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Struggling Business

Discussion in 'Business & Startup Investing' started by holden, 23rd May, 2014.

  1. holden

    holden New Member

    Joined:
    23rd May, 2014
    Posts:
    2
    Location:
    Victoria
    I have a number of retail sites and would like some advise on how to raise funds when the banks are being difficult. I have 2 years on each of the leases and I dont think it as simple as closing down. The business has growth potennial and has been operating for over 20 years, but have been unable to secure captial. Any advise would be helpful.
     
  2. Terryw

    Terryw Well-Known Member

    Joined:
    9th Jun, 2006
    Posts:
    653
    Location:
    Sydney
    There are a few things you could possible do. But why do you want to raise capital?
     
  3. holden

    holden New Member

    Joined:
    23rd May, 2014
    Posts:
    2
    Location:
    Victoria
    My thoughts are that I need to try and trade of the cumulating debts by raising funds and redirecting the business
     
  4. jodie123

    jodie123 Active Member

    Joined:
    15th Aug, 2012
    Posts:
    34
    Location:
    Brisbane, Qld
    Sounds like you've answered your own question.