Home: Message List - Equity Capital Needed for Restaurant Start-Up

Re: Equity Capital Needed for Restaurant Start-Up

Bigfunder — Fri, 25 Jul 2008 20:16:55 GMT

Sounds like you have something here. I have to agree with Paula, try prosper.com. With your credit it should only take about a week to get the money.

Good luck.

Jim

Re: Equity Capital Needed for Restaurant Start-Up

rayazcui — Fri, 25 Jul 2008 18:01:36 GMT

Hello,

I provide business and persoanl lines of credit that can help you obtain the funds you need. You can contact me 718 484-3592 or 347 859-5087 if you serious about getting funds

Thank You

Ray Azcui

Re: Equity Capital Needed for Restaurant Start-Up

SliceofLife32 — Fri, 25 Jul 2008 11:25:28 GMT

My credit score is 672. As stated in my original post, I have nothing against me in getting a loan other than the required money down.

I live in Ohio and have worked or managed a restaurant since I was 16 up until the past 4 years. I did open and operate a small diner in this same home town 4 years ago, however, shortly after I opened I had major disputes with the landlord over several issues and decided to end my contract with him. (this is no longer a restaurant)

Prosper.com is only for a three year unsecured loan. You cannot use borrowed funds from a lender for your start up capital.

Re: Equity Capital Needed for Restaurant Start-Up

PiperE — Thu, 24 Jul 2008 19:22:08 GMT

SOL32,

And your credit score? That isn't much money, $27,000. I have one product that might help, it is a business line of credit for those who do not yet have the business set up. But it takes 3 months or so to actually start getting the credit.

I know! Go to Prosper.com. It is a peer-to-peer loan site. Get your story out there, they will eat this up. You could get your funds very quickly. Unless you have a family member with the cash, or a home equity line of credit, Prosper.com woud be the next best thing.

Good luck to you!
Paula

Re: Equity Capital Needed for Restaurant Start-Up

LUCKIEST — Wed, 23 Jul 2008 22:57:01 GMT

Equity Capital Needed for Restaurant Start-Up, Welcome and good luck.

It would be helpful to know more about you, Your background and where you are located.

Good luck, LUCKIEST

Equity Capital Needed for Restaurant Start-Up

SliceofLife32 — Wed, 23 Jul 2008 22:51:31 GMT

I have a great opportunity to open up the only restaurant in a medium-sized rural town. The building I am looking to purchase has a restaurant on the first floor and three apartments on the second. There has been no restaurant in operation for two years (because of owner problems - not lack of business) and the apartments are rented. There are several larger businesses in this town and surrounding communities. Many of these surrounding towns have no restaurants either.

I have a business plan, my start-up costs and projections done. I have also been pre-approved for a loan. However, my obstacle is that I need 10% of the real estate purchase price to complete my dream. I have sought out investors with no luck. I have also sought lenders who will do 100% financing, but they all have minimum loan amounts which are higher than what I am seeking.

I am needing start up capital in the amount of $27,000. Would be willing to pay back monthly or as a short-term investment. Terms are negotiable. I have been working on this business opportunity for a year and I am ready to walk in the doors and start my restaurant as soon as I can obtain this start up money.

I have read many posts on here and I can say I have used the SCORE counselors, have been in contact with the SBA, Rural Development Department in my area, and town council. Again, the only thing I need is an investor to help me realize my dream.

Only serious replies please. I do not need a counselor or someone who will charge me for their service. If I had money to pay your fee, I would not need an investor. Thank you for any ideas or suggestions.