Start-Up

[Nii Abeka]

Hello everyone,

I would be very grateful for your advice on this.
have some money I intend to put into my new business. However I need double the amount I have to start. Is it possible that I can raise this amount quickly, say in three weeks, using the original amount I have as collateral?

Thank you.

[simpletron]

go to the nearest casino, bet it all on a single hand of blackjack, almost a 50% chance of doubling your money.

the only ways that can double you're money that quickly involves a lot of risk. you could take out a loan for equal amount, but then you would have to pay back the loan.

[disneysteve]

I don't know how much money you are talking about, but many start-ups depend on financing from friends and family. Have you asked if anyone is willing to invest? Many also use, though I don't recommend it, personal credit lines like credit cards and home equity. And then there are professional investors who fund start-ups on a regular basis.

[wincrasher]

Originally Posted by disneysteve

there are professional investors who fund start-ups on a regular basis.

and take an ownership position in your business in return

[Alex_Adviser]

Your business may qualify for a grant or government support to help you get started.

The main advantage of grants is cheap financing. For example, you might get a subsidised or zero-interest loan, or even an outright cash grant. In addition, support schemes can provide expert advice, information or subsidised consultancy.

[Shane Watson]

Based on your own resource any financial organization will provide you with loan. All you got to have a good plan. Beside the casino idea is not bad.

[croland]

Depending on the amount of money you need, you can look into micro-financing. For example Prosper, where others lend you the money instead of a bank and you may even get a decent interest rate.

I agree with Steve, if you can find Family/Friends to invest that would be the best route.