I am trying to startup a mortgage company. My venture would be a full service mortgage lender not a brokerage. I have a marketing plan that I feel will drive business to the company in a sustainable, consistant fashion. I am in the very very early stage of this venture. I am looking to raise some seed money in order to get the company intrastructure in place and establish the proper licenses and approvals so that i can "pitch" this to future investors as an existing company needing capital to expand and develop rather than just an idea and a business plan as it is now.
My question is where should I be attempting to find the "seed" funds. I need somewhere between $250-500K seed money and i am willing to give up a reasonable amount of equity in order to get this thing started.
I have 24 years experience in the industry and have owned my own mortgage company in the past.
Thanks for the feedback.