15 years ago I owned 2 very successful small businesses. Unfortunately a family member who I hired to be my accountant embezzled over $60,000 from me before I knew it. At the time of the investigation, this family member died and had no estate. I never recovered the money. In the meantime one of my children got in some legal trouble and I was soon overextended. I ended up having to file personal bakruptcy and sold one of my businesses and closed the other. I then went to work for a large comany and then was caught up in a massive layoff and lost my job 5 yrs ago. I have struggled to find work since then and have lost everything. I have gone through my 401 K trying to survive without work.
I have written a business plan for an upscale consignment boutique. It will feature designer women's clothing as well as unique furniture and decorative accessories. I will offer new merchandise as well. I have a background in clothing sales and interior design. I will be locating the business in an upscale shopping area in the area of town where I grew up. I know many people in the area who would support the business. My research and surveys reveal that this is a business that is needed in the area.
My parents have passed on and I have no other family members to borrow from. None of my friends are in the position to loan me start-up money. I filed bankruptcy 10 years ago. I am currently behind in on my debts due to the fact that I have not worked steadily for the past 5 years. What can I do to obtain financing? I have no collateral as I lost my home in the bankruptcy. I cannot raise all of the money myself, but could probably raise $5000. My capital requirements ar about $25000. Any suggestions? I have searched the internet for months. Please help!
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