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What is your favorite way of raising capital for your business in today's tough economic times?

Do you still prefer business loan? Or you look to venture capital or angel investors - any type of private capital, as an alternative? Do you turn to relatives and friends for quick financing? What is your favorite way of getting business capital you need and which do you think is most effective?

Jennifer Lin
CEO, www.MyCapital.com

2 Responses

  • Nov 18, 2009

    V.P.

    I have a project that I feel is good for our country and the energy crysis. I have a dream of a plaza dedicated to providing selfsufficiency to residents and to businesses. "Bowling Green Plaza". Where a combination of Geothermal heating and cooling with Solar energy production can result in a low cost of operation and an investment that will help the bottom line of businesses as well as removing the cost of power for residential homes. In this plaza which is in itself a testimate to the technology also will provide other "Green" products and services to individuals and businesses. Converting gasoline cars to natural gas as an interim salution to oil as well as a natural gas station for the area.... Hydrogen production and station for new hydrogen cars.... Solar technology for everyone...conservation tools to save our planet... All of this within one Plaza for all to learn and use. This project would provide jobs and opertunities for all. I a grant would make this possible.

  • Nov 20, 2009

    President

    Hello Jennifer --

    I am not a lender but have many clients who have spent a good part of this year looking for funds. I think that part of that answer comes from the region you operate in and the maturity of the business. In Florida, there are still lending opportunities available -- higher interest with more personal guarantees. Many of the big banks here have clamped up all but completely.

    The SBA has tightened up dramatically this year, however it is looking as if some banks are beginning to lend more. Everyone comes to my office looking for PC or angels but are having very little luck.

    How are things on your end of the spectrum?

    www.jessicahadler.com

What do you think?

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