This content has been marked as final. Show 9 replies
Need financing, Welcome Pam
Have you developed a Business and Marketing Plan that I can read??
I will never consider providing money to a business unless you have a plan.
Talk to me, LUCKIEST
This bar and restaurant has been open for forty years and we didn't need a business plan.
a business plan is a tool showing how YOU will run a business. It helps you see where and how the money moves through your business. It identifys everything the business is...and what it isnt....you need a business plan.
The business plan is a good guide to have, if you're already doing well for forty years that is good. It will even help more if you had a business plan for the potential investor.
I know some people you should talk to. Drop me a line and provide email contact info.
My e-mail is firstname.lastname@example.org.
How is your credit? If it is above average - might be able to get a personal loan for that amount - provided you can demonstrate an ability to repay.
Is the business running - could look for a business cash advance against future credit card (or check) reciepts.
Might be able to rasie that amoutn from several credit cards.
Would the current owner be willing to finance the $20K - with the $30K down - might be an option.
Lastly, have you thought about a partner - maybe a friend or family member who has - or can assess - that amount? Can also seek a partner locally - get out there and network.
Just some thoughts
Business Money Today
Did you ever get the funding that you needed?
If so and you now own the bar and could use some working capitol for any projects that you have in mind.
I will start first by saying never use personal credit to finance a business. If something were to go wrong, your personal credit would take a negative impact. Keep your personal assets separate from those of the business. My company specializes in helping startups and existing companies obtain business credit. I know you may be thinking "Well I need cash now!!" No bank wants to lend money to a person or company that needs it now, unless maybe you have positive cashflow. My company, Corporate Commercial Services, will help your company obtain the business credit it needs so that it will be able to obain cash credit on its own in a relatively short amount of time depending on how much cash is needed. Please email me at CorporateCommercialServices@yahoo.com if you are interested and maybe we can get together to find a solution for you. Thanks!