How do I get a loan to start a non-tradtional small business...?

I want to start my own business doing concert promotion, event planning, etc..however the start up costs are through the roof compared to many other small businesses. I feel that if I go to the bank with a business plan and my credit report I will get laughed out of the building. I'd like to hear from anyone who knows about venture capitalists, corperate sponsorships, or anything else that may be relavent. Any help would be great.


Thanks,


J-

You may want to check into the following sites I listed as sources.

www.fastweb.com

Just how badly do you want to start that business?

Try Small business administration website; community development agency might point you in the right direction as well.

Learn from a man who began making his millions at age 12!
Learn from entrepreneur and self-made millionaire Farrah Gray about how to get others to invest in your business proposal.
http://coaches.aol.com/money/farrah-gray...

First off, the fact that you have a business plan already is great. Have you incorporated or anything? Gotten your federal tax id number?
My husband and I started a business that definitely is non-traditional and huge start up/capital expenses - an exotic car rental business.
We started the company by taking a second out on the house. If you have that option, it might be one to consider. It is hard to get loans of any large amount when a company has no credit. So you have to start out small and build that up. Right now, thankfully because we have great credit, we personally are backing all the loans, until the business is able to get them. We did just get qualified for a SBA loan (through the bank that we have our business account with). It isn't huge, but will help us start building that credit. Also, many a company has started using credit cards. Try and get them in the business name. Those weren't hard to get at all for our LLC.
Once we started getting things going on our own, we surprisingly have had people call us out of the blue interested in investing somehow. That is actually how one of the cars is being handled. The thing is, I think people like to see that you have made the sacrifice in someway before they are willing to invest.
Your business idea might be able to get corporate sponsorships. It's worth a try. And if you have the business plan, it only makes it look all the more like you have really done you homework.
I hope this helps. Good luck - hope you can get it going.

I might be able to help.

My group of investors offer both secured and unsecured loans for personal and business loans. We utilize both traditional banking firms and private funds.

Not sure what your credit rating is. Although we do work with different credit levels, credit is a factor. Sometimes we can even help you improve your credit.

Contact me if you want to connect.
skip724@gmail.com