My partner is currently in a labor lawsuit and is due a substantial amount of money. The case is very strong (the lawyer took her on contingency), but the trial isn't scheduled until early next year. It has gone on for over a year already because of a backed up court system, and we have run out of our savings. I run my own kids gymnastics program and also coach at a local gym facility. I would like to take out a $10,000 loan to pay off a debt and keep the rest as a cusion for slow business months. The problem is that I have absolutely ZERO credit history and I am finding it difficult and very confusing to try and sort through what my options are. Up to this point I have been unable to find a co-signer.
I suppose you could say I'm looking for an angel investor. I understand that risk is involved, so I'd be willing to pay higher interest on the loan, and even put my car up for collateral if necessary. I would like to make it a win/win situation--I'd get the money I need, and you'd get a good return on your investment.
I'd also like general feedback about different options that I might have because like I said before, it is all very confusing to me, and I don't want to be scammed.
