08-14-2021, 05:04 AM
Combination of loan and investors
submitted by /u/bobandack
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I have asked $40.000 governmental fund to start a business in food chain. These are subordinated loan with 3% yearly interest.
Now after 1 year and achieving some sales (20k) and positive customer reviews, I would like to ask some investors onboard. Although my current sales are worse than my prediction when I asked the loan and I need more fund to go forward.
Since this is my first business and I am not really an expert in fundraising, I would like to know if combination of startup loan and also investor is a normal model for fundraising ?
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