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Lateashia B. posted a new Financing A Business thread on 2/2/2011

Why is it so hard to get cash for a business that is a sure thing?

Why is it so hard to get cash for a business that is a sure thing? I am trying to get cash for advertisement , tools, vans, and marketing etc. It is impossible to obtain any loans. You must have a credit score of three million or more LOL or your business must have made a million dollars or more. It is impossible!
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Mike Borek Responded on 2/2/2011


There is no such thing as a sure thing in business. People with money are always being presented the next greatest thing that is a sure fire hit. The best way to present your business is to focus on the growth their money will do to your existing cash flow. Are you currently operating? If so you want to boil the equation down to...for every dollar you give me I estimate I can return 2 (or more) dollars in return in this time frame. Unless you are talking money and return they will likely tune out...I know because I have raised several million in start-up capital...
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