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Forum name | Financial Feast |
Topic subject | Has anyone heard of funding for the restaurant business |
Topic URL | https://www.businessownersideacafe.com/forums/dcboard.php?az=show_topic&forum=105&topic_id=535 |
535, Has anyone heard of funding for the restaurant business Posted by Jsilc316, Tue Sep-02-08 05:12 AM
I currently own a well reviewed popular restaurant, the problem is that I am small and in order to produce profit I need a larger bar, which means a I need to increase my space or purchase a larger space. I have looked on the internet and everyone wants to sell guide books for government funding. This site looks so cool. Just want a little direction if anyone know anything.
thanks
John
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559, RE: Has anyone heard of funding for the restaurant business Posted by bizconsultant, Thu Jul-03-08 04:16 AM
I'd have to agree about those books being scams. Your bank is the best option. Im a business and finance consultant and I generally only deal with helping people get bank financing because its one of the only REAL sources of financing out there. The key is to find what they require and then locate a resource to help you meet the requirement. Alot of people overlook banks because of there strict requirements for approval, but if you can find a way to get what they need....its well worth it.
Feel free to contact if you need any help with that.
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560, RE: Has anyone heard of funding for the restaurant business Posted by bizdev, Thu Jul-03-08 05:57 PM
Ever since that late night infomercial popped up on tv years ago offering a book full of free government money (grants) people have gotten stuck on the notion that you can get grants for anything, including starting or expanding a for-profit business. There simply are no free handouts.
Funding must be gotten the old fashioned way...hard work and savings. Or family/friends pitching in with loans. Even if you are able to qualify for SBA backed loans, you still need to provide a good 30% of the cash yourself (along with collateral).
That cool site is undoubtedly making tons of money off of people that are duped into buying their "guide" books.
Sylvia http://smallbusinessstartup.biz Startup & Biz Plan Help http://smallbusinessstartup.biz/blog
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584, RE: Has anyone heard of funding for the restaurant business Posted by Roseb441702, Thu Jul-24-08 08:42 AM
>Ever since that late night infomercial popped up on tv years >ago offering a book full of free government money (grants) >people have gotten stuck on the notion that you can get grants >for anything, including starting or expanding a for-profit >business. There simply are no free handouts. > >Funding must be gotten the old fashioned way...hard work and >savings. Or family/friends pitching in with loans. Even if you >are able to qualify for SBA backed loans, you still need to >provide a good 30% of the cash yourself (along with >collateral). > >That cool site is undoubtedly making tons of money off of >people that are duped into buying their "guide" >books. > > >Sylvia >http://smallbusinessstartup.biz >Startup & Biz Plan Help >http://smallbusinessstartup.biz/blog
Unfortunately this is just not true. As someone that does grant research for a living you don't have to take my word for it. Just look at the grant programs that are listed right here on the business owner's cafe site! I hardly think that you could call this site a scam!
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600, RE: Has anyone heard of funding for the restaurant business Posted by bizdev, Mon Aug-18-08 02:37 PM
>>Ever since that late night infomercial popped up on tv >years >>ago offering a book full of free government money >(grants) >>people have gotten stuck on the notion that you can get >grants >>for anything, including starting or expanding a >for-profit >>business. There simply are no free handouts. >> >>Funding must be gotten the old fashioned way...hard work >and >>savings. Or family/friends pitching in with loans. Even if >you >>are able to qualify for SBA backed loans, you still need >to >>provide a good 30% of the cash yourself (along with >>collateral). >> >>That cool site is undoubtedly making tons of money off of >>people that are duped into buying their "guide" >>books. >> >> >>Sylvia >>http://smallbusinessstartup.biz >>Startup & Biz Plan Help >>http://smallbusinessstartup.biz/blog > >Unfortunately this is just not true. As someone that does >grant research for a living you don't have to take my word for >it. Just look at the grant programs that are listed right >here on the business owner's cafe site! I hardly think that >you could call this site a scam! >Rose Grant Basics 101 http://members.aol.com/Roseb441702/grants.htm
> > Usually when people are looking for grants for their businesses they are in need of big money. While $1500 from sources such as Idea Cafe, would no doubt come in handy, it's hardly enough to start a business. Plus the competition is unbelievable. The chance of winning such a grant is miniscule.
Funny how we never hear from your "clients" about all the grants that they've won.
Sylvia http://smallbusinessstartup.biz Startup & Biz Plan Help http://smallbusinessstartup.biz/blog
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577, Deleted message Posted by tee59bomb, Fri Jul-18-08 01:33 PM
No message
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590, Deleted message Posted by lmccarthy1, Tue Jul-29-08 05:12 PM
No message
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603, Deleted message Posted by marco313, Thu Aug-28-08 10:17 AM
No message
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604, RE: Has anyone heard of funding for the restaurant business Posted by FinallyAWinner, Fri Aug-29-08 11:50 AM
Hi John,
I know a lot of restaurants use leasing companies to finance with. I used to work for a leasing company called Direct Capital. They are the only leasing company that eBay uses for their customers to lease equipment.
You can look them up online and give them a call...
Hope that helps...
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659, RE: Has anyone heard of funding for the restaurant business Posted by NCFunding, Sun Jan-04-09 04:39 AM
I am Robert Gaskin with New Century Funding. I have over 25 years in the financial sales/mgmt arena and in particular, with business funding. My primary product is designed for businesses such as restaurant, retail, automotive repair, etc that has been open for at least 9 months, has gross sales of at least $250k p/yr and processes at least $5,000 p/mo in credit card sales. Call me anytime to discuss how we can be of service to you. Thanks, Robert Gaskin 1-800-894-0341
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663, RE: Has anyone heard of funding for the restaurant business Posted by jkundert, Wed Jan-07-09 07:35 PM
I can help you as well, I have access to over 4000 lenders, and i am sure that one of them cna meet your needs, I also have access to private investors, angelinvestors, and private parties that doe percentage loans. In today economy bank have really tightened up therefore you may not be able to go to a bank. banks are turning down more and more restaurants daily
visit my site joshkundertconsulting.com or call me at 866-584-6508
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668, RE: Has anyone heard of funding for the restaurant business Posted by CAFS, Fri Jan-16-09 09:32 AM
Have you considered putting together a local investment group? Lawyers and doctors can be good sources. You would need to put together a package explaining how your business had performed to this point, the improvements you want to make, the performance improvement you expect and the return you are willing to pay them for their investment.
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