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    5 Replies Latest reply on Aug 13, 2009 6:49 PM by MoveForward

    Starting a Business

    jgreen28 Newbie

      I have a business concept I would like to start. The problem is, I do not have the capital to start it. Does anyone know of any grants and loans I can apply for? I have been to my local SCORE office, but they didnt not give me any good information about grants and loans.
        • Re: Starting a Business
          Tracker

          Jgreen28:

           


          Can you give us an idea of how much money you are looking to secure? There are different options available depending upon the amount. Please give a little more detail.

           


          Plus, I would recommend that you try to get a hold of a member in this forum, Joseph, who goes by the nickname "phanio". I found that he provides very useful, reliable information.

           


          Hope this helps.

           


          Doug Dolan

           

          The Solopreneur's Guide

           

          http://thesologuide.com
          • Re: Starting a Business
            LUCKIEST Guide
            Starting a Business

            Who are you?? How soon do you plan on starting this business?? Did SCORE suggest you develop a business plan??

            Go to Members page and share some info.
            • Re: Starting a Business
              bentenn Adventurer
              If you assume there are zero grants to start a new business, you are correct except for the rarest of cases. see www.sba.gov for the extremely limited number and criteria for getting a business grant - mostly in very high tech start ups.

              Therefore, if you need a loan, the list of things you would need to do to get one include preparing a business plan showing the viability of your business idea, the amount of money you will need to get started, your ability to run this business based on your background and expertise, etc. Then maybe you would able to seek funding from a bank or SBA lender. For no cost but professional help from your local Small Business Development Center go to www.sba.gov - then click on Local Resources, then SBDC to find your local Center.

              Good luck. Ben
              • Re: Starting a Business
                Financeu Newbie

                Please call me; I may be able to help you with your project.

                 

                Sincerely,

                 

                Maurice Cuadrado
                401-946-0172
                • Re: Starting a Business
                  MoveForward Scout
                  How about if you re-think the way you find the
                  funding!

                  You have the vision, passion and drive for this
                  business venture, this makes you the brains
                  behind this. What if you found an investor as
                  your silent partner. Sure you would have to
                  give up a percentage of your profit. It is worth
                  it in the long run. The time it will take you
                  to secure any loan in the economy will be
                  difficult, not impossible. But while you try
                  someone else can take your idea have the
                  funds and run with it.

                  It is a win-win situation to find a silent partner.
                  They get a percentage of any profit after over-
                  head. They get paid back with funds who sits
                  in a low interest account and they get a
                  tax write-off. You get the funds you need and
                  someone who supports your vision.

                  Talk to a family member, an individual in your
                  community who is successful, perhaps you
                  have several silent partners with a one year
                  percentage agreement.

                  Remember on your way to success you will
                  need to jump hurtles, go around walls,
                  avoid snakes in the road, ride the bends and
                  turns, and know when to take the fork in the
                  road to success.

                  On a different note: TheSoloGuide I looked
                  up your site...awesome! I look forward to
                  using your site and referring this site.

                  Best to You!