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15 Replies Last post: Jul 25, 2008 2:12 PM by rayazcui

Start-up Funds

Mar 21, 2009 1:26 PM

Click to view ladyprofit's profile Start-up ladyprofit 1 posts since
Mar 21, 2009
I am trying to raise start-up funds to open a retail storefront. I purchased an investment property for cash less that a month ago. I bought it for 90k but it is conservatively worth 225k. I have about 50k in savings and a credit score of 660. I would like to use the the equity in my investment property to finance my retail shop. I need about 100k but the banks want you to own the house for at least 3 to 6 months. How can I find someone to finance it now?
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,935 posts since
Aug 6, 2007
1. Re: Start-up Funds Mar 23, 2009 6:36 AM
in response to: ladyprofit
Start-up Funds, Welcome Lady

How can you find someone to finance it?? Easy Start by going to Members page and sharing some info.

Next you need to develop a Business Plan that investors and lenders can read.

Talk to us, LUCKIEST
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Click to view Creditbuilder's profile Mogul Creditbuilder 134 posts since
Jan 17, 2009
2. Re: Start-up Funds Mar 30, 2009 12:35 PM
in response to: ladyprofit
That is possible if you have a corporation (C, S, or LLC) that has been in business for at least 2 yrs. If not you will require another to become owner of the corporation that can also act on your behalf as a guarantor.

For more info call 702-885-4926... good luck.
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Click to view ggoodard's profile Mogul ggoodard 79 posts since
Nov 29, 2008
3. Re: Start-up Funds Mar 30, 2009 4:46 PM
in response to: Creditbuilder
My email address is located in my profile, please contact me.
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