search: results update below


browse funds: selections are stored



recently rated:

Rated by 2
5.0

top rated funds:

Rated by 12
4.1

Rated by 12
4.0
 

Rated by 11
4.0
 

Rated by 15
4.0

Rated by 21
4.0

Rated by 31
3.9

Rated by 41
3.9

Rated by 11
3.8

Rated by 44
3.8

Rated by 106
3.8

Rated by 32
3.8

Rated by 31
3.8

Rated by 64
3.7

Rated by 23
3.7

Rated by 27
3.7

Rated by 13
3.7

Rated by 11
3.6

Rated by 17
3.6

Rated by 10
3.6
 

Rated by 62
3.6

Rated by 21
3.5

Rated by 12
3.5
 

Rated by 28
3.4

Rated by 19
3.4

Rated by 14
3.4
 

Rated by 49
3.4
 

Rated by 31
3.4

Rated by 16
3.4
 

Rated by 11
3.4

Rated by 10
3.4

Please take a moment and make a financial contribution to TheFunded. If we have helped you, help us with resources to further grow the both the site and our entrepreneur training program, The Founder Institute.

Member Post

TheFunded.com is an online community of over 20,000 CEOs, Founders and entrepreneurs to discuss fundraising, rate and review angel investors and venture capitalists, and discuss strategies to grow a startup business. Enjoy the site, and be sure to join us at our Founder Showcase events to meet the community.

Sign-up for Membership

0
Agree
0
Disagree

Angel Funding or Business Loan?

TheFunded.com Advice

Posted by DecisionTime on 2013-06-17

PUBLIC:

For my new venture I need to raise $1.5M - $2M to get to profitability. The business is a local NYC retail opportunity leading to ecommerce in 2-3 years (dictated by pace of certain legal changes). It could be a great cash business or scaled with more investment to shoot for something huge.

I've found a bank that has made similarly or larger sized loans to restaurants and other businesses in NYC and can get an intro from a multiple-time successful loan recipient of the bank. I haven't started fundraising yet but have been planning on angel funding, have 250K committed so far, and am confident I can raise what's needed. Should I pursue both these options at once? Is a business loan I'm personally on the hook for, and a shorter-term plan to be more of a 'family' business a good idea versus raising money from angels, on a path to venture funding, with the goal of scaling asap? I'm confident the business can make money and be profitable if I go the loan route. I also imagine I could go the angel/vc route later if I start with the loan. Any ideas or thoughts or advice would be welcome.

PRIVATE: Members Only