SBA only finances if a conventional bank has turned you down. Thanks.nwingate said:You should try your local bank and see if they will give you a loan but a lot of them don't give loans to businesses under 2 years old.
Another way to go is to look into small business loans.
More info at: http://www.sba.gov/financing
Depending on the state you live in, they may have some programs too.
Now that was bad planning on your part. Easiest way to get rich is to get born into a rich family. OK, so I messed up on that one too. Then another method is to marry money. Seems to have worked for Nicole Smith.Grumpy said:Problem is none of my family has money, that I am aware of.
Ah, well for those that are truly ambitious, there's always modern plastic surgery (I hesitate to call it medicine). A snip here, a little extra there, some silicone, some botox, and voila, a new person! Male to female, or vise versa. Assuming one survives all that, then one has to locate an old fart with a weak ticker. You're right. Seems way too much trouble for a few million dollars. Almost makes you think that woking hard for your money is actually the easy way!Florcraft said:It would be a little more difficult for a 30 year old male flooring salesman from Alaska, to do what Anna did.
Then again, I never tried.
Grumpy said:I'd rather be poor than sleep with an old man for money. C'mon! <cringes>
OK, so that we now all agree this is not our preferred way of raising capital, let's move on.Florcraft said:Same here <cringes>
There are probably three things even more important than capital.Grumpy said:My business plan and projected expenses include all costs forecasted for 3 months.
I was thinking of taking on a part time night job as a bartender. I can make just about any kind of drink But it will give me a money buffer and allow me to network with many people on a regular basis.
Every day my boss pisses me off, is a day closer to starting up my own company because when he pisses me off I come home and work on my research.
The answers to that question hinge on how much money are we talking?Grumpy said:What would the best method of startup/venture capital be? Should I contact local banks? Of coarse I have my own funds on hand but I want to do things right instead of suffering for a few years.