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Help with financing a business.

I am 25 years old, live in memphis tn, and in the process of looking for an internet business to own. I have acutally found a few that i am quite interested in.
Problem is...im not rich, no one in my family is rich, and i dont have nowhere near enough in my 401-k to even think about tapping in to it for the downpayment.

I have great credit and i know the business has positive cash flow and great net income for several years.
Most lenders i see,especially sba, require 20-30% downpayment before they will consider financing so ive heard.

What in the world should i do? I would hate to give up on my dream to own my own business but its not looking good. It would take me forever to save up 20% of a 500k loan.

Anyone got any ideas. Im quite frustrated.

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Answers (6)
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Carson Grant Loan Company
Affordable Loans
Los Angeles County, CA

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Feb 11, 2017
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Have you been looking for financing options for your business, new home purchase, construction, real estate loan, refinance, debt consolidation, personal or business purpose? Welcome to the future! Financing made easy with us. Contact us as we offer our financial service at a low and affordable interest rate of 3% for long and short loan term.Interested applicant should contact us for further loan acquisition procedures at vhernan712@gmail.com

Aug 19, 2016
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Email: chun.kome12@hotmail.com
Hello,

Good day to you and thank you for your time to read this.

We are financial services and asset management company.

Search for sustainable finances or the financial freedom to expand your business and company and to grow? We may add your company or a client / friend devise a plan for success help, We offer private loan to individuals.

For all types of companies - from small businesses to large corporate companies, we will help you to make your business the right type of financing for your business needs to lower interest rates and fast approvals will act quickly to require help new opportunities and immediate to meet needs.

For more details, please contact directly with your business plans or project view. EMAIL( chun.kome12@hotmail.com )

Best regards.

Jul 15, 2016
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Franchise-Pro
Denver County, CO

What kind of assets for this internet business that requires $500K? If it involves equipment or software, I might be able to help.
Diana Hutcherson
Premier Funding
303-751-7855 or diana@franchise-pro.com

Jan 14, 2010
Robert Cutler
Attorney
New York County, NY

Do you have any friends who might be willing to put up the capital as a silent partner?

Jan 14, 2010
Patrick Parks
Ural Patrick Parks-ICG
"Helping Struggling Companies Thrive Everyday"
San Diego County, CA

Do you own any publicly traded stocks and or mutual funds you could use as collateral for the loan you require?
Patrick@uralpatrickparks.com

Jan 14, 2010

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