Quote:
Originally Posted by handsonhosting
Yep, I'm registered  I'll put that event on a sticky note! We're always fielding low ball investment offers, but the return rates (or control they way) are too high especially when we don't *NEED* the investment. Now had someone come along 8 years ago, I'd be all over it 
I think those starting out and needing that extra capital to turn the part time business into a full time business - they'd benefit a lot from a guide like that. The local SBA's can only do so much, and often they seem to like to do as little as possible! |
I find the issue is not how sound the business is; however, no one outside of the industry understands the industry. Last year we went to the bank for a loan in the $20k range to expand our once local design business and could not get financed with my co-signature and a near perfect credit score.
Web Design & Web Hosting are on a high risk sheet at the bank. Most investors and VC's don't understand it or your not big enough for them. Let's not even get me started on the SBA and local business orgs.