Immovable Feats

Beware Of Frauds

Fraud Alert

There is fraud in every kind of business, and the Internet is no exception. Protect yourself from scams. Hesitate to do business with anyone who charges you costly upfront fees or makes silly guarantees. Run from anyone who wants to offer you capital to run the company themselves but keep it in your name. And lastly, says Anderson, "Think twice if you hear any of these terms: offshore financing, no qualifying necessary, tax-free, a loan with no payback requirements."

Yes, the Internet affords endless opportunities and opens a new world of financing for start-ups, but remember that in the end, as in any business deal, it's the unique business concept, the flawless preparation and the confident presentation that will pique the interest of most legitimate investors. For now, go sit in your chair, get online, and get to work!

  • Garage.comspecializes in helping and funding high-tech businesses.
  • Seedstage.comserves as a matchmaker for Texan high-tech ventures and angels.

  • Dsm.comspecializes in IPOs and private placements for emerging companies.

  • Theelevator.comis open to all business ideas and will listen to virtual pitches.

  • LoanBiz.comis an Internet marketplace for real estate, collateralized loans and some small-business loans.

  • Cfol.comis a free service for entrepreneurs, automatically matching your needs with potential investors.

  • LiveCapital.comallows you to apply online for a traditional loan and get an answer in five minutes.

  • Businesslenders.comis a large nonbank SBA lender. Submit your application and get a response in three days.

Suzanne DeWalt is a freelance writer and an expert at doing things the easy way. She's the author of How to Start a Home-Based Interior Design Business (Globe-Pequot Press, $17.95.

Contact Source

Allegiance Capital Corp.,

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This article was originally published in the July 2000 print edition of Entrepreneur with the headline: Immovable Feats.

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