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Young Entrepreneur Forums » General Business » Looking for Capital/Biz Partners » Need 50 investors of $1000.00 each.....



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Old 05-04-2006, 07:32 PM   #1 (permalink)
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Need 50 investors of $1000.00 each.....

I need 50 investors to front $1000.00 each for a period of one year. To be rewarded with a 25% return on their money at the end of the term, or hold shares in the company which ever is more desireable to the orginator.

1.These funds will be used to procure a larger loan from an established institution, via the SBA or an equivilent securer.

2.These monies will be held in an interest bearing escrow account established specifically for this purpose. The funds will be readily available to the account manager (me or a 3rd party if necessary) and refunded to the original provider immediatley upon request of same, no questions asked, no interest accrued or rewards granted if loan has not matured.

3. There is very little assumed risk on the lenders part other than believing that I the requester of these funds is a legitimate and honest individual whom seeks to get his business up and rolling.

4. If at the end of the year the business has not been started then all monies will be refunded to the originator with their share of interest that has accrued during that timeframe.

5. The year will begin once the entire amount has been established in the account so as to substantiate to the lending institution that in fact the funds in that amount exist.


The prospective business is a Marine repair facility on the Gulf Coast of Florida, that caters to everyone and anyone, with the target market being high-end offshore racing/poker run type boats. I am a certified technician, versed in all the major brands of marine engines and drive systems. I have many affiliations in the high performance market that will refer business to me. I am honest, sincere and well regarded in this industry. Your investment is safe, I will not violate your trust.

I will answer any questions posed to the best of my ability. Or e-mail me with any further inquiries.
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http://www.marineandspeed.com
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Old 05-04-2006, 10:07 PM   #2 (permalink)
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you're not doing this right and need to ask for advise
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Old 05-04-2006, 11:27 PM   #3 (permalink)
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lol, i aint giving you my money, thats for sure.
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Old 05-05-2006, 07:50 AM   #4 (permalink)
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Precisely why I posted it. Advise

Any advise would be appreciated.

I really don't think wise-guy comments are necessary (theapprentice).

Apprentice 1.a person learning a craft under a skilled worker 2. A beginner
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Old 05-05-2006, 09:37 AM   #5 (permalink)
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25% return isnt worth it for a $1000 you can get much higher returns with much less risk other ways.
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Old 05-05-2006, 04:39 PM   #6 (permalink)
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Originally Posted by Lex
25% return isnt worth it for a $1000 you can get much higher returns with much less risk other ways.
What did you have in mind to get 25% with much less risk? Shares? Im interested because im making 7% right now
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Old 05-05-2006, 05:33 PM   #7 (permalink)
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Old 05-05-2006, 07:05 PM   #8 (permalink)
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Originally Posted by F360
What did you have in mind to get 25% with much less risk? Shares? Im interested because im making 7% right now
Yeh the stock market, id say that much less risk than dealing with a stranger
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Old 05-05-2006, 09:42 PM   #9 (permalink)
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See paragraph 2..

Lex,

In paragraph 2 I put that little part in there about utilizing a third party to monitor the funds in the escrow account established solely for this purpose.

Therefore implying that the funds are not readily accessible by me if necessary, to thwart anyones belief that I am untrustworthy and intend solely to withdraw said funds at a later time only to disappear and leave all investors hanging.

The reason behind the money is not to use it to purchase or invest in the business, it is only to be used as a good faith gesture on my part to show a lending institution that I have $50,000.00 in a private account and that I am good for a larger loan because of it, that's all I'm trying to accomplish.
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Old 05-06-2006, 06:28 PM   #10 (permalink)
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Quote:
Originally Posted by Aletheides
I agree, you're best bet if not traditional means, Proper may be a perfect fit for you.

Let us know how it works out.
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Old 05-10-2006, 02:39 AM   #11 (permalink)
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First of all, I'd like to know how big the market is?
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