I Need to raise money for a card shop! Ihave a ton of kids who are couting on me, poor credit I NEED HELP!?

Question

Hi, I'm Ruth from Michigan. There's a trade center (Gibraltar Trade Center) consit of several booths with small business, wich mine is a little card/toy shop wich is a busy place. Although I have probably only 400 sq ft. This place is always packed.. I have acess to the show area, so I have a nice size area yu-gi-oh, Magic, & other tournaments. The problem is the trade center's only open 3 days a week and they just raised their rent to $1200 a month. For about $800 more(everything included) I have found a building right next to a high school and elementry school, in a plaza perfect location!! I know every kid and customer by Name and all the regulars willing to do on their behalf whatever it takes to get this open. But the fear is the down payment, and the 3 year lease. I doubt I would qualify (I haven't got good credit) for a SBA loan and NEED between 5-$10,000. I NEED Good funraising ideas.How do legally raise money so kids can have a local card shop! They're counting on me. HELP

Answer 1

I worked in a card shop a while ago. You could always run tournaments w/ cash entry fee for Stock prizes. Since stock is usually 50% or less than what book value. Check w/ the card manufactures and distributor to see if they have anything they could provide for prizes.

I know we had charitable events and got all kinds of donations from the distributors and such. I'm not sure if that's going to be enough to raise the cash you need, but it's a good start.

You could also look for a partner, or try to look for some private financing. Stay away from the guys w/ broken noses and high interest.

Answer 2

Good news is, commercial loans are a different breed than residential loans. I'm big on the residential end, and not so much on the commercial end. However, there is a lender called Interbay, and they do commercial loans based on the profitability of the business, and have little regard towards credit. Look them up on the internet, or call a broker that does business with them.

Answer 3

Because this is a service of Christian understanding, and a
really contemporary product I would ask the chamber of
commerce to check on the following. Grants from Millers,
scholarship fund. This club donates over 50 million to ventures
like yours for over 70 years now and in 7 locations around the
world. I approve of your being a good store with these services
yet you will want to double check for every possible safety and
educational feature that you could win in these awards. Please
feel welcome to the family of Fun clubs Koolaid shoppes.

Answer 4

specific, he can get into diverse hardship. If he works he can get his wages garnished, his credit status will go through so sooner or later he will ought to pay lots of money for something he gets on credit, and if he owes too plenty the sole way out could be financial ruin, that's a psychologically taxing technique.

Answer 5

Why do they need their own card shop? Can't they go to Hallmark?