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I have an amazing business idea how do I find financing? |
I'm looking to start a business with this amazing idea I have but sad to say my credit isn't the best. How can I find financing or Venture Capitalists and investors? I don't want my ideas taken over I just want an investor that believes in the product and the leadership behind it. yeah I definately can't say the idea on here i'd have to make a confidentiality agreement with the whole internet..lol You haven't said what the idea is so I don't know if people will invest in your idea the only thing you can do is try to find someone. Funding a small business is hard to do ... first steps in financing is usually using personal credit cards/ savings, once that is exhausted, the next step is family/friends who believe in your idea. There are SBA guaranteed loans available through your bank, but the bank will require that a percentage of the loan money comes from you ..IE .. if you want to get a loan of 10,000 for the business, 1,000 of YOUR money must already be invested in the business. A Bank wont lend 100% on any business. After you have been in business for a while or if you have a really good business plan, you can approach venture capitalist and "angels". "Angels" tend not to get involved with the day to day affairs of your business, but venture capitalist will. |
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