Sure, you're looking to secure growth capital via venture debt using a term loan as the instrument. That's fairly commonplace. A hooker on an anonymous escort board soliciting investors? Less so.
Clearly your business doesn't generate enough net income to act as your sole source of income otherwise you wouldn't be here. Expect to pay near usury level interest rates due to the high risk assessment, particularly if you have no assets to secure the loan and are not giving up any equity as part of the deal. Additionally, be prepared for a variety of non-financial covenants protecting the investor from, for instance, any "material adverse changes" to your company.
Also, if you're really a business major you should know that you'll need to provide far more than just your tax return for any prudent investor to take you seriously when they conduct their due diligence. You'll need your tax returns yes but also your business plan, balance sheet, P&L, cash flow statement, and ideally a 5-year Discounted Cash Flow projection. Also, expect to personally guarantee the loan terms regardless of your corporate structure.
Any investor who doesn't require most or all of those things is a damned fool.
Good luck!
P.S. This isn't hobby related so I moved it to the litterbox for further discussion.
Seeking Investor - $15K
