Hello! Recently I've gotten tired of having clients come over to my house to record. So I was wondering how do I get funding for a studio? I heard of these angel investors but I'm not to fond of them. Also I dont have A1 credit. I was wondering what Credit Score I needed?
I have already scouted out places in Los Angeles, CA. and I found tons of places, thats only like 1000-1500 a month.
You could have a credit score of 7 gazillion and no investor in possession of a brain would be interested.
$7-10k? You clearly have no idea what you're asking them to invest in. Commercial studios will spend more than that simply getting somebody to design it. They'll spend more than that on cabling. They'll spend more than that on furniture. You're in dreamland. Multiply by 20 you might be able to do something.
The only way to fund a studio is through your own hard cash. Investors invest - they don't donate. Investing is where you put money in and, in as short a time as possible, more money than you put in comes out. Very few studios achieve this - particularly those in the 7-10k - ie project studio - bracket.
Even if they did exist, you would need a proper business plan to show them. Your post to me suggests you don't have that.
No real investor is going to put the money up. No bank is going to put the money up.
If you're not going to make the money yourself, you're going to need to find people who just really CARE about what you're doing. If that's not a friend or family member or something like that who cares about YOU, then you need to look at who you can collaborate with that has access to some of the resources you lack... and cares about the project.