Where can I find start-up capital for my new business ?

Question

We desperately need start up funds. We have a business plan and market research that is 2 years in the making. I have Incorporated, but can barely pay my personal bills, let alone fund my business. my have some great innovative ideas and are certain it will be profitable, quickly.

The problem with angel investors is that they tend to invest in It companies etc. We are custom Motorcycle builders. Our vision consists of us being the ONE place for people to go for ALL their custom needs. Basically one-stop-shopping for custom work. Be it motorcycles, automotive, or even tractor/trailer rigs. Our diverse pool of talent has immense experience in all these areas.

Answer 1

If you have got your business plans evaluated and are rated good high enough, you can explore the possibility of tapping venture capital from private funders, banks and other institutions for the purpose. Such capital infusion is quite cheap in costs and are long to very long term assistance. Some governments also offer "seed capital" for self-employment, which you need to check with your local authorities.

Answer 2

To get started, I suggest contacting the Small Business Administration Financing Page (SBA) – links below. Entrepreneur also offers a great site dedicated to money & finance – see below.

Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:

* Free Money for Small Businesses and Entrepreneurs by Laurie Blum
* Finding Money: The Small Business Guide to Financing (Small Business Series) by Kate Lister, Tom Harnish
* Financing Your Business Dreams With Other People's Money: How and Where to Find Money for Start-Up and Growing Businesses by Harold R. Lacy
* No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money by Terry Allen
* Starting on a Shoestring: Building a Business Without a Bankroll by Arnold S. Goldstein

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 3

You've already done a lot of groundwork -- your market survey, your business plan. You may want to look for angel investors to help you

From the article "Find Yourself an Angel" http://www.powerhomebiz.com/vol13/angel.htm here are some places where you can find investors to help your small business:

1. The first place to look for is among your business associates. You have a greater chance of securing financing from people who knows you. Then ask your business associates to ask their acquaintances. However, the farther the relationship and the lesser the prospective angel knows you, the lesser the chances of securing the investment unless they have a unique understanding of your product.

2. Network, network and network. Join a professional organization or trade group for your industry. Begin attending meetings on a regular basis. This is the best way to get acquainted with successful business owners in your field.

3. Stay local. You don't need to go beyond your geographic area to find investors willing to take their chances with your venture.

4. Discreetly inquire about people who appear to be the most successful members of your industry. Pitch the idea to your lawyer or accountant - they may be interested or know someone who could be interested. They may have clients who frequently invest in a new and growing business.

4. Research on the Internet. There are several places on the Internet where investors gather. You need a business plan to show them how great your business is.

Angel Capital Association http://www.angelcapitalassociation.org
Angel's Forum http://www.angelsforum.com
Band of Angels http://www.bandangels.com
Common Angels http://www.commonangels.com
Keiretsu Forum http://www.k4forum.com
Launchpad Venture Group http://www.launchpadventuregroup.com
New World Angels http://www.newworldangels.com
New York Angels http://www.newyorkangels.com
Prairie Angels http://www.prairieangels.org (charges $125 to submit idea)
Robin Hood Ventures http://www.robinhoodventures.com (charges $250)
vFinance Directory of Angel Investors: http://www.vfinance.com

Answer 4

Bank, Credit Union, Savings & Loan, Home Equity Loan, Parents, Relatives, Friends, Partners, Neighbors, Anyone

Answer 5

If you could have below-average credit or little cash to paintings with, you'll be able to begin out by way of brokering. Find a depended on provider for the items you might love to promote and identify a dating with them. With a few items, its problematic to uncover sincere and safe providers. Once you assess you could have a safe supply, begin promoting your items on-line. You can do that on more than a few web pages totally free corresponding to blogs, boards, chat rooms, and so forth. Eventually, you'll uncover anybody interested for your models. Set up a riskless cost process for them corresponding to a service provider account or Paypal, allow them to pay you, and also you ahead the order for your provider. He sends you the items and also you send them out for your consumer. You might additionally use a dropshipper in the event you desire, however I have determined that many are scams or have deficient buyer provider. Just a inspiration... Good Luck!

Answer 6

go to a bank with your plan or run an add is newspaper "investors wanted" you should get some hits

Answer 7

do share ur ideas with othe rpeoples who will fund u ..they can tell u whether ur idea is good or bad..

Answer 8

go to
sba.gov
thet have all kinds of help you want

Answer 9

check out http://www.njfactoring.com