Question
I am creating a simple service company in Plumbing and Service market, local in Los Angeles, with ready business to be inherited by parent companies. I want to see if I can utilize a crowdfunding platform to raise funds for acquisition of a small, or multiple, operations. We have good return and yield, licenses and we can capitalize, but we would like to test this method for a larger upcoming project.
Answer
I would suggest Lendingclub.com. This is more crowd funded loan rather than an investment. If you can quickly generate cashflow you should be able to payback the loan at a low interest rate.
The advantages here are:
- You can get the loan within 1 week
- You don't have to give up any equity in your business
- Super low interest rates and easy payments.
