Me and my friend just moved from Ukraine, left our businesses and homes there, we left everything and moved to US. Now we want to start a car rental business in California but I don’t know where to get funding, $50,000 at least. I already considered: Loans - it’s hard to get one without credit score and collateral, already got rejected from all the major banks and they ruined my credit history, because now I have 17 hard inquiries Business credit cards - already applied for all of them, got rejected CDFIs - they can give you a loan to start, but their requirements are either 3 months in business or any sources of income GoFundMe - I started a crowdfunding, but no luck so far, we got just one $100 donation… Government grants - I don’t have any idea how to get them, there are more than 1000 programs, they also want to see your business running What can you recommend to secure $50,000 to start? Are there any programs for startups or specifically for refugees?

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  • primusinterpares@alien.topB
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    10 months ago

    Your expectations are not in line with the realities of how grants work here. No one is going to just give you $50k, refugee or not.

    That being said, these are your most likely-possibilities outside of grants:

    • Seller Financing + SBA Loan
    • Friends & Family
    • Loan Sharks
    • Convince an Angel Investor
    • Work your ass off and save every possible penny for a long time
    • Honest-Height-6802@alien.topOPB
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      10 months ago

      How to get an SBA loan, what banks are giving SBA loans to startups?

      How to get a loan from loan sharks, can you please advice any specific loan sharks?

      Where do I find an angel investor?