topic Re: Amone? in Business Credit

Amone?

Zeno — Tue, 01 Jan 2013 06:36:56 GMT

I was looking for investors or lenders to help start a restaurant prosperity lending told me to apply at amone.com has anyone used them?

Re: Amone?

Creditaddict — Tue, 01 Jan 2013 09:40:15 GMT

I'm tired so don't want to dwell into all info off site but it doesn't really look like anything that you would want... I mean at first clance yes it seems like loans, fixing, etc. are options but it all is same form and is it even going to different departments or actual banks or are they just like that other terrible once I have gotten twice that offer you loan but then once they have approval from you to pull credit, they then say sorry no options for loan but did you think about consolidating in credit counseling, or settlements and destory your credit more or make you do damage even more to try to settle. I could be wrong, but tip toe softly into that water with out others chiming in with personal experience.

Re: Amone?

Project17 — Thu, 03 Jan 2013 05:33:36 GMT

Not sure about them but finding lending for a restaurant is very very difficult .. Your best bet is always a private investor if you can find one. Even people with great personal credit get turned down for lending when it involves a restaurant or bar. My wife and I do restaurant consulting and see it all the time.

Re: Amone?

Zeno — Mon, 07 Jan 2013 23:34:19 GMT

where should i start looking for an investor? i've received an email from Subprime Business Funding, LLC website is subprimebusinessfunding.com another investor is james bullock with JDb financial llc

Re: Amone?

Project17 — Tue, 08 Jan 2013 00:31:23 GMT

The sub prime business funding looks like a advance type loan on credit card transactions. The second site is just a middle man type company..

Honestly you would need to know of some one that would invest in the restaurant.. A friend or a friend of a friend.. Or with strong personal credit and collateral

you could get a loan at a local bank. But you would have to put up something of that value (house, Boat, etc).

what is your experience within the industry?

Re: Amone?

Zeno — Tue, 08 Jan 2013 02:39:04 GMT

I've been cooking for years i cook since i was young for my family and other people over 30 years they've all said i should start my own restaurant

Re: Amone?

Project17 — Tue, 08 Jan 2013 05:17:02 GMT

No experience working in any restaurants at all?? To be blunt you won't find any private investors or lenders with out experience "running" a restaurant.

Restaurants are a tough business and its alot more then just cooking good food... You need to go work in a few different restaurants and work your way into management and then think about opening your own restaurant.. I have seen many many restaurants fail and its do to lack of experience and the will and drive to run a restaurant.

Re: Amone?

Shogun — Tue, 08 Jan 2013 07:42:51 GMT

+1 Being able to cook and being able to run a business are two totally different things.

Re: Amone?

User655500 — Tue, 08 Jan 2013 14:40:28 GMT

Hello to all. We wanted to take this opportunity to directly answer the pending questions about our company. AmOne is a free service that helps people find the right financial solution for their individual situation. Depending on the responses entered on our online form, AmOne in many cases is able to immediately provide an applicant with an option, or options, online.

In addition to solutions that are instantly provided online, and to ensure we match individuals with their best solution, AmOne has live representatives who are available to answer questions and who can further refine an applicant’s options after a brief discussion.

When speaking with an AmOne representative, you will be asked certain questions that help us get a better understanding of your goals and current credit situation. While going through this process, if you are unaware of your own credit situation, AmOne offers a way to gain access to this information. This process is completely voluntary, and if an individual is unable to or unwilling to gather this information, we will use an applicant’s best guess when looking for matching providers.

People who use AmOne's free service are under no obligation to move forward with any solution provided, so if the options presented do not work for you then you can simply walk away. You'll certainly be no worse off, and odds are that at the very least you will walk away with a better understanding of your situation and what options exist for you.

AmOne is able to offer our service for free because we are compensated by many of the partners we work with only when an applicant moves forward with their solution. This means that it is in our best interest to get each client connected with the best possible solutions that give them the best chance for a successful outcome. If you don't succeed, we don't succeed.

To learn more about AmOne, we encourage you to visit TrustLink, a company that was originally founded by the Better Business Bureau, to read reviews on AmOne. We have 5 out of 5 stars on TrustLink with over 500 reviews, as well as an A+ BBB ranking.

Should you have any additional questions, please feel free to contact us using the toll-free number provided on our website.

Re: Amone?

Zeno — Tue, 08 Jan 2013 17:31:56 GMT

plenty of people have ran a business and not knowing how to cook then had to close down and if they don't know how to run a business they hire someone to run it for them i'm not worried about that there are a lot of people opening a business for the first time in my city there are lots of people that have opened a business for their first time and still open because they know how to cook don't know how it will go until it's open not letting that stop me

Re: Amone?

Project17 — Wed, 09 Jan 2013 04:50:53 GMT

Wasn't knocking you at all just stating some facts as I know them.. Yes you could hire a experienced manager to run the business but that requires more cash on top of all the other expenses you will need to pay for. A successful restaurant is more then just good food it's the whole experience. Can you be successful with just good food? Moften it often not. Can you be successful with ok food and good service? Yes. Not knowing how your business is suppose to operate could you cost you everything.. The restaurant industry can be a shady industry and some people would have no problem screwing you over In a minute and you may not even know it till its to late.

But in terms of getting funding from a lender or investor its not going to happen.. You would have to tap friends and family for the money.

Re: Amone?

Zeno — Wed, 09 Jan 2013 19:30:49 GMT

i have experience in being a manager

Re: Amone?

Project17 — Sat, 12 Jan 2013 01:37:52 GMT

In a restaurant? General Manager? You didn't mention that you just said you cook for friends and family..

Re: Amone?

Zeno — Sat, 12 Jan 2013 02:00:44 GMT

Yes a manager for restaurants i also have cooked for homeless people and friend of a friends a lot of people all say i should open a restaurant including my brother in law who owns his own business but his is different his work is dealing with government and corporations

Re: Amone?

Project17 — Sat, 12 Jan 2013 02:05:40 GMT

Still lack the critical GM or above experience that lenders/investors want to see.. At those levels and 10+ years of experience you should have a full understanding of the business and most importantly the financials of running a restaurant..

What certifications do you have within the food service industry?

Re: Amone?

Zeno — Sat, 12 Jan 2013 02:35:10 GMT

I have over 10 years of experience and i've seen people start a restaurant with no experience it's their first time i have talked to them

Re: Amone?

Project17 — Sat, 12 Jan 2013 02:55:44 GMT

You should find out where they got their start up money from.

What certifications do you hold? These help!

Re: Amone?

Project17 — Sat, 12 Jan 2013 03:01:11 GMT

You should have mentioned you don't have any credit!

You won't get a loan any where no matter what with no credit..Alot of investors even want to see your credit scores.

Re: Amone?

Zeno — Sat, 12 Jan 2013 03:03:54 GMT

they leased a building and bought equipment

Re: Amone?

Project17 — Sat, 12 Jan 2013 03:09:33 GMT

Even if you could get a lease some place you still need the equipment , working capital etc.. No credit=no money from lenders..