How to get financing???

[Jamille Smith]

Perfect ROI Opportunity!!!
I am a newbie to investing. I am interested in opening a laundromat. I have a space in mind but no money to get started. Where/How would I to start to get this project going? 

[Hamp Lee III]

Welcome to BP!

Thanks for reaching out on the forums.

I would recommend a couple of things.

1. Contact your local chamber of commerce. They may have groups, businesses, or programs that can help. Networking is always good.

2. Check out the Small Business Administration. There are SBA programs and grants for women. Check out SCORE as well. They provide courses and mentorship opportunities.

3. Look for grants. As an African-American woman, there are grants for helping with business startup. Here’s an example of grants for women: https://www.nerdwallet.com/art...

4. Gain valuable and complimentary experience. Getting experience in this space might be helpful to building your knowledge base and helping get your first start.

5. Be ready for opportunities. Your networking may find someone that wants to sell one. Their costs and or may be such that you can get started.

6. Don’t despise the days of small beginnings. Your ending will not be your start. If you start small, be thankful. Where you are today…where you start…is just the beginning. Keep going.

There are programs to help you. You can build your own table. Keep knocking on doors. The right one will open.

I wish you all the best!