Startups Anonymous Est. 2013 · Read-only archive
Questions

How to get through funding gap!? Ideas for quick funding?

Currently founder & CEO of a company, which is currently in the business of brokering an unregulated commodity, to be bought from suppliers, then sold to recycling companies for processing and precious metals refining.

We are just about to break into being a revenue company; there is a 2MM/yr contact which will be signed in the next week or so, of which we will receive approximately 200k; In addition to several other 1MM+ contracts which are in the works and will be signed soon. Also, the company has $2,500 in grant funding along with another 25k in grant funding, to be released to the corporate account in 6-9weeks.

For now, I have all of about $10. I need a way to maintain operations and living expenses for the next 6-9 weeks until the contracts and funding come through. Any ideas?

6 answers from the community

AAnonymous· Jun 3, 2015

Well how much are you looking for? If its 10K I am SURE someone will fund you if as you say you have a 2MM contract with 10% down to be signed in the NEXT WEEK. Heck get it from your credit card.

AAnonymous· Jun 3, 2015

+1

AAnonymous· Jun 4, 2015

True, having it signed and anticipating it being signed are two different things though. I guess I can post offers for investment opportunity and pitch a bit.

AAnonymous· Jun 4, 2015

Try Kima Ventures, Lightcore Labs, Angelslist, your local development bank for bridge financing, or if you're creating jobs reach out to your local economic development office for sponsorship.

As a very, very last resort should you ever consider factoring a contract.

AAnonymous· Jun 4, 2015

LendingClub man.

AAnonymous· Jun 5, 2015

So, i guess due to unpaid student loans and an unpaid hospital bill, my credit is 487. Makes it quite difficult to obtain financing. All parties are in agreement, the contracts will be sent to be signed probably tomorrow and everything will be finalized by the end of the month.