How feasable to use convertable debt note

elsizzle2000elsizzle2000 subscriber Posts: 5
edited September 2006 in Startup Funding
I will be looking for investors for my business in a short while. I am completely new to this so I have many questions but I will focus on the following question:

Would investors be more apt to want to loan the money in exchange for a share of the company or could I ask for a convertable debt note. I just don`t want to give up control of the company (who does!).

The startup costs are 50k & by the 3rd year we are projected to make 1 MIL in sales.

Any help would be greatly appreciated because I am in this all alone! Thanks guys...
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