Personal Finance

Where to go for a small private business loan?

  • Last Updated:
  • Nov 25th, 2013 8:05 pm
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[OP]
Newbie
User avatar
Jun 27, 2007
64 posts
Brantford

Where to go for a small private business loan?

Hi everyone!
I have a lucrative small business in the health food industry of which I operate within Downtown Toronto.

I was wondering where to look to find a small loan of $7,500?

I need this because all my money has been put in to the business and I am ready to expand to the next level with a product I have exclusive rights to sell in Canada.

I prefer to deal with like-minded health concious business owners. Not banks.

Please let me know. Your help is appreciated!

Anthony
4 replies
Sr. Member
Jun 28, 2006
967 posts
40 upvotes
Greeko07 wrote:
Nov 25th, 2013 6:17 pm
Hi everyone!
I have a lucrative small business in the health food industry of which I operate within Downtown Toronto.

I was wondering where to look to find a small loan of $7,500?

I need this because all my money has been put in to the business and I am ready to expand to the next level with a product I have exclusive rights to sell in Canada.

I prefer to deal with like-minded health concious business owners. Not banks.

Please let me know. Your help is appreciated!

Anthony
$7,500 is not enough to justify the underwriting/due diligence costs.

Fund it personally - If you can't find $7,500 in your own personal funds, you're definitely overstretched.
Deal Addict
Jul 21, 2011
1724 posts
221 upvotes
RMB
There are tons of high networth individual on RFD that has a few hundred K in hand, convince then to invest in you.
Sr. Member
Aug 29, 2004
871 posts
145 upvotes
Send me a PM and we can chat further.
Deal Addict
Feb 15, 2013
2445 posts
553 upvotes
I would loan the money in exchange for taking control of your credit/debit processing - taking a % of your revenue until the principle and interest are paid in full.

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