are doing this right now, and it’s working!
http://g2url.com/KGAOD/
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| Aug. 12 2008 at 1:23 PM |
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I would suggest that you contact angel investors. Check out www.breadstreet.com .
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| Aug. 20 2008 at 9:13 PM |
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All is Ok when 25000 is all you need. Have you ventured as far as a loan consulting company? Funds are available up to as much as 145,000 and the money is completely unsecured! This means no house, property or any assets at all are needed to qualify for the funds. Not only that but the funda can be available within two days. Simply "google" unsecured personal loans for a loan consulting company.
Good Luck!!!
First Amerigo Funding
"We are the answer to your finacial needs"
http://www.FirstAmerigo.com
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| Aug. 21 2008 at 4:40 PM |
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Well, it really looks like the weird and obscure are gaining the upper hand in funding related posts here on StartUpNation.com.
Let’s be real, Ryan, you have a financial background that makes it next to impossible for you to get an unsecured credit card, car loan, let alone a personal loan. Lenders who will disregard these facts and lend you the money will probably do so based on ridiculous terms, which could mean that you’re digging the next deep hole for yourself.
I understand that you’re excited about this opportunity but the best thing you can do given the circumstances is wait until your credit is cleaned up.
Having said that, I’m surprised that none of my fellow posters seem to take issue with the fact that you’re estimating your capital requirements at only $25,000. And that is including a 3-month cash reserve? C’mon!
The grocery business is known for notoriously low margins, sizable capital requirements, and intense competition. While the idea of running a discount grocery story seems to be in tune with current economic challenges, the fact that you will need to undersell your competition will (i) translate into even lower margins, and (ii) require a huge turnover to free up any cash or credit resources. Speaking of which, most distributors sell to individual stores based on revolving credit lines, which give them 30, 60 or 90 days to sell the merchandise before they have to pay for it. Knowing that you probably won’t qualify raises the question how do you intend to finance your inventory?
If you are looking for feedback on your business plan, follow “RobertJ’s” and “Deeziner’s” advice and schedule an appointment with your local SBA or Score Office. Although the SBA focuses on the creditor’s ability to repay the loan, since they are a government-backed agency, having a non-conforming credit profile is not sufficient to decline your application.
If you’re still determined to go for it, try partnering with a family member, friend, or colleague who’s willing to be the financial front for your venture.
As far as other suggestions such as OPM, private placement memoranda, and convertible debt offerings are concerned, pursuing any of these avenues will most likely be a waste of the little financial resources that are currently available to you.
I hope this helps.
Mark
Nothing is as powerful as an idea whose time has come.
http://www.FastVentures.com
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