Where do you get a quick dirty (high interest but not murder interest) business loan in US for a Delaware Corp-C? Whatever I google, I get only the big banks / capchase etc which are all RMR driven and require substantial credits check.
For me it’s:
- Corp-C has no runway
- Majority Founder is not in USA (so no possibility for private credit check)
- up to 10k RMR
- Zero runway (Founder that is me, is already homeless, second person in company not paid 1 month)
- Really good AI product in market with several proposals on the table
We need like $50k to survive a couple of month and close the investor deals / proposals we have on the table and we can then head towards series A but at the moment because of some random events happening, the situation looks nightmarish.
A point that wasn’t mentioned is that if you are 1 month behind on payroll, you need to fire your employee ASAP or at least make them a member and pay them in equity.
That should be solved before you dig a deeper hole.
Employee doesn’t have cash himself and doesn’t want to accept equity. 1 person behind on payroll, I haven’t been paid for months