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Thread: Need help raising start up

  1. #21

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    The internet can be a great source of funding check out these options:

    www. kickstarter. com is great for crowd funding campaigns. Usually this method involves using small amounts of money from large numbers of people. With kickstarter, you create a campaign with a time frame and amount you want to raise. People who like your campaign can pledge x-amount of money. If the campaign goal is met, all contributors are charged and if you fall short, nobody is charged. Kickstarter charges a 5% fee.

    www. wefunder. com and www. onevest. com these sites use crowd funding geared towards start-ups and work similar to kickstarter. You will create a profile of-sorts for your idea and people can choose what to invest in.

    www. gust. com - this site uses groups of angel investors and investment capital. Securing funding through this site is the hardest of the group, but it can provide the funding needed all at one time. This site works the same as others, create a profile, detailed description of your business, and let the investors decide.

    Hope this helps!
    Kyle Johnston - Founder of KRJ Interactive, an innovative business idea development group. We guide individuals and small businesses toward success.
    www.krjinteractive.com

  2. #22

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    This is just me but I would recommend staying away from credit card debt. It tends to run our quickly and the interest rates are ridiculous .
    Kyle Johnston - Founder of KRJ Interactive, an innovative business idea development group. We guide individuals and small businesses toward success.
    www.krjinteractive.com

  3. #23
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    Quote Originally Posted by Kyle Johnston View Post
    This is just me but I would recommend staying away from credit card debt. It tends to run our quickly and the interest rates are ridiculous .
    I agree with this. Credit cards should only be used for short term funding and must be paid off before the due date.
    Brad Miedema
    Fulcrum Saw & Tool

  4. #24

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    Quote Originally Posted by Fulcrum View Post
    I agree with this. Credit cards should only be used for short term funding and must be paid off before the due date.
    I agree with you completely. Credit card is a kind of trick invented by banks) Try looking for corporate funding first of all, it will reduce the costs for you, and second, try finding funding which complies with your business activities. When the bank or non-bank lender lends you funds they prefer to know what is the purpose of funding (that helps them secure their loan), if the loan is specifically given for what it was meant for by a lender, than you'll have the best terms and rates. So don't play a 007 game with the lender - the more uneasy he feels about your targets, the more likely he'll reject you. For example, we work with importers who lack the cashflow for the deal, we will not approve the applicant until we know the full story of him - it helps us mitigate the risks significantly.
    www.listontradefinance.com
    We provide trade finance facilities for importers and project funding for construction of commercial and residential venues worldwide.

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