Plan A) Don't fail. If we are able to bring in a moderate level of revenue, we could probably cover the costs of repayment, even if we had to halt further development.
Plan B) Suck it up, and pay for it for the next 5 years. Obviously, this plan sucks, but it's better to have tried, isn't it?
I'd love any other ideas for financing- We want to make this happen; I'm just looking at it, and seeing a loan as the most achievable option. I'd love to be wrong ;)
Finding angels isn't as hard as you think. Someone you know or someone your founders know has a connection that can be used. Find it and use it. Angels tend to know other angels, so all you need is to find one. Even if that investor doesn't want to invest, there's a good chance they'll be really excited for you (having been there themselves).
If they don't help you out financially, they might connect you with angels they know.
The short version: if you already have traction and are passionate, find an angel.
Plan B) Suck it up, and pay for it for the next 5 years. Obviously, this plan sucks, but it's better to have tried, isn't it?
I'd love any other ideas for financing- We want to make this happen; I'm just looking at it, and seeing a loan as the most achievable option. I'd love to be wrong ;)