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I don't know if your seeking to offer equity in the form of Corp equity to get Angel investors to buy in so you have the capital to build your business but i know agreat deal about this and possibly can advise you and show you away for you to get the funds you need with a company thats helping many company's.1 of 1 people found this helpful
The National Angel Investor Forum
1000, Who are you?? Where are you??
Tell us more
RH, is it possible for you to get in touch with me to give more information. This is a possibility. firstname.lastname@example.org. Thanks.
Could you let me know what you've heard? I have been talking with them and would like some info. Thanks. email@example.com
I looked at the wesbite...there does not seem to be a lot of 'background' info on the group. For a list of angel funds go to:1 of 1 people found this helpful
I did not see NAILF on the list.
Go to ripoffreport.com and enter "Parke Media" in the search box. It may not be gospel, but it's something . . . hope it helps.
watch out! for there are a lot of scams out there they want to charge you to do paper work under the disguess as Investors.
zWhen all they are is Document writers that are looking for a fee....
Does anyone know business angels web site?
Yes, and thay are NO DIFFERENT! IF YOU CAN'T SECURE A LOAN THROUGH NORMAL LENDERS, THEY WILL NOT HELP EITHER!!
My company was approached and we requested a 100,000 loan. Initially, I told them that we had been approached by many other companies that called themselves "angel" investors but were not. Some would lend us money if there were machinery involved, i.e. the machinery was part of the value of the loan. Some wanted to take payments from a loan from our credit card sales, of which we have none because all our customers are overseas.
I told them we had been lured in by these supposed angels only to find we were just applying for a loan. The National Angel Investor Forum is no different. We were having trouble securing financing since we have no assets. We are a wholesale company. The only assets we have are our office furniture and computers so traditional lenders will not lend.
After paying them $250 to "process our request," they came back to us with an e-mail (below) that basically told us thank you for wasting a couple hundred bucks, go screw yourself! If we could get a $70,000 loan from the SBA, we certainly wouldn't be talking to them.
"Thank you for the email. We will do our best to answer all of your questions and do everything we can to help:
It is our intention to help you succeed in your funding request; however, due to certain fund covenants we cannot provide 100% of your funding request. There is a significant difference between being turned down and securing a portion of your funding request. Having one Investor group consider making an investment into your company is a vote of confidence to other Investors and Lenders who may want to participate. We recommend you seek an SBA (Small Business Administration) Approved Lender as a possible option. Also, network throughout your local community for other Private Investors, often listed in the Business Classified Section of your local Newspaper, and find strategic Industry partners.
Access to the proposed funding percentage by the Investment Committee is contingent upon securing funding from the additional Co-Investor/Lender.
Dick, based on your presentation and given the nature of your business, which were the considerations in the Investment Committee's decision, we feel there is a high probability of success and hopeful that other Investors and Lenders would agree to participate as well. Keep us informed on your progress in securing additional Co-Investors and/or Lenders.
With warm regards,
The Investment Committee
The NPILF Forum
THIS IS NOT A FORMAL COMMITMENT TO PROVIDE FUNDING! This information is not meant to be, nor should it be construed as, an attempt to define all the terms and conditions pertaining to a potential funding arrangement, which terms and conditions would be contained in final funding agreements. Final approval is subject to due diligence by our Investors/Lenders/Legal Counsel."
SCAM!!!!! SCAM!!!!!!!!!! they charge you $250 just to have a conference call with them. they do it as a video conference with some fat guy that you can tell is not interested. a week later they email you a letter stating that they have decided to only fund 25% or something like that. at first it sounds like not too bad of a deal, but then you read they terms and they make it so unrealistic, that knowone in their right mind is ever going to take the money. Also, to prove that they have no interest in you or your deal, you will never hear from them again. i made the mistake and have moved on and found great people to work with, but these are not the ones. feel free to email me if you have more questions. i would like to get the word out to as many people as possible.
I am also in discussion with them. Looks like they are fooling around.
I wouold like to know more of them and also if you could connect me to some angel investors.
I can be contacted on: firstname.lastname@example.org .
"upfront" fee which is an application fee. There is much paperwork that needs to be done,etc. However
our compensation comes from the backend, which only means IF we get you funded. Again our company
makes absolutely no guarantees other than we do our best. If I charge you $379.00 for commercial funding
upfront, I do not make a dime of that and frankly nor does my company. I do look primarily for large commercial
deals $2M up and make 2-2.5 points on certain deals. But that's on the back end only. It states so in our
Now, if a company is looking for merchant cash advances or factoring, we can help with that as well.
Call (910)547-3449 or email me at email@example.com
There is nothing wrong with charging an up-front fee however, the entity must have the ability to follow through. There is something very wrong with charging a fee just to speak with someone so they may consider if your deal is even fundable. A credible institution will know if a particular deal is within range of their funding ability and if it within their funding niche.
That is smart thinking!
smart thinking as in DON'T waste the money.
an up front fee and actually "guarantee" a loan to you, be skeptical and then run,don't walk. There is never
a guarantee in anything.
Our company does charge a nominal upfront application fee. This is for processing, as it does take time,etc.
to prepare the loan application. You will see "upfront" in our docs there are absolutely no other fees other than
the compensation on the back end. All spelled out in writing, and no guarantee. Our nominal fees range from $200
to $379.00. Only guarantee we make is we work our behinds of for you as again we our compensation comes from
the back end if we are able to arrange and close a loan for you. In my opinion, that's how it should be.
What glimmers is not always gold.
If you are looking for angel investors, start with www.techcoastangels.com They don't charge any fees , but you better have a sound business plan. you have to sign up to have access to their website, again not to worry no fees for this, inside their website that have list for other angel investors. I hope this helps.
I know of two people (businesses) that have ha the misfortune of knowing National Angel Investor Forum. One of them was looking for a small Bridge Loan. This Bridge Loan of $25,000 was guaranteed by an independent Corporation that has been in business for over 15 years and has a great DnB rating. NAIL would not consider the DnB report. My client has wasted almost four months on them. Don't waste your time, just ignore them!