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?
If anyone wants to become our investor please contact me, we’ll discuss!
First, I’d consider somewhere else to do business such as a red state (economic freedom).
Quite frankly, and with all due respect, you represent a high risk.
You are not a citizen. You do not own property or have any assets.
If I lent you money, it would be unsecured.
If you didn’t pay me back, what recourse would I have?
Also, you are going to need a whole lot more than $50K to start up a mom and pop car rental agency.
$50K isn’t enough for operating capital.
I’m not planning to compete with Hertz or Avis bro 😂 Imagine you’re just buying 1 car and renting it out to your friend. Don’t overcomplicate.