I am trying to start a small business, but having problems funding it?

Question

I am looking for funding or a loan , as my bank wont help me?

Answer 1

It's tuff to start but it's worth it if you can hang on at first the only money i would spend is on advertising if you get creative you can get some for free and at a very low cost try not to spend money on things like desk and office space in the beginning put money into things that will produce immediate income then let the business buy all the other things that you will need hang in there if you want it you will get it

Answer 2

There are two kinds of funding when starting a business: equity and debt. You can either choose one, or you can have a combination of both.

Equity would mean that you get your family and friends to invest in the business, then when your business gain profits, you give them their share in form of dividends. However, if you get them as investors, you have to consider that they are part owners of the company.

Debt would come in the form of loans. It does not necessarily have to be from the banks, but you can also loan from family and friends. This means that after a certain period of time, you will have to give them back their money. Usually for start-up businesses, this is the route that most new entrepreneurs take since banks do not give loans unless you have a good credit rating. You can also try microfinance.

Answer 3

A traditional bank won't help you until you have at least 2 years of operating history. Personal funds, credit cards, second mortgages, and friends/family are usually how seed-stage ventures get off the ground. After that, angel investors might be able to help you if you need additional rounds of funding. Banks come in later.

Answer 4

There is a really cool new loan alternative that is available on a web site called Prosper.com. Prosper.com is a peer-to-peer lending alternative that removes the big banks form the mix and places people who need money in contact with people who are willing to lend it. The way it works is that people who need money request it, and other people bid for the privilege of lending it to them. Prosper makes sure everything is safe, fair and easy.

On prosper.com my partner and I have established a group called Addventure Capital. We are two professionals with 20+ years experience in the financial services industry. It is our goal to help people like you by helping you to get a loan that meets your individual needs and assist with getting your loan funded. We will personally endorse your loan request and consider investing in your loan ourselves. Follow our guidance and you’ll have the best chance of getting your loans funded. We have clear – mathematically proven – strategies to maximize your chances of getting the money you need.

In order to take advantage of our services you need to follow the link below and join our group. Through analysis we have found that the most important factor in whether a loan gets funded on prosper.com is a group leader endorsement. If you join our group and apply for a loan through prosper.com via our group we will endorse your loan and help you get it funded.

For more information follow the link to:

https://www.prosper.com/groups/group_home.aspx?group_short_name=AddventureCapital

Click on “Join Group” on the right side of the screen and everything else should be self-explanatory.

Answer 5

Check out Prosper.com - it's like the eBay of loans.

Answer 6

try family