What is the best way to get a half million dollars to start my own business, Without collateral of any sort?
152422
$500K sounds like alot to start a coffee shop/music venue. What I would do is find a location and try talking to the landlord about helping to finance the deal. If you have a good business plan and can show how the improvements to the property would benefit the landlord, he/she might be interested. Happens all the time. \n\nFind a dealer in used equipment instead of new to cut your costs. Often times supply companies in the restaurant biz will finance the used equipment on favorable terms, because chances are they just repossessed it from a failed business. They are often receptive to investing in start up businesses that have potential.\n\nOther than that start going after friends and relatives. But you really need to sharpen your pencil and cut the start up costs way down. Maybe start smaller and expand as cash flow improves. Coffee shops alone are a tough way to make a buck unless you are Starbucks who buys everything cheaper than you can and has systems in place to squeeze profits out. They also have such great brand recognition that people who don't even really like coffee go there anyway.
1097936
Typically , any bank willing to lend you money wants you to have at least a 25% stake in the venture. Your business plan should work as long as your  conservative estimates will pay all bills and the loan. do not include your wages!  partnerships are another idea. if you own a home, leverage that. You may be able to swing a SBA loan, w/ your good credit and exp. good luck.
307019
I recently retired from the real estate business in Central Florida after 27 years. For the past two years I have been offering free business mentoring services to young entrepreneurs. I can offer a variety of small business ideas depending on your personal interest and abilities. I will also make myself available for consultations by email or phone. I do not charge for these services.\n\nI must tell you that it is very difficult to get any (legal) business into a positive cash flow position that would be equivalent to your full time job. Most businesses take at least a few months to a year or more to start generating that kind of income. Can you afford to wait?\n\nIf you want to know more, please feel free to write to Bruce at boatclub@go.com . I will you help if I can.
201307
A lot of great business started with much less amount then that.\n\nYou don't need money to start a business; all you need is five big D’s:\n\nDesire.\nDedication.\nDrive.\nDetermination.\nDream.\n\nGood luck.
1184549
hey Mohit /Get registered /Get some legal rep/Get a brokerage company for USA receivables /Get yourself a business plan/ Mohit you can get [most if not all of the info] at your local "References Library" where ever you are ./ I belief it`s free. And don`t SIGN ! anything without legal rep.\n                                             GOOD LUCK
1109239
The business of lending is a dense one and should be researched properly. To get started, I suggest contacting the Small Business Administration (SBA). Entrepreneur also offers a great site dedicated to money & finance – see below for both.\n\nResearch, research, research – this cannot be stressed enough. Read as much as you can about the process. Here are some book titles that are relevant:\n\n* How to Get a Small Business Loan: A Banker Shows You Exactly What to Do to Get a Loan (Small Business Series, No 1) by Bryan E. Milling\n* The SBA Loan Book: Get A Small Business Loan--even With Poor Credit, Weak Collateral, And No Experience by Charles H. Green\n* The Insider's Guide to Small Business Loans by Dan M. Koehler\n* Free Money for Small Businesses and Entrepreneurs by Laurie Blum\n* Finding Money: The Small Business Guide to Financing (Small Business Series) by Kate Lister, Tom Harnish\n* Financing Your Business Dreams With Other People's Money: How and Where to Find Money for Start-Up and Growing Businesses by Harold R. Lacy\n* No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money by Terry Allen\n* Starting on a Shoestring: Building a Business Without a Bankroll by Arnold S. Goldstein\n\nThere are plenty of free informational resources out there. Check the source box for links to articles.\n\nHope that helps! I wish you much success & happiness in all your ventures!
803946
need to start with a business plan then if u need some money to get you going, take it to a bank and talk with the small business manager. If good they will help you get going.\n Good luck,\n from owner of 3 businesses
77422
First, write a business plan. Second, have someone with some common business sense review your business plan. Third, re-write your business plan.\n\nThen go to local small business / entrepreneurial clubs. Most universities have small business development centers.\n\nConsider SBA loans. If you have a business that requires 200,000 in capital, the SBA will underwrite 2/3rds of that - so you might only actually need 70,000.\n\nFriends and family are often good sources for seed capital. If your plan is good enough you might be surprised how many people offer you $.\n\nAnd finally, fail fast. If your idea is a stinker move on to the next one or do something drastic to get it on the right path.
355060
Join technology and business fairs.  Send your business plan to banks and prospective investors.  Try to ask friends and family for preliminary financing - they could hit the jackpot on your company someday! (Think Coke, Google!)
104503
Private investors would be your best bet, as bank would not entertain you if you don't have any previous business history in business.
904257
Try www.prosper.com\n\nPerson to person lending....\nYou post a loan for X amount of dollars and\nlenders bid on your loan, once funded the $\ntransfers to your account and you have 3 years\nto pay it off...\n\nBe honest about your situation and your income....\nOr they (lenders) will find out the truth and blast\nyou so that no one bids on your loan.
801940
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 -- especially a nightclub. 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 listings of private foundations who give grants to would-be entrepreneurs.
72887
You can.  I currently have a 12 1/2 % investment in a company that was started about 8 years ago by 2 partners.  The partners each put in $x thousand and paid themselves back over time.  \n\nYou do need to either have the debt currently available to you (probably as an individual) or you need to have you or someone else loan you/your business the money.  Failing that, you could go to the SBA, but you may have to put your house or some other asset against the loan as collateral.
271714
I have operated a grant research and writing consulting firm for 30 years. Do not buy into the myth that there is FREE MONEY out there for your to start your business. The people who sell this information make their money off of people who are looking for something for nothing.\n\nContact your local Small Business Administration (SBA) for courses and services that can help you learn how to do it the right way.\n\nThe government DOES provide GUARANTEES for qualified loans that may be advantage to you should you be prepared to go the professional convential route of borrowing money to establish your enterprise.\n\nGood Luck and stay away for the FREE MONEY SCAMS.
109640
Through consulting!  That is the key.  Using your skills and matching them with the right business opportunties.  If you are interested in becoming a consultant, where there is no sales pitch, no heavy soliciatation please let me know. Check out our webstie at www.franchise4business.biz complete the request more info and we will call you.\nThis is a no cost service but if your interested in side money the question is how much.
266047
No. Your own money would be the best. With your own money, you can pace yourself, and less pressure if the business does not work. There is greater risk if you take on loans, and more pressure.\n\nTake for example for a business whose startup capital is $50K. If this is financed from your own money and you lose out, then you are out of $50K. But if this is a loan, you will be out of $50K + interest and your collateral is at jeopardy. \n\nIt depends on your business objectives, your level and tolerance for risks, and how fast (or how slow) you want to push your business.\n\nBut if you have to go get a loan, always go for the cheapest (lowest interest rate and better terms). Shop around before signing on the dotted line
823826
You can start a business now. But keep it as a corporation with a friend. When your paper work comes through, transfer ownership as a gift