Angel investers for women owned small vintage clothing store.?
My credit is not the greatest and I need help with the first and last months rent on a lease for my store. I have'nt pursued searching because I don't have the startup costs. I do have the inventory because I have collected and worked as a partner in a store already. My startup costs are not over twentyfive thousand. Does anybody know of any women based angel investors. The only ones I have read about are for techinacal and huge co. Im just wanting my dream boutique. Please help if you have any info. And not sbc or whatever there called. They are not helpful.
sorry about the misspells. Im at work and in a hurry.
Angels are small venture capitalists who usually want to invest 100k to a few million. They don't apply to your needs. Bad credit means an SBA or traditional loan is out, especially in this economy. However, you're a woman and that helps. If you're a minority that also helps. Look at taking on some partners in the business who will invest but leave you to manage it. They're usually called silent partners because they don't participate in managing the business day-to-day. They're only interested in profits. Try to structure a 5-7 year (or longer) payout so you're not strapped monthly trying to pay them. You need room to breathe and re-invest profits into the business to expand. Hit up friends and family to participate as well. If you've got an established reputation it helps. Finally, if none of these works, BUY a shop. In this market, you might find someone willing to finance the purchase for you. They get relief from operating the business and you assume ownership. Even if you have to pay a higher premium to do this, it might be worth it in your circumstance. There's your 10-point answer that will cost you nothing in consulting fees. (smile)
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