Ideas on financing

[A Witt]

Hello,

We are from Germany and we are running an online-shop for several years.
For years, the idea is growing that we should produce our own products
(produce means: have a factory in China, that will produce for us).

And now the situation here: banks are not willing to give loans based on
business idea. And the other problem is, the necessary amount is too low for
VC companies or others.

Whom would you contact?

Thanks
Alexander

[John A. Weeks III]

In article <grOdnWkBQ8cwOx3U...@supernews.com>,
"A Witt" <awi...@web.de> wrote:

Your personal banker, your relatives, and your credit card company.
Companies of this size are almost always financed in one of two
ways...bootstrapping or love money. Bootstrapping is where you
have an existing business, and you plow the profits back in for
expansion. Love money is money that friends and relatives give
to you because they love you, and not because they are investing.
Your personal assets can also be used, such as using your savings,
taking a mortgage on your house, or running up credit card debt.

-john-

--
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John A. Weeks III 612-720-2854 jo...@johnweeks.com
Newave Communications http://www.johnweeks.com
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[A Witt]

"John A. Weeks III" <jo...@johnweeks.com> wrote:
> "A Witt" <awi...@web.de> wrote:
>> We are from Germany and we are running an online-shop for several years.
>> For years, the idea is growing that we should produce our own products
>> (produce means: have a factory in China, that will produce for us).
>>
>> And now the situation here: banks are not willing to give loans based on
>> business idea. And the other problem is, the necessary amount is too low
>> for
>> VC companies or others.
>>
>> Whom would you contact?
>
> Your personal banker, your relatives, and your credit card company.
> Companies of this size are almost always financed in one of two
> ways...bootstrapping or love money. Bootstrapping is where you
> have an existing business, and you plow the profits back in for
> expansion. Love money is money that friends and relatives give
> to you because they love you, and not because they are investing.
> Your personal assets can also be used, such as using your savings,
> taking a mortgage on your house, or running up credit card debt.

Thank you,

These are obviously the ways. When I was young, it was easy to get a loan
from a bank here in Germany. The director looked at the business and the
person and decided (ok, there was paperwork to do).

Thanks
Alexander