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How do I raise capital for starting my own retail business? |
want to start a retail shop that sells all kinds of gadgets...who do i go to for capital? If you are starting a sales business or anything that will create a revenue based on a contract, you can get your first contract and bring that to your bank and get a loan equal to that contract amount using it as collateral. Believe it or not, this is actually how Nike was started. They made one shoe, not a pair, just one shoe and sold a multi million dollar contract to a sporting goods store. They brought the executed contract to the bank and got a loan to start the actual company! Your bank? A couple other options are loans & grants -- see links in the sources box. |
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Based on proper Financial Status & Past Experiences/Project and the location with demand would fetch you an Investments from the Investors. Check the link... it may help you... ...To get started, I suggest contacting the Small Business Administration (SBA) 鈥?links below. Entrepreneur also offers a great site dedicated to money & finance 鈥?see below. Research, research... Starting a business means you need to have a plan. It's the first step. Once you have a plan (Business Plan), you can present it to any potential buyer (bank), who would then possible loan y... 1. Banks: present business plan, personal capital, put money in a savings account equal to the loan. 2. Investment Bankers: present business plan, personal capital. 3. Relatives: Present business... go to a bank and get a loan using the property as collateral. if it's your residence, you can get a home equity line of credit. Beware, you're taking a big risk. Most business ventures... I have included two articles in my resource box which talk about commercial real estate lending resources and loan. Hope it helps! ...It depends. If you have an incredible business plan and it looks like this business could be the next Google, you could raise $200 million dollars. There are a lot of venture capital firms out ... I would have to say, C. It seems like if you keep selling shares or whatever, you will sooner or later be outnumbered by those shareholders, and if they vote...well, you might get voted out, lol... |
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