I have an excellent business opportunity requiring around R200k investment to realize a first 12 month gross of around R1.3 mil. I have a good business plan, but although all the major banks label it as "Excellent", I cannot get any financing for it. Reason: I lost my construction business (of 20 years hard slog) 2 years ago to this recession when the interest rates started rising, and have no security now for the investment. They want an own input upfront, which will have to be created by this new business! Catch 22 illustrated! I am now looking at private investors but it is very difficult. I tried the 4 major banks, IDC, Business Partners, another big bucketful of guys, but no luck. Nothing will work.
Is there anyone on this forum who can give me any advice as to what I could try next? This is a low investment high profit business, so somewhere someone must be interested! How do you get to them though?