MARK TWAIN Said (..
I Never Let School Interfere with My education!
HARD TO FUND START UPS? Really!! Angel what???
Headline: Angel Funding Up To $500K | 2 Years In Business Required? REALLY??
Lenders expect the borrower to have:
Capital - Business assets that can be used to create products or services and which can be turned into cash to make payments on business loans. A new business, especially a service business, has few business assets. Collateral - Cash to contribute to the business. A new business owner has little collateral unless he or she can use personal assets or has a co-signer with assets to pledge. Capacity - A track record to show that the business has the capacity to generate enough money to pay back the loan. Character. This is primarily a good credit rating. if you have a good credit rating (business credit or personal credit), though, it doesn't mean you can get a business loan, but a poor rating will probably get you turned away quickly. 100% Collateral.
One bank said it would give an $80,000 loan at 8% interest if the borrowers would have their co-signer put $80,000 in the bank (at 5% interest). When the borrower asked them why he shouldn't just take the $80,000 to start his business, they responded, "This way you get business credit." Equity from Owner. A bank I heard of said it wanted a "required equity injection" (that is, cash from the owner. If the bank loans $80,000 and requires $30,000 from the owner, the bank is really loaning only $50,000.
Angel Investors take 20-50% Equity in the project!!! WOW, LOL
Angel investments commonly run around $600,000. REALLY?? WOW---("PAYDAY LOANS"!!) HELL That's a "hot Dog"Stand~~My Lender Loans $850,000,000.++ USA & Canada**)
It's really hard to fund a startup - even a great one! (... Most entrepreneurs need as much help as they can get from mentors, directors and professionals (if they can find them.) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ WHAT BULL--SH _ _ !! HA, HA LOL Angel what???
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ START-UPS-High Leverage Rehab, Construction/ Land Development Loans
- Up to 100% funding-- Private Investors $3-$150M YOU MUST QUALIFY
Fast funding sets you apart from bidders with slow bank financing; speed can make the difference between winning and losing a deal…Multifamily, Mixed-Use, and Commercial
Ideal for builders, developers, contractors, rehabbers, and investors…Nationwide ----
10 Day Funding...$100,000. to $150,000,000. M
for projects with No collateral, Pre-revenue, etc.
Assisted Living, Mixed-Use, Patent Loans, Partner Buy-Out's, Motels, Marina's, AIrplane Purchase, Healthcare, Medical, B&B, Alternative Energy, coal, oil, natural gas projects, gold, silver, and diamond mines or other precious minerals projects, also wind, solar , geo-thermal, bio-diesel, any type of energy and renewable energy project, and as well as real estate. ANY PURPOSE LOANS, NON BANKABLE!