Where do you get a quick dirty (high interest but not murder interest) business loan in US for a Delaware Corp-C? Whatever I google, I get only the big banks / capchase etc which are all RMR driven and require substantial credits check.
For me it’s:
- Corp-C has no runway
- Majority Founder is not in USA (so no possibility for private credit check)
- up to 10k RMR
- Zero runway (Founder that is me, is already homeless, second person in company not paid 1 month)
- Really good AI product in market with several proposals on the table
We need like $50k to survive a couple of month and close the investor deals / proposals we have on the table and we can then head towards series A but at the moment because of some random events happening, the situation looks nightmarish.
You simply haven’t got anything of any real value. If you could get a loan everyone would start a business in the US and get themselves a free $50k.
We have the exact same product a competitor with $4M in ARR that just got acquired for ca $50M. Just ours has better UX and lots of AI automation built in that the competitor doesn’t have.
Happens all the time, but it’s not really free 50K as you have to pay it back and you put your personal creditworthiness on the line.