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!

  • primusinterpares@alien.topBEnglish
    1·
    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.topOPBEnglish
      1·
      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?

  • endthefed2022@alien.topBEnglish
    1·
    10 months ago

    No one will give you money for an endeavor with zero collateral. You will need cash to start things up, maybe after a year to 6 months of positive cash flow will someone consider you…

    Niestety nie jest prosto…

  • TheElderFish@alien.topBEnglish
    1·
    10 months ago

    I guess I’d ask what differentiator you have that is going to make your car rental business more competitive than all of the other car rental businesses in CA?

    • Honest-Height-6802@alien.topOPBEnglish
      1·
      10 months ago

      I’m not planning to compete with Hertz or Avis that’s the most stupid assumption I ever heard 😂 Imagine you’re just buying 1 car and renting it out to your friend. Don’t overcomplicate.

  • Bob-Roman@alien.topBEnglish
    1·
    10 months ago

    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.

    • Honest-Height-6802@alien.topOPBEnglish
      1·
      10 months ago

      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.

  • 126270@alien.topBEnglish
    1·
    10 months ago

    So you and your friend ran a successful car rental business in Ukraine?