Palmetto Coast Posted May 17, 2011 Share Posted May 17, 2011 Hi all, Some of you may recognize me. Hell, I've been on here asking questions since Jan. 2008. Well, as my dad says, "Its time to %#@t or get off the pot." I seem to be at the point of spending money and have gotten ok with that. I do know that I don't have enough for the entire venture. I hope to have a space before the end of the year. I know that all of you that are actually distilling have gotten there many different ways, so I thought some of you might lend your wisdom. Just so you know, I am talking with banks, potential partners, etc., I'm not expecting to get all the answers here, just sound advice. Some of you have financed yourselves, gone through banks, had investors, or sold stock. I am considering the investor option as well as the banking. Here are my questions and dilemmas: If I finance with a bank, I will generally need to start repaying right away. So in effect, I am paying back before I am even setup. I have a problem with that. If you went the bank route, how has it worked for you? Did you do SBA or some other type? Any suggestions? For those of you with outside investors, what options/incentives did you consider offering in the contract? I could just offer a % of profit. Could offer repayment plan + interest based on prime. Could offer product. What were some ideas that came across your plate? I'm not looking here for investors, just advice. Thanks for all your help over the years. Hope to run into more of you eventually. Todd Weiss Link to comment Share on other sites More sharing options...
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