There has to be a way
Guest_Martin Salinas II_*
Posted 20 October 2004 - 04:51 PM
My future business partner and I have a good idea for a high school sports complex in an area that is ideally located due to demand and location. We also have all of the personal contacts to bring business in from the surrounding areas. My partner is in the commercial construction estimation business so we know what our costs are going to be. The only problem is the financing. We don't have the available capital to begin and do not wish to wait to accumulate it. There must be a way to bring a sound business idea to fruition without the start up cost. My mom always told me it took money to make money, but I love proving the exceptions to the rules. Is there a way?
Posted 20 October 2004 - 05:07 PM
Posted 21 October 2004 - 05:37 AM
My projects will be some what smaller in nature. For the most part,what I have in mind most of my funding will come from some Federal sources. As for the school, I have some dealings with my local school board and your idea sounds like it would be funded by some federal and local sources. I would start looking into county and state rehab monies.
Posted 21 October 2004 - 08:01 AM
I am going to be honest and say that some capital is a requirement in order to bring this idea to completion. If it truly is a great idea, then you can use it as a means of convincing somebody to come in as an equity investor. A prospective lender is more concerned about repayment of its principal and interest, and his upside is limited. Therefore, we are less interested in potential as we are interested in risks.
It does take money to make money, but the money does not have to be yours.
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