Funding

by a searcher

3 years ago

What is the best way to find funding with little to no money down without using equity from a residential home to buy a business?
I do have money to put down, but it is $10k.
Any suggestions will help.

TIA

1 like
297 views
12 comments

searcher from The Hong Kong University of Science and Technology - HKUST Business School

Focus on developing a plan to grow, and looking for an attractive deal first. For the first deal, be prepared to take equity out of your residential home (even though you don't have to). This shows your confidence and determination in the deal and may help you to convince investors. If it is really a good deal, you probably want a bigger share of equity anyway.

3 years ago | like reply | 1 like

searcher from The University of Michigan - Stephen M. Ross School of Business

What about raising private capital from friends, mentors or colleagues that you've already established trust with? If you have a convincing deal and bring some sort of unique skillset to the table, I would think that might be an avenue to explore.

3 years ago | like reply | 2 likes

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