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2006-11-09 23:54:19 · 2 answers · asked by shukig 1 in Business & Finance Small Business

Though I've considered banks and venture capitalists, I'd much rather find something close to "angel money" so as not to be too restrained by bureaucracy and lose wiggling room for creativity.

2006-11-10 00:11:59 · update #1

2 answers

You can approach a number of lenders with the plan. A key to funding is how much you will invest. You can apply for a loan with the Small Business Administration. Can you scale down the plan to require less funding? Commerical banks are less likely to take the risk of that amount of a loan on an unproven business model.
Perhaps you might put together a partnership. You will lose some control to gain the funding you need to start the restaurant.
I wish you luck and good cooking.

2006-11-10 00:07:16 · answer #1 · answered by david42 5 · 0 0

pitch the idea to investors! I worked for a developer and well known sports figure for a few years and we had people and companies coming through the office all the time pitching ideas for startup cash. You might be surprised who's willing to sit down and talk to you about your ideas. The thing about entrepreneurs is- they love to root for other entrepreneurs and see other people succeed through hard work. They are usually very receptive. So did we ever partner with any of these people...sure did!!

2006-11-10 02:42:42 · answer #2 · answered by Mr Grimes 2 · 0 0

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