bmt2008
305 posts since
Jul 30, 2008
15.
Re: I am new to investing, I might need it for my business? Jan 11, 2009 12:31 PM
Glad to see someone so young already be a serial entrepreneur. Glad that you are sticking with it.
Marketing is not cheap, especially offline - online would be much cheaper.
If I were in your position, I would think about asking family and friends for monetary help. They know you best and should have faith in you.
Also could try credit cards (a typical bootstrapping method) even though you are young and probably don't have established credit. If you are going to college, many banks offer student loans.
I would also suggest usuing peer-to-peer lending sites. On these sites, you create a loan request - thus you tell your story. Then, other regular individuals see your request and bid on your interest rate. If enough come together to fund your loan request at an agreed upon amount, then the deal is done - you have your money. Try sites like propser, zopa, or All World Privte Funding.
You could also look into a micro-loan - even though you do not have established credit - as long as it is not bad credit, they may fund you a small amount. Get up to $25K.
I am telling you this because I love to help new businesses. I also have a company that helps businesses find growth capital. And, we need as many new businesses in this country as we can get. I am also from Texas.
