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  1. #11
    Junior Member
    Join Date
    May 2020
    Posts
    4
    I think it is necessary to think about investor help

  2. #12
    Member
    Join Date
    May 2020
    Location
    Sarasota, FL USA
    Posts
    43
    I would say go friends and family route first. In terms of equipment either find it used or lease it. At least for the
    first year or two. It will be hard to get a small business loan with anything less than two years of tax returns, you
    will probably need three. If you go to a hard money lender you will pay interest in the teens.

    **I am not a certified accountant or money manager**

    Also, if you have financial discipline and a good credit maybe open a new credit card with a no interest period.
    For the first couple of years of your business it will be easy to draw credit from your personal finances since
    the business will have no track record.

  3. #13
    Junior Member
    Join Date
    Jun 2020
    Location
    Ho Chi Minh, vietnam
    Posts
    11
    You can spend a little money to run your own business, coffee business does not need to borrow too much

  4. #14
    Junior Member
    Join Date
    Sep 2020
    Posts
    5
    thanks for sharing!

  5. #15
    Junior Member
    Join Date
    Jun 2020
    Posts
    22
    Bank term loans and lines-of-credit are by far the best financing options for new and existing coffee shops. Banks are able to offer financing to coffee shops at such low rates because the traditional lenders are unwilling to take much risk.

  6. #16
    Junior Member
    Join Date
    Apr 2020
    Posts
    9
    Quote Originally Posted by duyngaodu View Post
    You can spend a little money to run your own business, coffee business does not need to borrow too much
    Didn't get you could you please be more exact?

 

 
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