Welcome nick, YES there are ways to get funds.
Tell us more. Who and where are you?? What is your background??
Where and what kind of venue?? How large a loan?? (Secured??)
How and when do you plan on paying back this loan??
The more info you supply, the better our help and answers.
I'm in East Texas, and the venue that I'm trying to purchase is in the downtown area of the city. (Its a small city).
As for my background, I don't have much to speak of. I've used my business model a couple of times, and each time its worked out great.
I need a loan of $80,000. That's enough to get the venue and pay for repairs and equipment etc.
The loan would be paid back through the business on a monthly payment plan.
You said "you used this business model a couple times, and it worked out great"
Ok, so that means you currently have a business running with account receivables.
why don't you use the business that " worked out great " as collateral ?
You are being too vague for anyone to be able to help.
We have no idea what type of business this is, what your previous businesses were, why those businesses are not around anymore, what this current venue is doing in business (profitable or not), how long this venue has been in business, etc.
If you want help, give us the means to help you.
The times that I used it in the past don't have any paper trail, so I don't know how to show evidence of it to banks. Also, the last bank that I spoke with said that I have to be able to pay back the loan by methods other than the business itself (I guess in case the business fails).
Sorry, allow me to me sore specific.
What I've been doing is basically operating a night club in a small college town.
Since the city has had a lot of issues with my operation we've had to find different means of operation (private parties, etc.)
We've hosted a few events in the past that have turned out great; we had a huge turnout, made apx 80-90% maximum profit possible, and no violence.
The trouble with this is that since we had to go through different avenues of handling business, there is no documentation of how much money we made each time, so as far as the bank is concerned, we havn't done anything.
The venue that I was using before was of decent size, but wouldn't work for what I'm trying to accomplish, plus it would cost more than I could afford. With the new venue, the price would be cut in almost half, leaving all profits for the business.
The new venue wouldn't necessarily be a night club, because during the day it would be used as something else (art gallery, learning center for local kids etc.) and individuals would be able to rent out the venue for their own private events (similar to a community events center or auditorium).