How can I get international funding support for a business?
I want to start a service-oriented business - Auto Carpet Cleaning Services in Malaysia. All this while, only manual cleaning available. I have done my homework and produced my business plan, which I am ready to share with any agreed party. The capital cost to start this service business is in a range of USD200,000-USD300,000.
Growth is a major part of my business plan, i.e. to open up branches in the different Malaysia States (13 states in the country).
Having a monopoly type of business is my strategy since this will be the first service in my country.
I predict that demands will be high, as to cater to elite residential areas as well as normal areas. The duration of delivering back customers is a very fast, 2-day turnaround.
I have tried with a local financing institutions but none of them interested to entertain my application, as I want to start my new business. They normally need some historical of business performance. I have tried again with a proposal to have a collateral business loan, using my free loan asset. Unfortunately, my application was still not successful. Due to this difficulty, I am now trying hard to get from any international funding organisation. I believe that this new business really have potential in making good profits. Hope give some detail explanation for the international financing help.
Based on the size of your need business brokers are a good option. They will have access to their HNW network (High Net Worth) and will help you put your business plan together (in the right shape) and pitch to their network.
Keep in mind the normal type of commission they will charge is 5%-10% of funds raised. So if you need $300K they will raise $330K and retain $30K.
No need to deal with banks using this process if you know someone wealthy who likes to invest, run it past them.