Hello,
I am looking for advice on the most likely way to get the financing I need for a new small business. The business is a startup dog daycare and indoor park that will be located in a high-traffic area that accommodates easy access for both commuters and customers from nearby retail locations. I have a very solid business plan and have put a lot of work into the financial planning. I have a Finance and Marketing background and feel confident that I can make this business successful. I am able to put up about $25K of the startup costs, but I am looking for an additional $50-75K to cover startup and initial working capital. I am young and have good credit, but not a significant amount of collateral ( I do not own a house or other major assets).
I am looking for advice on either pursuing a small business loan or finding potential investors (the amount of money I am seeking seems to small to gain the interest of many investors). What is the best way for me to go about getting financing? Are there ways I can compensate for my lack of collateral if I go for a bank loan?
Thanks!
I am looking for advice on the most likely way to get the financing I need for a new small business. The business is a startup dog daycare and indoor park that will be located in a high-traffic area that accommodates easy access for both commuters and customers from nearby retail locations. I have a very solid business plan and have put a lot of work into the financial planning. I have a Finance and Marketing background and feel confident that I can make this business successful. I am able to put up about $25K of the startup costs, but I am looking for an additional $50-75K to cover startup and initial working capital. I am young and have good credit, but not a significant amount of collateral ( I do not own a house or other major assets).
I am looking for advice on either pursuing a small business loan or finding potential investors (the amount of money I am seeking seems to small to gain the interest of many investors). What is the best way for me to go about getting financing? Are there ways I can compensate for my lack of collateral if I go for a bank loan?
Thanks!

