Glad that you met with SCORE.
Did they suggest you try SCORE Counselors online.
About a year ago, there were many posts about investors with money that were looking to expand.
Have not seen any posts on the subject this year
I've only met with the SCORE couselors in person, no mention of any online interaction...
I'm certainly keeping my options WAY open regarding investors/members. Any information regarding how to find additional investors would be greatly appreciated!
One suggestion a SCORE couselor had was to seek leasing the start-up equipment. I'll be exploring that this week.
What would be the downside to leasing assuming I'm approved? (BTW, my debt/equity into the brewery is roughly 28% of the capital required and my credit is impeccible).
look to see if there are any investor meetings in your area. (i.e. there are alot of meetings in different cities in which seminars are showcased and where you can pitch your business idea) A lot of what you can do is attend these sort of exhibits and hopefully pitch your concept to the right investor if you don't want to go the route of getting a business line of credit through a bank or monetary contribution company.
I'll look into that, thanks!
Can anyone let me know if joining an 'Angel Investors' site and posting a thread looking for investors is a worthy endevour?
A few I've seen that are local to me are:
So far I do have a few regional banks interested, but I will need to supplement my funding with equity capital.
Here's a blurb I use as sort of a 'manifesto' for some background...
YES, The NY craft-beer market is booming.
But in terms of NY-based production,
we in the NY-metro area are considerably behind the curve.
The market exists. The desire is there.
The craft industry is built on: Local = Better.
But the availability of NY-based product locally ranks 39th in the US, per capita.
We call this a perfect scenario.
We are an experienced group of industry professionals with the skill-set, knowledge and determination to be a major player in the metro-NYC market.
Brewing, distribution and events/marketing will all be handled in-house with a dedication to be a brewery recognized for excellence. We are seeking well-qualified investors to finalize our funding.
Our Business Plan is airtight and well-vetted by industry as well as financial experts.
Newbie here and I'm glad I found this site, certainly a wealth of knowledge.
I'm ready to begin the 'Dialing for Dollars' phase of starting my brewery. To date I've completed a tight, well-thought out business plan and am ready to start making the rounds in search of financing.
I've met with SCORE/SBA, who were helpful, but seemed more appropriate for someone that was far less along development-wise. They didn't offer much advisement for viable financing.
Is there any advice anyone can provide as to what financial channels might provide the best opportunity for a loan? (I'm prepared to go the investor/member route, but want to explore any financial institution financing possibilities first).
I appreciate any and all responses, cheers! - Rich