Investor advice

[Robert Lindsley]

Hi there,

I've been trying to raise $45k for a couple of months to finalize a deal, but haven't been able to find the right partner.

I came across a company, The Funding Group (TFG) which goes to all their lenders and raises money on your behalf.  In exchange for that they charge a 12% fee.  Also, each lender they go to needs to run a credit report.  As a result you can have multiple hits on your credit with no guarantee of getting the funding.

I'm looking for some advice here.  How should I approach this?  I'd very much prefer to find my own lending source, but it hasn't worked out (mostly because the loan would be a second lien position due to the seller financing).  Is something like this a terrible idea?

Thanks for your help!
Robert.