I found what seems to be the perfect property for all my startup ideas, for so many reasons- and I don’t know how to fund it.
$295k in South Carolina
I have the paperwork filed for my business, and I have interested clients due to my current and previous jobs. Only thing is- I am not able to do the work.
It’s an automotive related business so I’m not sure how I can start the business without the commercial spot to do so. However, without the cash flow, income, and reserve assets, I am struggling to find a type of business loan that is made for this circumstance.
I don’t plan on doing anything major in terms of spending money on changing the building & shop that is currently there. It’ll work fine just the way it is. One of the reasons why I have my eye on it.
You aren’t going to find a business loan starting off that doesn’t come with a personal guarantee (second mortgage on your house, personal loan etc)