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Forum nameFinancial Feast
Topic subjectRE: starting a new business...
Topic URLhttps://www.businessownersideacafe.com/forums/dcboard.php?az=show_topic&forum=105&topic_id=64&mesg_id=65
65, RE: starting a new business...
Posted by bizdev, Sat Oct-21-06 02:28 AM
You need to refocus your energies on other ways to raise your startup capital. You will not find a grant for your restaraunt. Sure there are women's groups that might offer a $500-$1500 grant, but you would be competing against thousands of others. And that tiny amount won't help you much when you discover (through your business plan) that you are going to need around $50,000-$100,000 just to get you started.

Grants, angels and venture capitalists are not going to fund a new, small business. It's a harsh reality, but going into business for yourself means having to come to the table with your own monies. Your best bet would be an SBA backed loan, but even then you need a good 30% of the start up funds coming straight from your own pocket.

I offer other funding ideas in my start up kit below.