Tuscan themed Coffee Lounge / Sandwich Bar

Sbravada1Sbravada1 Posts: 2subscriber
edited September 2015 in Startup Funding
Currently looking for an Investor / Start up funds to open a Tuscan themed Coffee Lounge and Sandwich Bar in a new development area. This new area consists of 7,000 acres and currently includes a new Medical School (opens fall 2016 ),new housing, factories, a military base and other amenities. To date, there is no coffee lounge within 5 miles of this location. Hope to hear from you soon. Please feel free to contact if anyone needs any further information.

Comments

  • KnightNguyenKnightNguyen Posts: 6subscriber
    It is possible to get secured loans or unsecured lines of credit to possibly fund your prospect. For smaller amounts you should expect somewhere between 50-100k and understand that you have to work in the arena of "Micro Loans"; which is a loan amount of under 25,000. The reason for this is the condition of the lending environment is banks are simply not making loans for business start ups. There are a lot of reasons for this (too much for this post) but in principal we can attest to this as a licensed financial advisor. We would recommend you sticking to something that your credit can largely drive the approval process and staying to something where you can build company profile (even though your shop is not open). Things like getting a virtual office, setting up an 1800 number, purchasing an aged corporation (that actually does business and carries a name you like), 411 registry, and DUNs number registration are important. In today's climate you need to adjust your approach to get measurable results. No bank statement no collateral situations are very few (if non existent) in today's climate. Hope this helps
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