What are some unorthodox methods for borrowing money to start a business?
Don’t waste your ***?me or mine by answering with “borrow from ***?mily” or “go to your bank”, etc.
I have a few ideas for businesses that I would like to start, ****? it ***?ems like every avenue I explore to borrow money turns out to be a dead end. Forget about borrowing from banks and ***?mily. What are some less than common borrowing methods I can consider? I checked with the SBA, they no longer lend money, and the only grants they can ***.st you in getting ***?em to be for environmental causes. I checked into numerous venture capital companies, ****? they all ***?em to be interested only in information technology ventures. I’ve considered forming a private corporation and ***?lling stock in it to private investors, ****? I don’t know if I’d be able to find enough investors. Also, I’m afraid I’d the investors would be breathing down my neck all the ***?me and trying to tell me how to run the corporation. Anyone have any worthwhile thoughts on all of this?
I am not interested in prosper.com. Please refrain from answering with referral links to this or anything else. Anything that you’ll profit from if I sign up, I’m not interested, so don’t waste your ***?me or mine. Thank you.
No more answers like the one from the ignorant dolt who posted the 3rd answer below. “I know someone who was helped by this lender, or I was helped by so and so, or I’ll lend you the money – I’m an accredited lender”. You ***?ople know who you are. Rather, I should say, you ****?MMERS and CON ARTISTS know who you are, and I ***?e right through you, so don’t waste your ***?me, or what is infinitely more important, MINE.
2 Comments to “What are some unorthodox methods for borrowing money to start a business?”
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On August 25th, 2009 at 1:32 pm
You have covered all the normal methods except maybe a HELOC or ***?lling things to raise capital.
Depending on the type of business you may be able to have your ***?stomers finance the business. Say you ****?ted to start a janitorial firm and you had been cleaning buildings for another firm so had the experience ****? no equipment. You could find ***?stomers and get them to buy the equipment and lease it to you deducting the payments from your fees.
Another method is to buy out the company you work for on a contract paying payments out of ***?rrent proceeds. This is pretty common in CPA firms since the buyer must be a CPA and a one working there has a relationship with ****?ents.
On August 26th, 2009 at 5:07 am
You might ****?t to consider trying out this >
I hope it helps! ****?d luck!