Print this page | Go back to previous topic
Forum nameFinancial Feast
Topic subjectRE: Treasure Hunter needs start-up Money To start digging.
Topic URLhttps://www.businessownersideacafe.com/forums/dcboard.php?az=show_topic&forum=105&topic_id=284&mesg_id=285
285, RE: Treasure Hunter needs start-up Money To start digging.
Posted by Phanntom, Fri Jun-01-07 07:48 AM
Steve..

Trying to raise $5k isn't an impossible task. For discussion purposes I'm going to assume you want debt capital as opposed to equity funding, but you should consider both options.

When you need relatively small amounts of money and have dents in your credit there is a good site that offers options. Essentially, it's groups of private individuals that purchase parts of loans thereby spreading the risk. You post the loan amount you're looking for and the interest rate you're willing to pay. The lenders (all private individuals) they bid on your loan which tends to drive down the interest rate. Think of it as ebay for borrowing. The site is:
wwww.prosper.com

Hope this helps