I have a small business and I need funding to get started. Are there any lenders out there that will lend to start ups. I am focusing on REAL ESTATE INVESTING. I want to invest in APARTMENT BUILDINGS. I want to focus on OPPORTUNITY ZONES. PLEASE HELP.
Congratulations on starting your business.
Let me start by reminding you that the first and best source of capital for your startup is YOUR FIRST CUSTOMER (and all the customers that are willing to pay for your product or service). In fact, you'll find that most startup capital comes from business operations, personal sources, friends and family: https://www.youtube.com/watch?v=U470xXKfDyE
So, if you're looking for startup money for your business, find your customers.
With that said, real estate investing is considered "speculative", and few traditional lenders (including SBA approved lenders) provide capital for speculative businesses. However, there are a few organizations that support access to capital for opportunity zone initiatives.
My partner and I at Recon Realty provide capital for residential rehab and development projects: https://www.veteransbuyamerica.com/
CDFIs such as PeopleFund is supporting projects in opportunity zones in Texas.
Crowd Funding is a way that some start ups are able to raise money without giving up equity. Republic is one website which is used for this and I know a small startup that raised $ 100000 on it.
Hi....try contacting Mike Fuller...he does SBA loans but may have resources for you if he can't help. Tell him I gave you his name via ACP...
Michael J. Fuller, LTC (USA, Retired)
My Military Financial Services
This is not my area of expertise, but I do sit on a planning and zoning board. Our local Chamber offers help and they have a group of retired business people that review your plan. Local chapter of SCORE. May call your local Chamber. Also, not sure if your state has a State Housing Authority that may assist you.
Just some ideas and best to you!
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