bizminded Posted June 7, 2013 Greetings. I'm new to credit boards and looking for advice for my new business. I'm starting a real estate whole selling business and I need about $15000 to start up. I've been looking into a few personal lines of credit and loans but none are at the amount I need to get started. Also the APR seems to be to high. Are there any recommendations on how I might be able to secure this start-up capital for my business. Thanks. Quote Share this post Link to post Share on other sites
johndoe3 Posted June 7, 2013 (edited) stroked89coupe has a business credit start up thread but If your broke with a low personal credit score dont waste your time........ Edited June 8, 2013 by johndoe3 Quote Share this post Link to post Share on other sites
BRBiz Posted June 8, 2013 Only a few options exist.. 1. Personal loan 2. Loan from family or friends 3. Partner up.. Biz credit will do nothing for you right now. Quote Share this post Link to post Share on other sites
stroked89coupe Posted June 8, 2013 Maybe not the best option, but a secured loan using property. House or car? Quote Share this post Link to post Share on other sites
GR8WhiTE Posted June 8, 2013 stroked89coupe has a business credit start up thread but If your broke with a low personal credit score dont waste your time........ that was motivational haha Quote Share this post Link to post Share on other sites
GR8WhiTE Posted June 8, 2013 But true..... Friends or family right now. It'll take a while before you start seeing some decent credit lines. Quote Share this post Link to post Share on other sites
BRBiz Posted June 9, 2013 Get some starter accounts then go out buy as many gift cards as you can and re sell anything you buy from your business accounts on Craigslist and eBay.. I'm joking but it is actually possible. Quote Share this post Link to post Share on other sites
GR8WhiTE Posted June 9, 2013 Get some starter accounts then go out buy as many gift cards as you can and re sell anything you buy from your business accounts on Craigslist and eBay.. I'm joking but it is actually possible. you just gave me an adrenaline rush. Quote Share this post Link to post Share on other sites
BRBiz Posted June 9, 2013 Not sure if $15k is possible but if done properly you could probably get close to $10k with very very short repayment terms not to mention a few lates! Quote Share this post Link to post Share on other sites
GR8WhiTE Posted June 9, 2013 That wouldn't be worth it, you'd be messing up your file Quote Share this post Link to post Share on other sites
BRBiz Posted June 9, 2013 Exactly.. If desperate for money then its a option. Quote Share this post Link to post Share on other sites
johndoe3 Posted June 9, 2013 If you have a highschool diploma go enroll at a local college and apply for financial aid and get a refund check......thats an easy 3-6k....... Quote Share this post Link to post Share on other sites
GR8WhiTE Posted June 9, 2013 and then double down at the blackjack table Quote Share this post Link to post Share on other sites
bizminded Posted June 9, 2013 stroked89coupe has a business credit start up thread but If your broke with a low personal credit score dont waste your time........ stroked89coupe has a business credit start up thread but If your broke with a low personal credit score dont waste your time........ lol. I'm definitely not broke and my credit score is in the 700's. Got any advice? Quote Share this post Link to post Share on other sites
BRBiz Posted June 9, 2013 Your choices are stated already.. Personal loan(s) or a credit card or two or a secured loan of some sort.. There aren't many ways to fund a start up besides cash or investors but $15k isn't that much so a $10k loan and credit card would do the trick or vice verse. You say your not broke so do you have savings, 401k, etc.? Quote Share this post Link to post Share on other sites
johndoe3 Posted June 10, 2013 (edited) So if your not broke why do you need 15k to wholesale properties.......15k is not alot of money Edited June 10, 2013 by johndoe3 Quote Share this post Link to post Share on other sites
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