| Question re: Financing Projects
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gmac17
msg:4228929 | 8:14 pm on Nov 10, 2010 (gmt 0) |
Do you allow financing of your projects, and if so - what are the terms?
Does anyone work with / point potential clients to an outside lender?
IE - when a possible client says, "I love your work and want to start with this $20,000 project - but I simply can't come up with the $10,000 for phase 1 " - Does anyone say "call so and so, they may be able to lend to you..."?
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chrisranjana
msg:4229961 | 2:24 pm on Nov 13, 2010 (gmt 0) |
You are talking about venture capitalists ?
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Staffa
msg:4230008 | 5:30 pm on Nov 13, 2010 (gmt 0) |
If that possible client can't come up with the $10,000 for phase 1 what are the chances that he CAN come up with the $10,000 for phase 2 ?
I would, in very diplomatic terms, tell him to come back when he has his financing sorted out first.
Unless you are familiar with a particular lender to refer that client to then he better talks to his bank first.
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gmac17
msg:4231199 | 9:51 pm on Nov 16, 2010 (gmt 0) |
Staffa - There are a ton of businesses out there who are profitable / healthy, but who don't have $10k in the bank at any given time.
If you could point them to someone who would loan them $20,000 - they would immediately have the money to sign up for your $20,000 project.
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