Need Start-up Capital for SPC
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  1. #1

    Need Start-up Capital for SPC

    Is there any way I can get startup capital for a disabled business owner in CA whose business is under an SPC corporation, The Client has a business account have plans to show but no funds

  2. #2
    Senior Member Reputation points: 227883
    Join Date
    Feb 2017

    Option 1) Friends and Family
    Option 2) Startup loans via business credit cards and/or personal credit cards and/or personal loans (if the client can show personal income on their tax returns), but these will all require 700+ FICO. (Unless the challenge is maxed out cards.... there's a solution for that, but it's much more expensive.)

  3. #3
    Senior Member Reputation points: 78886 Olderguy's Avatar
    Join Date
    Sep 2021
    Irvine, CA

    SBA Micro Loan for start ups..

    Midwest Corporate Credit does business credit cards for start ups. As Micah stated, need decent credit score.

    Collateral based loan - real estate or other asset.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    Broker, Underwriter, general business loan expert

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

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