Is it Worth Raising a Small Amount of Convertible Debt?

Discussion in 'Growing and Managing a Business' started by innovite34, Dec 19, 2013.

  1. innovite34

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    Sep 7, 2013
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    I have a software startup that I was bootstrapping but ran out of funds. We need $1500 to make the last payment for development costs. My credit is poor, so a small business or even micro loan is out of the question. I'm looking into a crowdfunding platform like Angel list or Fundable to raise convertible debt of $2000 but is it even worth it for investors? I don't want more and I'm not interested in giving away equity.

    Also, if we get approved for the convertible debt option how soon could we get the money?

    Advice welcomed.

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