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    3 Replies Latest reply on Apr 14, 2008 8:47 PM by CorpCons08

    Funding growth for a second location

    MyrtleBchMama Newbie
      I have an established child development center. I am thinking about stepping into a separate corporate entity with new partners to establish a private school. The CDC will stay in business and will remain under my ownership. If I try to secure funding for my portion(or some of my portion) of this new venture would it be considered a "start up" or can I base it on my previous experience (10+yrs) as a natural extension? The separate corporate entity is due to the involvement of new people and their investment and a desire to separate what we(my husband & I) have already built.
        • Re: Funding growth for a second location
          LUCKIEST Guide
          Funding growth for a second location.
          *Yes, to me it goes sound like * a "start up" . A separate corporate entity with new partners.
          A New business name and a New Federal I D.
          When you try to secure funding for my portion(or some of my portion)
          the land will want to see both your personal and business returns.
          They will also want to see a Business Plan for the new venture.
          Good luck, LUCKIEST
          1 of 1 people found this helpful
            • Re: Funding growth for a second location
              product614too Newbie
              LUCKIEST, you seem to be pretty informative. I have seen some of your responses to other postings. I would like to ask you a few questions but don't see any way to get in contact with you other than replying to one of your responses. I do have a couple of postings you can take a look at and see if you have any information you can give me in seeking a loan.

              Thanks, product614too
            • Re: Funding growth for a second location
              CorpCons08 Ranger
              BchMama,

              Not necessarily. A lot of the lenders I work with consider this "restructuring" and will use your previous companies financials in the processing of your new loan request. I would like to speak to you in greater detail if you have a chance. My email address is daniel.skolnick@skcgroup.net.

              CC08