Question:
If you were starting a business and you planned to invest 75,000 in the business but your financial forecasts indicate that you will need another 650,000 and two banks have turned you down both of them citing the risk involved in small business startups and one of the SBDC consultants suggest to you to consider searching out equity capital and it sounds promising but your questions are how do I find equity investors? where do I start my search? what are my options? which equity sources would you recommend for me? Explain and what are my advantages and disadvantages of using equity capital?