So I got great feedback on a business idea and I'm starting to write up a business and financial plan. Gonna do market research and see what different areas may hold for customers. I started to poke around at business and startup loans... well, that was a slap in the face. Even though I've been employed for the past 8 years, I couldn't find a single business loan that didn't require either, a) an existing business, and in business (with a profit) for at least 1 year, or, b) already have a pile of cash in some form or another (equity on a house, etc.)
So, a business loan is completely out of the question as this would be a startup and I rent, not own. Only thing I could put for colateral would be my old pickup. $500 ain't enough.
So, here's my idea unless any of you know of some other options.
Start a company on the internet selling items related to what I would like my retail presence to have. Then a year later... get a loan.
Essentially, it'll be a toy store. I started to look into venture capital for retail stores, but most of them only deal with people opening a franchise.
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