I am seeking funding for a start up Business and was offered for a small $4,000.00 fee a loan/line of equity credit.  I would like to decline in a sort of smart A** way but respectful way at the same time and I'm sort of stuck as to how to do that?  Can someone HELP because I am not willing to pay for Funding at all My original request was for Angel funding or Venture capital funding and of course I was offered the above and for the above mentioned fee.  I DON'T THINK SO. ~ Anyway any help would be appreciated.  Thanks.
136301
The only thing you really should have to pay for in funding is the interest fee and a small application fee.  Anything else is gouging.\n\nWell, there are proper ways to be a smarta** and say it in such a way that folks have to review 2 or 3 times what you said to them and then figure out you were actually being a smarta**.  There are 2 books I usually rely on:\n\n1. Verbal Judo by George J. Thompson\n\n2.  The Gentle Art of Verbal Self-Defense by Suzette Haden Elgin\n\nMaybe you can write something like:\n\nThank you for the opportunity to take a loan with your company.  In this day and age of modern businesses assuming that a woman's financial intellect is inferior, it is refreshing to know that your company doesn't abide by those financial misconceptions.\n\nWhile it is probably in my best interest to consider your loan, I will continue to search for one that fits my financial needs closer to where my budget lies which does not include a fee, which I personally feel is unnecessary to the financial structure of any loan with reasonable terms.  \n\nOnce again, thank you for the opportunity and good luck to your future business.\n\nSincerely, \n\n\n\n(Your Name)\n\nI wouldn't include a phone number unless you feel comfortable with getting a return call and can continue to insult them without them knowing it by your tone or your words.  It takes practice but, honey, it's well worth it when you can put it back at them and leave them shaking their heads.
306524
Dear Lender,\n\nI would like to request a ________ month/year loan for $X, the purpose of which is to ___________________. For collateral, which will have a value of at least 125% of the loan, I am prepared to grant a security interest in the following property:\n\nThis loan will be repaid from _____________________.  I look forward to discussions with you regarding this request.
414216
You aren't going to get your money back.\n\nAny loan company that asks for fees up front is not legitimate.\n\nThey are not based in the USA, so other than taking a report, law enforcement isn't going to be able to do much of anything for you.
264857
Chances are the broker is not being completely honest with you. He quoted you an initial rate of 8.5 and if he a good enough he will do what he can to get you that rate. Brokers tend to overstate the loan interest rate initially to make money on the "back end" of the transaction know as points or Yield Spread Premium. This is money they get from the lender to sell you the higher rate rather than giving you the lowest rate possible. Ask your broker if this is the case. If so explain that you are looking for the lowest rate possible and his job is to get that for you. \n\nIt sounds like a difficult situation in generally and if he was able to get you a loan in the first place it seems he did his job. Paying $3000 in fees is quite reasonable as I would charge you maximum Federal allowable fees if I knew that the situation is as hard as yours. People that are not in the lending industry tend to think that their broker just collects paperwork from you and sends it in to the lender. There is actually a long drawn out process to get things approved by lenders and with a situation like yours it tends to be more work as there are more conditions from the lender and you don't always get approved with the first lender your file gets sent to and could take many hours processing the loan.
443781
Aside from the SBA, conventional loans and venture capitalists, try angel networks. It sounds like you haven't even done preliminary research...you need to do your homework on grants and things, as well.
341422
That is a SCAM -- search YA for other people scammed by this company\n\nI would be EXTREMELY WARY of companies that claim you can get grants for whatever purpose you want because that is absolutely false and not how federal grants work. And I would be SCARED all the more that this company wants you to apply for grants through them because there is only ONE site where you can apply for grants legitimately - and that is Grants.gov http://www.grants.gov\n\nYou stand a greater chance of getting a government-guaranteed loan through the Small Business Administration http://www.sba.gov/financing than a government grant. Read the SBA Financing page to learn about criteria needed for borrowing \n\nIt is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.\n\nNonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.\n\nEven if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.\n\nEven SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html\n\n"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."\n\nHere is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.\nhttp://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show\n\nMost of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program \n\nGrants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs \n\nI suggest you read the following books to get ideas of how to finance your business:\n\nFinancing Your Small Business  http://www.amazon.com/exec/obidos/ASIN/1572484500/powerhomebizguid\nSmall Business Financing: How and Where To Get It http://www.amazon.com/exec/obidos/ASIN/0808007386/powerhomebizguid\nFinancing the Small Business: A Complete Guide to Obtaining Bank Loans and All Other Types of Financing http://www.amazon.com/exec/obidos/ASIN/1580626815/powerhomebizguid\nThe SBA Loan Book http://www.amazon.com/exec/obidos/ASIN/158062202X/powerhomebizguid\nAngel Capital : How to Raise Early-Stage Private Equity Financing http://www.amazon.com/exec/obidos/ASIN/0471690635/powerhomebizguid\nFinancing Your Small Business (Barron's Business Library Series) http://www.amazon.com/exec/obidos/ASIN/0764124897/powerhomebizguid\n\nFor private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online http://gtionline.fdncenter.org  . It&#39
335662
Yes, I actually do what it is you're speaking of.  Not small loans, but loans between 10-100k+.  It's quite an interesting process which centers around what you offer for collateral.\n\nFor example, if you have a home worth 100k and have it paid off, or even mostly, it's pretty easy to get a loan, even with very poor credit.  If you have a business, and are struggling to get a loan, if you have assets (equipment, accounts receivable, contracts, real estate, etc), there are people who specialize in loans on business assets.\n\nExpect to pay a high interest rate and sometimes a high origination fee.\n\nFeel free to email me with any questions, good luck!\n\nJared
517122
If you are looking for that much amount, I suggest you check out the loan guarantees provided by the Small Business Administration http://www.sba.gov/financing . \n\nCheck the SBA list of requirements for borrowers, among them, collateral, your own equity investment (even SBA does not give out 100% of the amount you need, possibly about 80% at most),
448674
No - it doesn't matter how much you make because no matter how hard you'll try, you'll find that there's no grant for starting a business\n\nIn fact, you stand a greater chance of getting a government-guaranteed loan through the Small Business Administration http://www.sba.gov/financing than a government grant. Read the SBA Financing page to learn about criteria needed for borrowing \n\nIt is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. And yes, grants mean PAPERWORK - lots and lots of it, that is why a cottage industry of grant writers was born.\n\nNonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.\n\nEven if you buy books on "how to get grants" or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same - hardly any grants for starting a for profit business.\n\nEven SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html\n\n"The U.S. Small Business Administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments."\n\nHere is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.\nhttp://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show\n\nMost of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program \n\nGrants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs \n\nI suggest you read the following books to get ideas of how to finance your business:\n\nFinancing Your Small Business  http://www.amazon.com/exec/obidos/ASIN/1572484500/powerhomebizguid\nSmall Business Financing: How and Where To Get It http://www.amazon.com/exec/obidos/ASIN/0808007386/powerhomebizguid\nFinancing the Small Business: A Complete Guide to Obtaining Bank Loans and All Other Types of Financing http://www.amazon.com/exec/obidos/ASIN/1580626815/powerhomebizguid\nThe SBA Loan Book http://www.amazon.com/exec/obidos/ASIN/158062202X/powerhomebizguid\nAngel Capital : How to Raise Early-Stage Private Equity Financing http://www.amazon.com/exec/obidos/ASIN/0471690635/powerhomebizguid\nFinancing Your Small Business (Barron's Business Library Series) http://www.amazon.com/exec/obidos/ASIN/0764124897/powerhomebizguid\n\nFor private grants, you may want to check the Foundation Center's Foundation Grants for Individuals Online http://gtionline.fdncenter.org  . It's a subscription based website ($9.95 per month) but their opening blurb only says that the database is ideal for "students, artists, academic researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I take it they also don't have lis
328022
Wow, you've asked the right question!\n\nI considered doing it once, and took a job as a counselor at an agency in town to learn a bit about the business.  THE biggest challenge that the company had was dealing with the cash flow issues, and funding the ever-expanding working capital.  Consider how the business typically operates.  They send an employee out on a job.  At the end of the week, the temp agency pays them, and then they bill the client/business.  Typically, the businesses would stretch out as long as they could before they paid.  So, it would often be as much as three months before they got paid.  What this means is that your working capital grows astronomically and sometimes catastrophically.  The faster you grow, the more credit you need to cover.  \n\nAnyway, its an interesting and rewarding business, and if you can recruit well and market your services effectively, I think it should be viable.  But, the financial side of it is far more enormous than I ever imagined.\n\nBack in the day, Entrepreneur Magazine had published a very useful start-up kit for that specific line of business.  It was quite costly back then - something like $250, but I'm told they are more in the $20-30 range today, so I'd strongly suggest looking into it, if they still offer it.  (I'd send you mine if I knew where it was.)\n\nBest of luck to you.
325108
Mr. Matsumoto, you seem hesitant about a business opportunity. I'm not sure what a "Cash flow" business is, but maybe you realize something about this business doesn't seem right. A good business opportunity will get you in tough with experienced business people and give you all the information you need. You shouldn't have to ask for any ones opinion  on "Yahoo! Answers".
279728
learn how to spell first, then apply. They don't give business loans to people if they can't even use spell the word loan. Sorry
385736
My names are Williams Scott,I am a certified loan lender.I offer secured and unsecured loans to individuals and companies at low interest rate.I offer long and short term loans.My firm has recorded a lot of breakthroughs in the provision of first class financial services to our clients especially in the area of Loan syndication and capital provision for individuals and companies. \nWe have brought ailing industries back to life and we back good business ideas by providing funds for their upstart. We have a network of Investors that < DIV>are willing to provide funds of whatever amount discrectly to individuals and organizations to start business and operations. We also recruit Agents to assist our companies in receiving payments. In our bid to be useful to you, please tell us which area that you wish us to be of service to you. Kindly respond immediately to this email, Looking forward to your reply. \nemail:willscott_55@yahoo.com\nTel num:+447031940527
44762
With your situation you're working with an investment property and will take a hit on rate because it's not your primary residence.  But the rates that are available to you depend on your credit score, how much equity you have, mortgage payment history, and how much debt compared to income that you have.  \n\nI work for a company called MYLOAN and our rates are very competitive and service is top notch.  If you'd like a free no obligation consultation you can fill out an application on my website, email me, or give me a call.  I wish you luck in your search for financing.
418485
Research is your best bet!\n\nBelow is a link that may answer your question on how loans work.\n\nYou may want to visit your local Small Business Administration for assistance as well. \n\nI also included a link to entrepreneur.com's website as well because it has a lot of info you may need to know about starting your own business.\n\nGod Bless and I hope all works out for you!
646329
There is a huge difference between  bankers and venture capitalists. And I'm not just referring to the cost of borrowing so tread cautiously here.\n\nBefore I can provide you with advice I need a little more information. How long have you been in business?  About how many people work there?  Why do you need the money?\n\nJust a quick note " fund some of our operations " might suggest you need money just to keep the business open. If this is not the case it may be better to delete this part of your question.
644055
find a partner you can trust ,search around private sector for financing partner don't jump in  make contract iron clad for instance 50% financing for %49%ownership  for ?10 years        this is not a financing offer!!! looking around your state is generally better   make sure your contract i s tight  observed have lookal police check up on you occasionally  to make sure contract is observed this is only an idea