hello! I have been MIA for some time for too many reasons to explain or bore you with!! But I am back and trying to dive into the forum again!
I have a question on obtaining cash for a start-up business.... Most banks want you to put forth a large chunk of cash and then they will in turn loan you the remainder of your cash needs.
Problem is, we do not have that large chunk of cash to put up! If we did, we wouldn't be asking the bank for a loan!
Are there any specific ways to approach a lender for a new business loan and get the entire amount financed??
If I had wealthy friends or family who just happened to have cash laying around to "angel invest" with a promise of payback with interest, I would ask them, but unfortunately, I don't know anyone like that!
Suggestions on financing would be appreciated!
Thanks!
I have a question on obtaining cash for a start-up business.... Most banks want you to put forth a large chunk of cash and then they will in turn loan you the remainder of your cash needs.
Problem is, we do not have that large chunk of cash to put up! If we did, we wouldn't be asking the bank for a loan!
Are there any specific ways to approach a lender for a new business loan and get the entire amount financed??
If I had wealthy friends or family who just happened to have cash laying around to "angel invest" with a promise of payback with interest, I would ask them, but unfortunately, I don't know anyone like that!
Suggestions on financing would be appreciated!
Thanks!
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