My husband and I have been given the opportunity to lease a restaurant. It has every thing needed to open except the equipment- because of our OK credit and lack of any money(due to raising 4 kids under 12) we haven't been able to get a loan. The name of the place is Train Depot(located next to an Amtrak depot) We plan to have a train themed menu and decorations. It will be a family friendly home-cooked restaurant. The building owner has agreed to give us 4 months free then a graduated lease. All we need is money for equipment and food. If any one has ideas of where we can get help please let me know

Annabelle Williams

>
>
>
>My husband and I have been given the opportunity to lease a
>restaurant. It has every thing needed to open except the
>equipment- because of our OK credit and lack of any money(due
>to raising 4 kids under 12) we haven't been able to get a
>loan. The name of the place is Train Depot(located next to an
>Amtrak depot) We plan to have a train themed menu and
>decorations. It will be a family friendly home-cooked
>restaurant. The building owner has agreed to give us 4 months
>free then a graduated lease. All we need is money for
>equipment and food. If any one has ideas of where we can get
>help please let me know
>
> Annabelle Williams

Since you can not get a loan you may want to look into finding an investor or sponsor. There are still investors and angel investors and venture capitalist and you may be able to find funding help there.

As for grant programs or funding programs where you don't have to pay back the money yours is a slightly different case in that you aren't a new start-up. You should look into it from a "location" point of view meaning there may be a funding program that is related to that particular area.

why not go to www.prosper.com this would be perfect for you.

Annabelle,

If you're credits "OK" as you say you might look into leasing the equipment. Many of the manufacturers and distributors offer leasing on capital equipment. You can check with GE Capital or the hundreds or thousands of others out there that handle leasing.

Imagine a banker trying to sell a fryer or grill if you were to default, and banks hate financing for restaurants and gas-stations. The failure rates in restaurants is very high which scares the daylights out of tradional bankers.
Good luck
Denny

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Hello
I am Mr Alllen Cole the financial/ marketing manager of Equity Trust Funds (E.T.F.) and the board of directors has just decided to start giving out loans to customers beyond the boundaries of the nation at very low interest rate (5%)
So if interested contact me on this email info_equityloan@yahoo.com.
Thanks
Mr Allen Cole

i have some good ideas. Where are you located?

An avenue of obtaining equipment is: http://www.katom.com.

I have purchased MANY items from them ---saving a behind-load of cash and they do offer leasing.

Good luck to you!