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  1. #1
    rafhelp is offline Junior Member
    Join Date
    Sep 2008
    Posts
    21

    getting funding for your new business

    Hey id like to if any young entrepreneurs have recently secured funding for their new venture, if so how and how much were you able to secure.

    What kind of business was it, did it take off and what obstacles did you have to overcome in the process.

  2. #2
    Join Date
    Mar 2008
    Location
    US
    Posts
    197
    Good question,

    In this economy, even well established companies with more than two years in business are finding it near impossible to get loans, so a start up has never had it easy. I have started a half dozen businesses over the years and the best advice is to establish a relationship with a local bank that perhaps your parents have used for years, and make sure you use this bank for your business once established, even if you have not started it yet, you have to start early in establishing banking history. When all else fails, do a search for cash-fundraising.com which has solved many start up capital needs, worked for me on a project.

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