Tag : Funding

Startup Financing – Small Business Funding, funding for business.#Funding #for #business


Startup Business Financing

Funding for business

Funding for business

Wouldn t you love to have a few million dollars to start your business? Me too! With a great idea and a great business plan, you probably feel almost entitled to get the funding you re seeking.

The reality, though, is that for most entrepreneurs, you must prove your concept first before anyone will put up that kind of money. But most businesses require some sort of initial capital for things like inventory, marketing, physical facilities, incorporation expenses, etc.

According to the U.S. Small Business Administration (SBA), While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Sometimes it comes down to simple cash flow–many companies have closed their doors because they just couldn t make it another few months until the money came in.

When exploring your funding options, there are several factors to consider:

  • Are your needs short-term or long-term? How quickly will you be able to pay back the loan or provide a return on their investment?
  • Is the money for operating expenses or for capital expenditures that will become assets, such as equipment or real estate?
  • Do you need all the money now or in smaller pieces over several months?
  • Are you willing to assume all the risk if your company doesn t succeed, or do you want someone to share the risk?

The answers to these questions will help you prioritize the many funding options available.

  • Debt financing – You borrow the money and agree to pay it back in a particular time frame at a set interest rate. You owe the money whether your venture succeeds or not. Bank loans are what most people typically think of as debt financing, but we will explore many other options below.

  • Equity financing – You sell partial ownership of your company in exchange for cash. The investors assume all (or most) of the risk–if the company fails, they lose their money. But if it succeeds, they typically make a much greater return on their investment than interest rates. In other words, equity financing is far more expensive if your company is successful, but far less expensive if it isn t.

Because investors take on a much higher risk than lenders, they are typically far more involved in your company. This can be a mixed blessing. They will likely offer advice and connections to help grow your business. But if their plan is to exit your company in 2-3 years with a substantial return on their investment, and your motivation is the long-term sustainable growth of the company, you may find yourself at odds with them as the company grows. Be careful not to give up too much control of your company.

Let s take a closer look at the many options available for startups.

Friends and family are still your best source for both loans and equity deals. They are typically less stringent regarding your credit and their expected return on investment. One caveat: structure the deal with the same legal rigor you would with anyone else or it may create problems down the road when you look for additional financing.

Prepare a business plan and formal documents–you ll both feel better, and it s good practice for later.

Credit cards are a great tool for cash flow management, assuming you use them just for that and not for long-term financing. Keep one or two cards with no balance on it and pay it off every month to give yourself a 30 to 60-day float with no interest. And the low introductory rates on some cards make them some of the cheapest money around. Managed well, they re extremely effective; managed poorly, they re extremely expensive.

Bank loans come in all shapes and sizes, from microloans of a few hundred dollars, typically offered by local community banks, to six-figure loans by major national banks. These are much easier to obtain when backed by assets (home equity or an IRA) or third-party guarantors (e.g., government-sponsored SBA loans or a cosigner).

If you obtain a line of credit rather than a fixed-amount loan, you don t start paying interest until you actually spend the money.

Leasing is the way to go if you need big-ticket items such as equipment, vehicles, or even computers. Your supplier will help you explore this.

Angel investors fill the gap between friends and family and venture capitalists, who now rarely even look at investments below $1 million. Enlist a savvy financial adviser to structure the deal.

Private lending represents a viable alternative when the bank says no . Private lenders are looking for the same information and will conduct similar due diligence as the banks, but they typically specialize in an industry and are more willing to take on higher-risk loans if they see the potential.

There are many channels available to you to raise capital. All of the above approaches have numerous variations. Put together a solid business plan, talk to a financial adviser, and just start asking. Someone will eventually say Yes .




South African Government Grants, Entrepreneur, business funding.#Business #funding


South African Government Grants

Business funding

1 South African Government Grants options to choose from

Contents

  • What is a Government Grant?
  • Do you have to repay a Government Grant?
  • List of Government Grants for Business
  • Who can apply for Government Grants for Business?
  • Tips on applying for Government Grants for Business

The South African government is well aware of the importance of developing the economy, creating employment and attracting foreign investment.

To make these goals a reality, there are grants and assistance programmes available from the government and associated organisations that can get your business off the ground and expanding.

What is a Government Grant?

It is an award of funds from the government that does not need to be repaid, does not accrue interest, and has strict guidelines for application.

Grants available from the government usually tie in with its key deliverables such as black economic empowerment, job creation and developing the economy – to name some.

Do you have to repay a Government Grant?

Unlike a loan, a grant is an award of money that is non-repayable – meaning there is no obligation by the receiving parties to repay the money received. While the government is one of the best sources of grants, its selection criteria is strict and paperwork intensive, and the receiving business is obligated to spend the funds in a manner specified by the provider.

Most funds available in South Africa have their own specific requirements, so it’s advisable to research each fund carefully to assess their criteria and up your chances of receiving funding.

2 List of Government Grants for Business

Business funding

The best place to start with researching government grants for business is through the Department of Trade and Industry (DTI). By visiting www.thedti.gov.za, you can explore a number of funding options from grants to incentives and all their qualifying criteria. Some grants available include:

1. Aqua-culture Development and Enhancement Programme (ADEP)

This programme is available to registered entities involved in primary, secondary and ancillary aquaculture projects for both marine and fresh water. It is approved for new, existing and upgrading entities. See more here.

2. Automotive Investment Scheme (AIS)

This scheme is designed to grow and develop the automotive industry through investment in new and replacement models and components that will increase production volumes, sustain and increase employment, and strengthen the automotive value chain. See more here.

3. Black Business Supplier Development Programme (BBSDP)

This is a cost-sharing grant offered to black-owned businesses to improve their competitiveness and sustainability. It aims to fast-track small and micro-enterprises, foster links between black-owned businesses, corporates and public sector, and to complement affirmative procurement and outsourcing. It provides grants to a maximum of R1 million. See more here.

4. Business Process Services (BPS)

This scheme aims to attract investment and create employment in South Africa through off-shoring activities. It involves a three-year tax-exempt grant for qualifying businesses. See more here.

5. Capital Projects Feasibility Programme (CPFP)

The Capital Projects Feasibility Programme is a cost-sharing grant contributing to the cost of feasibility studies for projects that will lead to increased local exports and stimulate the local manufacturing sector. See more here.

6. Critical Infrastructure Programme (CIP)

This is aimed at improving the infrastructure of South Africa. The grant covers a minimum of 10% to a maximum of 30% of total development costs of qualifying infrastructure. See more here.

7. The Co-operative Incentive Scheme (CIS)

This scheme is a 90:10 cost-sharing grant for registered primary cop-operatives of five or more members to improve the viability and competitiveness. See more here.

8. Incubation Support Programme (ISP)

This programme is designed to create and develop successful enterprises with the ability to revitalise communities and local economies. For more information visit this site.

9. The Manufacturing Competitive Enhancement Programme (MCEP)

Provides enhanced manufacturing support to encourage facility upgrades to sustain employment and improve productivity. See more here.

10. Manufacturing Investment Programme (MIP)

This programme is a reimbursable cash grant to local and foreign-owned manufacturers who wish to establish new facilities or expand on existing ones.

11. National Youth Development Agency (NYDA)

While it is moving away from grants for youth and going toward mentorship and development programmes, grants are available for youth entrepreneurs. See more here.

12. People-carrier Automotive Investment Scheme (P-AIS)

This is a cash grant of between 20% and 35% of the value of qualifying investment in productive assets approved by the DTI. See more here.

13. The Sector Specific Assistance Scheme (SSAS)

This scheme is a cost-sharing grant offered on an 80:20 principle and a maximum of R1,5 million is awarded to qualifying businesses. See more here.

14. Support Programme for Industrial Innovation (SPII)

The Support Programme for Industrial Innovation is aimed to promote technology development in South African industry. Visit their site for more information.

3 Who can apply for Government Grants for business?

Business funding

Because of the number of grants available – and each with its own criteria – you will need to individually research each grant. Generally through, the following will be required:

  • The business needs to be majority black-owned
  • It needs to have a significant representation of black managers (if applicable)
  • Minimum and maximum turnovers vary from grant to grant
  • The business must have a minimum of one year in trading
  • The business must be a registered entity with a tax clearance certificate, Vat number, etc.
  • The business must comply with all regulations such as CIPRO, SARS etc.
  • All owners and major shareholders need a clear credit history.

4 Tips on applying for Government Grants for business

Business funding

Once you’ve identified a grant applicable to your business and industry, research it thoroughly to determine the qualifying criteria.

Each grant listed on the DTI website has a contact person you can call or email for more information.

When applying, make sure you’ve completed the following checklist:

  1. Completed and signed application form
  2. SARS Tax Clearance Certificate – Original and valid
  3. Detailed business plan
  4. Co-operative resolution (if applicable)
  5. List of directors, shareholders etc. complete with certified copies of IDs and CVs
  6. Copy of business registration certificate
  7. Motivational letter
  8. Bank statements
  9. Projected financial statements for start-up and/or expansion.

When applying for a Government Grant you will need to have a business plan. Here is a free business plan template to get you started.

Business funding




Small Business Funding In South Africa, Entrepreneur, small business funding.#Small #business #funding


Small Business Funding In South Africa

For many entrepreneurs, the minute they realise they need small business funding, they automatically panic and wonder, “How on earth am I going to get funding?”

The good news is that there are a number of ways you can get funding for your small business if you know where to look and do the right preparation.

How small business funding differs from big business funding

Basically, it’s a matter of scale. A small business isn’t likely to require R100 million in finance.

A small business can get started on as little as R1 000 – and with profits put back into the business – can grow organically and rely very little on external funding.

The other difference pertains to size in another way: Big business tends to refer to corporate entities with shareholders, boards of directors etc., while small business tends to refer to privately owned and operated business.

Small business funding

The dangers of running your business finances through your personal account

Say you want to start a small business crafting wooden furniture and you can buy most of the equipment on your credit card. In one way, it’s the quickest and easiest way to get going, but running your business finances through your personal accounts come with risk.

Not separating your business from you personally sets you up for legal liability. If, for example, you default on credit card payments or fall into debt, your personal assets can be seized over and above your business assets.

The other risk is that of keeping clear records and distinctions of which expenses are business and which are personal. This can lead to tax complications come tax season and you can incur fines that can close your business.

Having a separate account for your business also lends credibility to it, and in the event you require finance from a bank, your clear financial documentation will aid the bank in assessing whether to grant you a loan.

Why a clean credit record is so important to small business funders

In order to qualify for grants or loans, the lending facility needs to assess whether you’ll be able to repay the loan, and your credit record is their way of checking. Even if you’re starting a brand new business, if you have a tarnished personal credit record or are blacklisted for bad/non-payment, your ability to borrow will be negatively affected.

Every South African is entitled to a free credit report once a year. You can learn more about about your credit record through credit bureaus like TransUnion.

Small business funding

Various small business funding options available

If you’re not in the position to self-fund through use of personal credit and/or savings, you can investigate these following ways to get small business funding.

Small Business Funding Option 1: Angel Investment

An angel investor is typically a wealthy professional who is able to provide you with start-up capital in exchange for equity in the business or a fixed percentage interest on the loan. Angel investors can be individuals or form angel networks in order to distribute risk.

Angel investors can be hands-off, not wanting to be part of the business, while others may want to be involved in decision-making and/or act as a business mentor.

A rookie mistake made by many is to enter into verbal agreements with angel investors without terms and conditions written and signed by both parties. Without a contract in place, conflict can arise; an investor can withdraw their funding, and the business’s future can be jeopardised. Make sure whenever finance is involved, there is a written agreement in place.

Small Business Funding Option 2: Bank funding

If you choose to approach a bank for finance you need a number of things in place before you approach them.

First is a comprehensive and fully understood business plan complete with financial projections. You also need to provide a full set of financials for them to examine. Then you need to understand the kinds of loans available and which kind is best suited to your needs.

If, for example, you need to buy equipment which devalues with age and use, it’s not advisable to take a long-term loan where you’ll be paying for it long after it’s served its lifespan.

Bank Finance Options for Small Business:

  1. Overdraft – is ideally suited to managing cash flow.
  2. Business revolving credit – this is a line of credit available as and when it is needed and repayments are typically fixed monthly instalments. The original limit is usually restored after a set percentage has been repaid.
  3. Medium-term loans – are ideally suited for capital expenses and repayable for a period of two to seven years, but can be longer. Interest and repayment tend to be linked to prime, how much collateral you have, and the value of the asset you need finance for.
  4. Business mortgage / Property finance – in the event you wish to buy or renovate property for your business or convert part of a residence into office space, this is the loan to investigate.
  5. Vehicle and asset finance – Whether it’s a vehicle or specialised equipment required, talk to your bank about vehicle and asset finance to determine whether its terms are suited to your business.

Small Business Funding Option 3: Crowd Funding

Relatively new to the scene, crowd funding is an exciting way to gather finance. It works in a similar way to angel investment, except many individuals are able to pledge varying amounts to the business in exchange for equity, interest, or other more creative returns.

As an example, new products, music albums and films have been crowd funded in exchange for early releases, while restaurants have named menu items after benefactors.

Typically, however, a product or service is pitched and uptake in funding helps determine whether there is demand for it, and first releases help fine-tune it.

South African crowd funding platforms include:

The top international crowd funding platforms include:

Small Business Funding Option 4:

Funding for Previously Disadvantaged Individuals (PDIs)

Small Business Government Grants and Loans

The government is involved in small business development by providing funding to previously disadvantaged individuals. These can take the form of grants, loans and tenders.

A government loan, like a loan from a financial institution, is given to an approved business that is required to repay the loan. It usually has more lenient repayment schedules and interest rates.

A government grant, by comparison, does not require repayment by the awarded business. The South African Department of Trade and Industry (DTI) has a number of initiatives designed to improve business activity for previously disadvantaged individuals, women and youth. You can read more at www.dti.gov.za SMME development financial assistance. Any business wanting to gain access to grants or funding needs to be BEE accredited and have a tax clearance certificate.

Enterprise Development (ED) Funding

This form of government mandated funding is devised as a means to create more jobs in South Africa through business development, and enterprise development is one of the elements of the BEE scorecard. Large corporates are required to pay towards enterprise development or use an Enterprise Development beneficiary in their business supply chain as part of their BEE scorecard.

How a small business benefits from ED funding is by enrolling in a corporate’s ED empowerment programme that can include mentorship, incubation, becoming procurement ready, how to be commercially viable and sustainable, etc.

Small Business Funding Option 5: Bootstrapping your Small Business

If you’re not drawn to the previous examples of funding, you can bootstrap your business. Fundamentally it’s starting and growing a business without external help.

This is achieved through getting operational as quickly as possible; keeping fixed overheads as low as possible – even if you have to work in your childhood bedroom or understaff; reinvesting profits into the business; and keeping growth in check by maintaining steady growth over explosive growth.

Small business funding




More Than 15 Small Business Funding Resources for You, business funding.#Business #funding


More Than 15 Small Business Funding Resources for You

Business funding

Most small business owners can identify with the challenges of getting financing for their business or funding for a new product. There s no short, easy road to funding, most of the time, but these small business funding resources can help.

Kabbage

Kabbage has to be the most unique small business funding source found recently. They have created a powerful platform that, in my understanding, is creating a real-life look at how your business is doing to help you grow it.

They don t only look at credit scores, as so many traditional lenders do. They look at things like your Paypal, Ebay, Amazon, or Intuit QuickBooks account to figure out if you qualify and how much of a credit line you can receive. It is impressive.

Kiva Zip

Another innovative program and approach is found with Kiva, the microfinance platform. Etsy wrote about it. There is official information about zero interest (0%) with the Kiva Zip program (in Alpha, not even in Beta), and success stories on the main page.

The Lending Club

The Lending Club is a name that many consumers and business owners have heard before, but it is a site worth checking. Their peer-to-peer approach has taken the banking world by storm and it looks likely to continue in the business loan sector.

SmartBiz SBA Loans

SmartBiz SBA Loans ($5,000 $150,000) is a small business lender, but one that promises a much better process than traditional banks, on SBA type loans. If you ve ever gone through the SBA formal process, you know that it is rather comprehensive.

Funding Circle

Funding Circle has a large UK presence as well as a US site. It is an online marketplace for small business loans. The site explains you can find out in approximately one week if you qualify for a loan.

MultiFunding

Ami Kassar CEO of MultiFunding has a useful website on how the different funding options work and his consulting brokerage serves as a matchmaker for businesses that need more than just the best rate and need help with more complicated loan options.

OnDeck and BoeFly

Here are a couple of other small business loan providers that are promising an easier process, lower rates, and other options that might make their loans more appealing to you. OnDeck and BoeFly.

QuickBooks Financing

QuickBooks Financing has a site dedicated to helping you find the right financing. It is a matching engine that allows their selected lenders to provide you with the right loan. I m presuming it also uses some of your QuickBooks data, but I m not certain of that as I did not submit data on the form.

Wells Fargo and SBA Bank of America

There is no shortage of traditional lenders where you can walk into a branch and talk to someone about an SBA loan, so I would be remiss for not including at least a couple that I believe in. The Wells Fargo small business loan page offers a range of good information. And the SBA Loan page at Bank of America may help you sort different SBA options.

Factoring

If you have ever considered factoring, where you get financing based on your receivables, then I recommend this guide from RTS Financial, Your Complete Guide To Factoring.

PayPal Working Capital

PayPal Working Capital lets you pay your loan back as you get paid. A factoring method, of sorts.

Chase Mission Main Street Grants

One of my favorite places to look for less traditional financing options is the Small Business Events here on Small Business Trends. I used it to help compile this list, so I know there are some great funding options, often awards or contests, worth considering. This Chase Mission Main Street Grants is a terrific example. There is new information on the 2014 program.

Government Grants

You may need help to understand if a Government grant is worth pursuing. There are some large scale federal programs that pass funds through to universities and other nonprofit type institutions where you can sometimes find just the right help for your company.

City and State Level Resources

As I mentioned above, there are many city and state level resources, but too many to explain. If you search for your city or state combined with economic development, small business funding, and other related terms, you may find a niche program that serves your needs.

Here is a page from the Nevada Small Business Development Center where you ll get an idea of what you find at the state level. There are community-focused programs, as an example of a city program, for the Philadelphia area, Loan Programs City of Philadelphia Business Services Center. Scroll down through the long list to find the smaller loan amounts.

Opportunity Finance Network

Opportunity Finance Network (part of Goldman Sachs 10,000 small businesses initiative) is a big initiative sponsored by Goldman Sachs. The goal is to help educate business owners on a wide range of topics, to give you the best chance for success, in addition to access to capital. You must have an established business, with revenues.

There are plenty of sites that offer business loans too many to try and list. There are resources at the State and City level, depending on where you live, that can help you financially. There are also lists of USA State websites that offer resources or details around funding and details available on what it takes to qualify for a small business loan as well as sources of start-up funding.

We welcome you to list resources in the comments. We want to see the path to funding get easier, more transparent, and understandable for small business as a whole and we hope these resources do that for you.

If you have discovered a great resource that can help a small business owner find financing or a grant, please share it below.




Beyond the Bank Loan: 6 Alternative Financing Methods for Startups, business funding.#Business #funding


Beyond the Bank Loan: 6 Alternative Financing Methods for Startups

Many aspiring entrepreneurs have an idea for their business but lack the capital to actually start it. Brand-new businesses are often turned down for bank loans, and even if your business is established, funds can still be tough to secure. Loans funded by the Small Business Administration are usually more accessible, but they are becoming increasingly competitive.

So what options are left for someone aspiring to be a small business owner? Here are six options beyond bank loans for financing your startup.

Online lending

Online lenders have become a popular alternative to traditional business loans. These platforms have the advantage of speed, as an application takes only about an hour to complete, and the decision and accompanying funds can be issued within days. Because of the ease and quickness of online lending, economist and former U.S. Treasury Secretary Larry Summers said at the 2015 Lend It conference that he expects online lenders to eventually reach more than 70 percent of small businesses.

Editor s note: Are you considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site BuyerZone provide you with information from a variety of vendors for free:

Angel investors

Angel investors invest in early-stage or startup companies in exchange for a 20 to 25 percent return on their investment. They have helped to start up many prominent companies, including Google and Costco. Mark DiSalvo, CEO of private equity fund provider Semaphore said, You are likely to get an investor who has strategic experience, so they can provide tactical benefit to the company they are investing in.

Find out what makes angel investors fund a business here.

Venture capitalists

Venture capital is money that is given to help build new startups that are considered to have both high-growth and high-risk potential. Fast-growth companies with an exit strategy already in place can gain up to tens of millions of dollars that can be used to invest, network and grow their company frequently.

Brian Haughey, assistant professor of finance and director of the investment center at Marist College, said that because venture capitalists focus on specific industries, they can generally offer advice to entrepreneurs on whether the product will be successful or what they need to do to bring it to market. However, venture capitalists have a short leash when it comes to company loyalty and often look to recover their investment within a three- to five-year time window, he said.

Learn more about venture capital here.

Factoring/invoice advances

Through this process, a service provider will front you the money on invoices that have been billed out, which you then pay back once the customer has settled the bill. This way, the business can grow by providing the funds necessary to keep it going while waiting for customers to pay for outstanding invoices.

Eyal Shinar, CEO of small business cash flow management company Fundbox, says these advances allow companies to close the pay gap between billed work and payments to suppliers and contractors.

By closing the pay gap, companies can accept new projects more quickly, Shinar told Business News Daily. Our goal is to help business owners grow their businesses and hire new workers by ensuring steady cash flow.

Visit BND s guide to choosing a factoring service here.

Crowdfunding

Crowdfunding on sites such as Kickstarter and Indiegogo can give a boost to financing a small business. These sites allow businesses to pool small investments from a number of investors instead of having to look for a single investment.

Make sure to read the fine print of different crowdfunding sites before making your choice, as some sites have payment-processing fees, or require businesses to raise their full stated goal in order to keep any of the money raised.

Check out some emerging trends in crowdfunding here.

Grants

Businesses focused on science or research may be able to get grants from the government. The SBA offers grants through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Recipients of these grants are required to meet federal research-and-development goals, and have a high potential for commercialization.

Learn more about applying for a small business grant here.

Additional reporting by Katherine Arline and Nicole Taylor. Some source interviews were conducted for a previous version of this article.

Jennifer Post graduated from Rowan University in 2012 with a Bachelor s Degree in Journalism. Having worked in the food industry, print and online journalism, and marketing, she is now a freelance contributor for Business News Daily. When she s not working, you will find her exploring her current town of Cape May, NJ or binge watching Pretty Little Liars for the 700th time.




Beyond the Bank Loan: 6 Alternative Financing Methods for Startups, small business funding.#Small #business #funding


Beyond the Bank Loan: 6 Alternative Financing Methods for Startups

Many aspiring entrepreneurs have an idea for their business but lack the capital to actually start it. Brand-new businesses are often turned down for bank loans, and even if your business is established, funds can still be tough to secure. Loans funded by the Small Business Administration are usually more accessible, but they are becoming increasingly competitive.

So what options are left for someone aspiring to be a small business owner? Here are six options beyond bank loans for financing your startup.

Online lending

Online lenders have become a popular alternative to traditional business loans. These platforms have the advantage of speed, as an application takes only about an hour to complete, and the decision and accompanying funds can be issued within days. Because of the ease and quickness of online lending, economist and former U.S. Treasury Secretary Larry Summers said at the 2015 Lend It conference that he expects online lenders to eventually reach more than 70 percent of small businesses.

Editor s note: Are you considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site BuyerZone provide you with information from a variety of vendors for free:

Angel investors

Angel investors invest in early-stage or startup companies in exchange for a 20 to 25 percent return on their investment. They have helped to start up many prominent companies, including Google and Costco. Mark DiSalvo, CEO of private equity fund provider Semaphore said, You are likely to get an investor who has strategic experience, so they can provide tactical benefit to the company they are investing in.

Find out what makes angel investors fund a business here.

Venture capitalists

Venture capital is money that is given to help build new startups that are considered to have both high-growth and high-risk potential. Fast-growth companies with an exit strategy already in place can gain up to tens of millions of dollars that can be used to invest, network and grow their company frequently.

Brian Haughey, assistant professor of finance and director of the investment center at Marist College, said that because venture capitalists focus on specific industries, they can generally offer advice to entrepreneurs on whether the product will be successful or what they need to do to bring it to market. However, venture capitalists have a short leash when it comes to company loyalty and often look to recover their investment within a three- to five-year time window, he said.

Learn more about venture capital here.

Factoring/invoice advances

Through this process, a service provider will front you the money on invoices that have been billed out, which you then pay back once the customer has settled the bill. This way, the business can grow by providing the funds necessary to keep it going while waiting for customers to pay for outstanding invoices.

Eyal Shinar, CEO of small business cash flow management company Fundbox, says these advances allow companies to close the pay gap between billed work and payments to suppliers and contractors.

By closing the pay gap, companies can accept new projects more quickly, Shinar told Business News Daily. Our goal is to help business owners grow their businesses and hire new workers by ensuring steady cash flow.

Visit BND s guide to choosing a factoring service here.

Crowdfunding

Crowdfunding on sites such as Kickstarter and Indiegogo can give a boost to financing a small business. These sites allow businesses to pool small investments from a number of investors instead of having to look for a single investment.

Make sure to read the fine print of different crowdfunding sites before making your choice, as some sites have payment-processing fees, or require businesses to raise their full stated goal in order to keep any of the money raised.

Check out some emerging trends in crowdfunding here.

Grants

Businesses focused on science or research may be able to get grants from the government. The SBA offers grants through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Recipients of these grants are required to meet federal research-and-development goals, and have a high potential for commercialization.

Learn more about applying for a small business grant here.

Additional reporting by Katherine Arline and Nicole Taylor. Some source interviews were conducted for a previous version of this article.

Jennifer Post graduated from Rowan University in 2012 with a Bachelor s Degree in Journalism. Having worked in the food industry, print and online journalism, and marketing, she is now a freelance contributor for Business News Daily. When she s not working, you will find her exploring her current town of Cape May, NJ or binge watching Pretty Little Liars for the 700th time.




Show Me the Money: 7 Ways to Get Funding for Your Business Idea, funding for business.#Funding #for #business


Show Me the Money: 7 Ways to Get Funding for Your Business Idea

Funding for business

Having a big, billion-dollar idea for a new company or start-up is great—but now what? You probably need a website, a tech team, some office space, and, of course, at least enough cash coming in each month to pay your rent.

Which means, you need money. Whether it’s a cool new app or a swanky café, most businesses and most entrepreneurs require at least a little bit of funding to really get off the ground in their early days.

As an executive member of BizFilings , I’m often asked by entrepreneurs for help finding funding. The good news is, there are quite a few places to get it (and many that are frequently overlooked). Read on for a first-time founder’s guide to where to look for funding, and which type might be right for you.

Begin With Bootstrapping

When first getting started, many entrepreneurs use “bootstrapping,” which means financing your company by scraping together any personal funds you can find. This typically includes your savings account, credit cards, and any home equity lines you may have.

In many cases, using the money you have instead of borrowing or raising is a great approach—in fact, some entrepreneurs continue to bootstrap until their business is profitable. This can be beneficial because it means you won’t have extensive loans and monthly payments that bog you down, especially if you run into snags along the way.

But, if you’re looking to scale your business quickly, it can be advantageous to bring in outside sources of funding. So, what happens when your funds run out, or you decide you need something more? That will ultimately depend on the type of business you’re building, but there are some common places to start.

Consider Friends and Family

Asking your friends and family for money might seem like a daunting prospect—but tapping those closest to you is often a good first step before getting external funding. And hey, it can never hurt to ask. While Aunt Irene is probably not in a position to finance your entire new social network for dog owners, she may be impressed enough to toss you a couple grand to help you get rolling (and join the site to find Fido some new playmates).

Before you ask your friends and family for money, though, you should have a business plan at the ready. This way, you can explain to them exactly what you’re selling, what you plan on charging, how you’ll make money, and whether you’re asking for a loan, an investment, or a gift (i.e., whether or not they should expect to get back any money they put into your business, and if so, how much).

Explore Alternative Funding Sources

If you’re looking for a relatively small amount of money (anywhere from $25 to $5,000), there are quite a few micro-loan organizations that lend to start-ups and entrepreneurs, such as Kiva and Accion . These websites cater to low-income entrepreneurs in the U.S. or those working for social good (and some only provide micro-loans to those living below the poverty line). But if you think you might qualify, check out their websites for more information.

Another alternative are the increasingly popular crowd-funding sites, such as Kickstarter and IndieGoGo, which provide you a platform to raise money from individual, small supporters across the web. You’ll set up a campaign and name a target amount of money you want to raise, as well as create perks for donors who pledge a certain amount of money. Then, you raise money for the campaign over a specified time period. With Kickstarter, you’ll only get to keep the money if you raise the full amount of your goal, but IndieGoGo will let you keep anything you raise (for a cut of the proceeds). For more info, check out our guide to choosing between the two and maximizing your crowd-funding campaign .

Next: If You’re Running a Small Business

Look Local

If you’re launching a small company (vs. a tech start-up that you see as the next Facebook), you’ll definitely want to check out your local small business development center. Many universities have one, and the Small Business Administration (SBA) alone has 63 across the country. Not only can these centers help connect you with groups of entrepreneurs for networking and angel investors for funding, they can help you determine what type of loans and funding you might qualify for and help you apply. Your local chamber of commerce may also be a treasure trove of information and guidance in terms of where to get local funding. Many large cities have programs and organizations that exist solely to bring business into the local community.

Consider Taking Out Loans

If you can show that you’ve started gaining traction and making money (and that a loan would help you earn even more), you may be able to qualify for a traditional bank loan. Many banks, such as Bank of America and Wells Fargo, have recently announced increased commitment to small business. While each bank and individual situation differs, this may be a good bet if you’re looking to find funding between $5,000 and $500,000.

Next: If You’re Launching a Tech Start-up

Look to Angels

If you have a tech start-up, you’ll probably eventually need more capital to really get going— to hire people or get office space, for example—than bootstrapping and crowd-funding will afford you. You’ll likely need to reach out to outside investors. A good place to start is angel investors, usually established business professionals with high net worths who are looking to invest in promising companies. Typically, an angel will invest anywhere from $10,000 to a few million dollars.

To find angels, ask other entrepreneurs in your network, or check out the Angel Capital Association , which counts over 330 angel investor groups nationwide. You can also look at AngelList , a website that helps entrepreneurs make connections with interested investors. So far, the site has helped more than 1,000 start-ups get funded.

In addition to making direct loans, angel investing groups sometimes host events or competitions that can help provide new entrepreneurs with additional networking opportunities. Check your local community for these groups.

Venturing into Bigger Capital

If you’re looking for some serious funding (at least $1 million), you’ll need to turn to venture capital. Venture capitalists (VCs) are more likely to require an in-depth and airtight business plan, but they can also give you larger amounts of money.

VCs typically invest in a few different companies for their clients, and hope to make money off of one (or all) of them to pay back their client’s investments. What that means for you is that they see all kinds of businesses—and you have to make yours stand out . Also, you should know that VCs are looking for a return anywhere from 3-10 times their original investment, usually within the next 5-7 years, so it’s best to have an exit strategy in mind.

The best way to get meetings with VCs is through introductions from other entrepreneurs or investors—which means that if you’ve decided to solicit VC money, it’s time to leverage your contacts (and their networks) to see who you can talk to. Don’t have any contacts? It’s more of a gamble, but you can also browse the National Venture Capital Association website and pitch your business to the ones you find a connection with. While cold-calling a venture capitalist may not be the easiest feat, it’s somewhere to start.

Ready to Launch

Finding funding can be the hardest part of getting your business off the ground, but also the most rewarding. Once you’ve saved, gotten approved for a loan, or found other people to invest in your business, you can get back to—or start—your dream job! Though it can be a long road to success, finding allies along the way (whether they’re friends, angel investors, or venture capitalists) to help keep your business afloat can make all the difference in the world. Good luck!




Fundable, Crowdfunding for Small Businesses, business funding.#Business #funding


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The Business grants and funding available to UK small businesses, business funding.#Business #funding


Government Grants

The government grants section has a wealth of articles and advice on how UK small businesses can get a grant from both the public and private sector, along with helpful guides on the different types of business grants and funding available to business owners starting and running a business.

A small business grants guide for 2017

Here, Peter Fleming takes a look at a range of options for funding your business through grants this year.

There are many European and UK-wide government business grant schemes; there are also local business funding schemes provided through Local Enterprise Partnerships (LEPs) or through local authorities and organisations such as the Chambers of Commerce. However there were 512 registered schemes at the last count! So a good place to start your research is on the government website.

Business grants are available at a local and national level and usually sector specific. They offer between £1,000 and £100,000 for SMEs, but funds can be unlimited for larger businesses within EU state aid programmes.

With grants you don’t pay the money back. However, it’s worth noting there will be clawback terms if you falsify claims in respect to expected outputs set by the grant scheme. Therefore, ensure your application is captivating and thorough as it will go through a due diligence process.

Normally there are two stages, submitting an Expression of Interest (EOI) to ensure your business and grant application meets the scope of the grant call and then a full application process whereby you will need to supply, market research, a business plan and at least 1-3 years of financial forecasts.

Throughout the process, you will need to justify there is additionality i.e. not just the reason why you need funding, but by obtaining a grant, how many new jobs you will create, if you’re opening up new markets or export opportunities or that your idea could be a game changer.

It is always worth getting a second opinion regarding the feasibility and strength of your application against the grant objectives and any regional strategic economic plan. Therefore speak to your accountant, a local business adviser or the Growth Hub.

The larger grant opportunities can be competitive and therefore be a long-drawn-out process, taking several months in some cases to receive just an offer. So if you are looking for subsidies and money quickly a grant may not be the right solution for your business.

It is also worth noting if your application is successful, grant moneys are not paid upfront but claimed normally at the back end of the project or even after any intervention is completed.

Therefore you will need to use your own cash reserves and any other funding prior to drawing down the grant money. I have even known businesses take out bridging loans till they have received their grant funds.

Some key areas of your business whereby you could access business advice or a grant;

Business advice and support, whether you are pre-start, a new start or an established business, there are regional Business Growth Hubs across the UK whereby you can obtain free or funded advice. You can normally obtain specialist support to devise a business growth strategy, do market research to create a sales and marketing plan, implement social media management or even get advice on how to apply for further funding.

Note each UK region may have a focus on specific business sectors, business sizes and locations, as eligibility can be even post code specific.

Skills and development government grants

The Skills Funding Agency oversees the current apprenticeship scheme, however on May 1st 2017 the new Apprenticeship Levy scheme starts whereby your business could access subsidised training and development to upskill existing employees to even Master’s degree level.

Many regional Universities, Colleges and further education organisations will be offering a multitude of subsidised short courses or funded degree level programmes which will help you develop your existing staff to be the managers and directors of the future.

If your business is within a rural development area and looking to grow, invest in infrastructure, machinery or seek specialist advice to diversify. Or if your business is involved with forestry and land projects the government have a scheme called LEADER managed through Local Action Groups.

The Carbon Trust Green Business Fund is a new energy efficiency support service for small and medium-sized companies in England, Scotland and Wales.

It provides direct funded support through energy assessments, training workshops, equipment procurement support and up to £10,000 capital contribution towards the purchase of energy saving equipment.

Manufacturing is an area which is increasingly supported through grant schemes. Therefore if you manufacture textiles, specialist tooling, operate in the digital market, within the nuclear supply chain or need support for international trade, or manufacture in many other sectors, there is likely to be a grant scheme that your business can access.

Innovation, Research and Development

Innovate UK, offers support and funding to help businesses develop new products and services and bring them closer to market, this may be to bring people together to share ideas, tackle challenges and make new technological advances.

They targets technologies and areas with the greatest scope to improve business, the economy and society.

Local Enterprise Partnership

For anyone looking for grants at the moment, the go-to people will be their Local Enterprise Partnership (LEP). One of the main functions of the LEPS is to generate economic growth and so many have their own grants programmes.

In addition, most provide some form of business support and advice. As part of the business advice service they collate information on local and national grants and will signpost business owners to the relevant organisations.

Another great source of information is the government ‘Business is Great’ website which has a page dedicated to a number of funds to support innovation.

There is also is an EU tool which does a better job than anything I’ve seen of clarifying what finance is available across the EU including although is does require some persistence in searching to get to the information.

For companies and individuals with ground breaking research which may require significant funding there is also Horizon 2020:

Grant funding is not for everyone but could give your business the boost it needs. Proper preparation, thorough research, getting professional advice and being able to clearly explain why you require your grant funding is more likely to lead to a successful application. And, as a result, help you obtain the financial support for a better, bigger and more profitable business for you.




More Than 15 Small Business Funding Resources for You, small business funding.#Small #business #funding


More Than 15 Small Business Funding Resources for You

Small business funding

Most small business owners can identify with the challenges of getting financing for their business or funding for a new product. There s no short, easy road to funding, most of the time, but these small business funding resources can help.

Kabbage

Kabbage has to be the most unique small business funding source found recently. They have created a powerful platform that, in my understanding, is creating a real-life look at how your business is doing to help you grow it.

They don t only look at credit scores, as so many traditional lenders do. They look at things like your Paypal, Ebay, Amazon, or Intuit QuickBooks account to figure out if you qualify and how much of a credit line you can receive. It is impressive.

Kiva Zip

Another innovative program and approach is found with Kiva, the microfinance platform. Etsy wrote about it. There is official information about zero interest (0%) with the Kiva Zip program (in Alpha, not even in Beta), and success stories on the main page.

The Lending Club

The Lending Club is a name that many consumers and business owners have heard before, but it is a site worth checking. Their peer-to-peer approach has taken the banking world by storm and it looks likely to continue in the business loan sector.

SmartBiz SBA Loans

SmartBiz SBA Loans ($5,000 $150,000) is a small business lender, but one that promises a much better process than traditional banks, on SBA type loans. If you ve ever gone through the SBA formal process, you know that it is rather comprehensive.

Funding Circle

Funding Circle has a large UK presence as well as a US site. It is an online marketplace for small business loans. The site explains you can find out in approximately one week if you qualify for a loan.

MultiFunding

Ami Kassar CEO of MultiFunding has a useful website on how the different funding options work and his consulting brokerage serves as a matchmaker for businesses that need more than just the best rate and need help with more complicated loan options.

OnDeck and BoeFly

Here are a couple of other small business loan providers that are promising an easier process, lower rates, and other options that might make their loans more appealing to you. OnDeck and BoeFly.

QuickBooks Financing

QuickBooks Financing has a site dedicated to helping you find the right financing. It is a matching engine that allows their selected lenders to provide you with the right loan. I m presuming it also uses some of your QuickBooks data, but I m not certain of that as I did not submit data on the form.

Wells Fargo and SBA Bank of America

There is no shortage of traditional lenders where you can walk into a branch and talk to someone about an SBA loan, so I would be remiss for not including at least a couple that I believe in. The Wells Fargo small business loan page offers a range of good information. And the SBA Loan page at Bank of America may help you sort different SBA options.

Factoring

If you have ever considered factoring, where you get financing based on your receivables, then I recommend this guide from RTS Financial, Your Complete Guide To Factoring.

PayPal Working Capital

PayPal Working Capital lets you pay your loan back as you get paid. A factoring method, of sorts.

Chase Mission Main Street Grants

One of my favorite places to look for less traditional financing options is the Small Business Events here on Small Business Trends. I used it to help compile this list, so I know there are some great funding options, often awards or contests, worth considering. This Chase Mission Main Street Grants is a terrific example. There is new information on the 2014 program.

Government Grants

You may need help to understand if a Government grant is worth pursuing. There are some large scale federal programs that pass funds through to universities and other nonprofit type institutions where you can sometimes find just the right help for your company.

City and State Level Resources

As I mentioned above, there are many city and state level resources, but too many to explain. If you search for your city or state combined with economic development, small business funding, and other related terms, you may find a niche program that serves your needs.

Here is a page from the Nevada Small Business Development Center where you ll get an idea of what you find at the state level. There are community-focused programs, as an example of a city program, for the Philadelphia area, Loan Programs City of Philadelphia Business Services Center. Scroll down through the long list to find the smaller loan amounts.

Opportunity Finance Network

Opportunity Finance Network (part of Goldman Sachs 10,000 small businesses initiative) is a big initiative sponsored by Goldman Sachs. The goal is to help educate business owners on a wide range of topics, to give you the best chance for success, in addition to access to capital. You must have an established business, with revenues.

There are plenty of sites that offer business loans too many to try and list. There are resources at the State and City level, depending on where you live, that can help you financially. There are also lists of USA State websites that offer resources or details around funding and details available on what it takes to qualify for a small business loan as well as sources of start-up funding.

We welcome you to list resources in the comments. We want to see the path to funding get easier, more transparent, and understandable for small business as a whole and we hope these resources do that for you.

If you have discovered a great resource that can help a small business owner find financing or a grant, please share it below.




OzCrowd, Crowdfunding in Australia, funding for business.#Funding #for #business


funding for business

We are raising money to assist the family of Blade Hill to who has ALD, a degenerative brain disease with medical and life expenses.

$9250 of $20,000.00

Funding for business

Beau Chatley Recovery Fund

This campaign will go towards assisting the Chatley family and Beau on his road to recovery

$43617.05 of $100,000.00

Funding for business

Mattias’ Road to Recovery

Help us support Mattias & Seryna after Matt’s accident on August 24th, 2016

$6540 of $10,000.00

Richard’s medical fund

After decades of helping others with their health, it’s now time for Richard to accept help to buy a wheelchair cover other medical bills.

$19162 of $8,000.00

Funding for business

Don’t Let Censorship Win! Help THEREDPILLMOVIE be shown in Melbourne!

Funding for business

Brad’s fight for family

Brad is known for fighting for the lives and livlihoods of others, he now needs our help to create some special memories with his family.

$16000 of $10,000.00

Funding for business

the beasties of the 70’s mansion need our help!

Bow & Jess nursed 4 mth old Gin to health when she was found badly beaten. She’s now sadly been diagnosed with an operable but costly cancer

$2771.05 of $10,000.00

Shane Howard – Crowdfunded $17,590 on OzCrowd

Funding for business

Crowdfunding is a new way of directly engaging with your audience. The music industry has changed a lot since the days of ‘Solid Rock’ with Goanna. Australia is a tough country for artists and musicians, the smaller population here makes it difficult for an artist to keep their head above water. You can’t underestimate the importance of a direct relationship with your listeners, and in a digital age, through social media, you can talk directly to your audience to support what you do, not only in principal, but economically as well. This wasn’t possible before. OzCrowd is a uniquely Australian owned crowdfunding platform that encourages new ideas and provides one-to-one advice and support to assist projects reach their goals. Platforms such as OzCrowd can help independent artists to ‘put the hat out’ through leveraging the power of social media and also gives music lovers the opportunity to directly support their projects.”

Aimee Smith – Crowdfunded $2,720 on OzCrowd

Funding for business

“Thanks for helping me raise money to beat Lyme disease and co-infections! $2720 raised! Very happy!”

Jalal S – Crowdfunded $10,000+ on OzCrowd

“I approached OzCrowd when a beloved friend, brother, and son tragically passed away and we wanted to build a well in his honour. OzCrowd helped us by giving us an Australian crowdfunding platform to ask the community for funds, including a website profile, an electronic payment facility, easy social media integration, and even a spotlight on their crowdfunding site, which was more than we could ask for. The result was us meeting our goal of $3000 in just 8 days! Their communication with us was what sets them apart from other crowdfunding or fundraising sites. They would update us every major step of the way and it felt great to stay connected.Truly, I found the whole experience inspiring – our well will be built in Africa in the coming months – and i couldn’t thank OzCrowd more. I would recommend OzCrowd to anyone who needs some help crowdfunding their worthy cause.”

4 key tips to crowdfunding on OzCrowd

Funding for business




Show Me the Money: 7 Ways to Get Funding for Your Business Idea, funding for business.#Funding #for #business


Show Me the Money: 7 Ways to Get Funding for Your Business Idea

Funding for business

Having a big, billion-dollar idea for a new company or start-up is great—but now what? You probably need a website, a tech team, some office space, and, of course, at least enough cash coming in each month to pay your rent.

Which means, you need money. Whether it’s a cool new app or a swanky café, most businesses and most entrepreneurs require at least a little bit of funding to really get off the ground in their early days.

As an executive member of BizFilings , I’m often asked by entrepreneurs for help finding funding. The good news is, there are quite a few places to get it (and many that are frequently overlooked). Read on for a first-time founder’s guide to where to look for funding, and which type might be right for you.

Begin With Bootstrapping

When first getting started, many entrepreneurs use “bootstrapping,” which means financing your company by scraping together any personal funds you can find. This typically includes your savings account, credit cards, and any home equity lines you may have.

In many cases, using the money you have instead of borrowing or raising is a great approach—in fact, some entrepreneurs continue to bootstrap until their business is profitable. This can be beneficial because it means you won’t have extensive loans and monthly payments that bog you down, especially if you run into snags along the way.

But, if you’re looking to scale your business quickly, it can be advantageous to bring in outside sources of funding. So, what happens when your funds run out, or you decide you need something more? That will ultimately depend on the type of business you’re building, but there are some common places to start.

Consider Friends and Family

Asking your friends and family for money might seem like a daunting prospect—but tapping those closest to you is often a good first step before getting external funding. And hey, it can never hurt to ask. While Aunt Irene is probably not in a position to finance your entire new social network for dog owners, she may be impressed enough to toss you a couple grand to help you get rolling (and join the site to find Fido some new playmates).

Before you ask your friends and family for money, though, you should have a business plan at the ready. This way, you can explain to them exactly what you’re selling, what you plan on charging, how you’ll make money, and whether you’re asking for a loan, an investment, or a gift (i.e., whether or not they should expect to get back any money they put into your business, and if so, how much).

Explore Alternative Funding Sources

If you’re looking for a relatively small amount of money (anywhere from $25 to $5,000), there are quite a few micro-loan organizations that lend to start-ups and entrepreneurs, such as Kiva and Accion . These websites cater to low-income entrepreneurs in the U.S. or those working for social good (and some only provide micro-loans to those living below the poverty line). But if you think you might qualify, check out their websites for more information.

Another alternative are the increasingly popular crowd-funding sites, such as Kickstarter and IndieGoGo, which provide you a platform to raise money from individual, small supporters across the web. You’ll set up a campaign and name a target amount of money you want to raise, as well as create perks for donors who pledge a certain amount of money. Then, you raise money for the campaign over a specified time period. With Kickstarter, you’ll only get to keep the money if you raise the full amount of your goal, but IndieGoGo will let you keep anything you raise (for a cut of the proceeds). For more info, check out our guide to choosing between the two and maximizing your crowd-funding campaign .

Next: If You’re Running a Small Business

Look Local

If you’re launching a small company (vs. a tech start-up that you see as the next Facebook), you’ll definitely want to check out your local small business development center. Many universities have one, and the Small Business Administration (SBA) alone has 63 across the country. Not only can these centers help connect you with groups of entrepreneurs for networking and angel investors for funding, they can help you determine what type of loans and funding you might qualify for and help you apply. Your local chamber of commerce may also be a treasure trove of information and guidance in terms of where to get local funding. Many large cities have programs and organizations that exist solely to bring business into the local community.

Consider Taking Out Loans

If you can show that you’ve started gaining traction and making money (and that a loan would help you earn even more), you may be able to qualify for a traditional bank loan. Many banks, such as Bank of America and Wells Fargo, have recently announced increased commitment to small business. While each bank and individual situation differs, this may be a good bet if you’re looking to find funding between $5,000 and $500,000.

Next: If You’re Launching a Tech Start-up

Look to Angels

If you have a tech start-up, you’ll probably eventually need more capital to really get going— to hire people or get office space, for example—than bootstrapping and crowd-funding will afford you. You’ll likely need to reach out to outside investors. A good place to start is angel investors, usually established business professionals with high net worths who are looking to invest in promising companies. Typically, an angel will invest anywhere from $10,000 to a few million dollars.

To find angels, ask other entrepreneurs in your network, or check out the Angel Capital Association , which counts over 330 angel investor groups nationwide. You can also look at AngelList , a website that helps entrepreneurs make connections with interested investors. So far, the site has helped more than 1,000 start-ups get funded.

In addition to making direct loans, angel investing groups sometimes host events or competitions that can help provide new entrepreneurs with additional networking opportunities. Check your local community for these groups.

Venturing into Bigger Capital

If you’re looking for some serious funding (at least $1 million), you’ll need to turn to venture capital. Venture capitalists (VCs) are more likely to require an in-depth and airtight business plan, but they can also give you larger amounts of money.

VCs typically invest in a few different companies for their clients, and hope to make money off of one (or all) of them to pay back their client’s investments. What that means for you is that they see all kinds of businesses—and you have to make yours stand out . Also, you should know that VCs are looking for a return anywhere from 3-10 times their original investment, usually within the next 5-7 years, so it’s best to have an exit strategy in mind.

The best way to get meetings with VCs is through introductions from other entrepreneurs or investors—which means that if you’ve decided to solicit VC money, it’s time to leverage your contacts (and their networks) to see who you can talk to. Don’t have any contacts? It’s more of a gamble, but you can also browse the National Venture Capital Association website and pitch your business to the ones you find a connection with. While cold-calling a venture capitalist may not be the easiest feat, it’s somewhere to start.

Ready to Launch

Finding funding can be the hardest part of getting your business off the ground, but also the most rewarding. Once you’ve saved, gotten approved for a loan, or found other people to invest in your business, you can get back to—or start—your dream job! Though it can be a long road to success, finding allies along the way (whether they’re friends, angel investors, or venture capitalists) to help keep your business afloat can make all the difference in the world. Good luck!




Business Plan Writers for Funding – Financing #finance #companies


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Professional Business Plan Writers For Canadian Entrepreneurs

We help entrepreneurs and existing businesses write business plans to secure financing. Across Canada, our team of professional business consultants will work with you to look at your business idea and offer advice to boost your funding success.

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Business Plan Lifecycle

Are you beginning your first business venture, or are you already a successful entrepreneur? Our personalized business plans can give you a distinct competitive advantage with lenders and investors. Our customized business plans help:

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We write business plans that allow you to reach your business goals.

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For most entrepreneurs, writing a professional business plan is put on the back burner for three main reasons:

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Within the team. we have over 50 years of consulting experience. Our practical, down to earth approach is a result of our experience – we’ve worked in the trenches in a variety of roles and industries. We don’t use junior writers, simplified questionnaires or cookie cutter templates.

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Where to Find Small-Business Funding #small #business #owner


#small business funding

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Credit Cards

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Investing

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Loans

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Credit Cards

Banking

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Loans

Insurance

Where to Find Small-Business Funding

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money .

So you’ve had an entrepreneurial breakthrough. Your research shows your idea is sound, and you’ve detailed all its nuances in a comprehensive business plan. You know how to spread the word about your new venture and how you’ll plan for future growth.

Now, how are you going to fund it?

Traditional small-business funding took a hit during the financial crisis, with banks opting for bigger, more secure investments over small-business ventures. Data from the Federal Deposit Insurance Corp. show small-business lending hasn t returned to pre-recession levels; loans of $100,000 to $250,000 have fallen 22% since 2007.

But it s still possible to get the capital you need to launch, maintain or grow your business. And once you identify small-business funding that s right for you, there are steps you can take to increase your chances of getting a business loan .

5 ways to fund your small business

1. If you have an established business, collateral, strong credit and finances:

Banks. Traditional banks are still a great starting point and can help you figure out where you stand in terms of funding. Even if your business doesn t have a strong enough track record and enough assets as collateral to qualify for a loan, talking to someone at a traditional bank can help you figure out what documents you need and what your best options may be.

2. If your business falls just outside of a traditional bank’s strict lending criteria:

SBA. The U.S. Small Business Administration offers lenders, almost exclusively banks, a federal guarantee on your loan, making it less risky for them to lend you the funds you need to be successful. In doing so, the SBA also connects you with favorable rates offered by traditional lenders. And unlike most bank loans, you can use an SBA loan to start a business. However, the application process isn t easy, and you can find yourself trapped under a heap of documents while you work through the appropriate forms. Online lender SmartBiz provides a more streamlined application process, originating SBA loans faster than traditional banks.

3. If you have bad personal credit, need cash fast or don’t want to wait for a bank loan:

Online alternative lenders. With traditional banks limiting access to capital, alternative lenders have seen an increase in popularity. A report by Morgan Stanley predicts they’ll provide 16% of small-business loans by 2020. They are particularly useful for owners struggling with bad credit or those in need of fast cash. with several online lenders able to turn around funding within 24 hours. Peer-to-peer lenders are among the alternatives; these lenders cut out the traditional middleman — such as a bank — to connect borrowers with individual and institutional investors. The cost of borrowing, however, is much higher; some charge annual percentage rates over 100%. Still, alternative lenders are a good option when the bank says no.

4. If you think your product can capture the interest of the public:

Crowdfunding. Crowdfunding sites such as Kickstarter rely on investors to help get an idea or business off the ground, often rewarding them with perks or equity in exchange for cash. Although the popularity of these services has increased in recent years (the SBA even offers an online course in crowdfunding), there are caveats. For one, your product or company has to be intriguing enough catch the eye of multiple investors. With equity crowdfunding, there are strict securities laws and rules to follow for investors and entrepreneurs alike.

5. If you have an existing membership and like a personal touch:

Credit unions. Like banks, credit unions offer favorable rates and loans backed by the SBA. But unlike banks, credit unions have increased their small-business lending 60% since 2008, according to the National Association of Federal Credit Unions. Though you’ll likely have to be a member, the co-op nature of credit unions often ties them to the community, so you may also reap the benefits of more personal relationships and name recognition.

Find and compare small-business loans

NerdWallet has come up with a comparison tool for the best small-business loans to meet your needs and goals. We gauged lender trustworthiness, market scope and user experience, among other factors, and filtered them by categories that include your revenue and how long you’ve been in business.

To get more information about funding options and compare them for your small business, visit NerdWallet ssmall-business loanspage. For free, personalized answers to questions about financing your business, visit theSmall Businesssection of NerdWallet’s Ask an Advisor page.

This post has been updated. It was originally published Oct. 29, 2014.

Image via iStock.

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Company Partners – find business angels, business angel investment, business partner, business funding and mentors #business #name #ideas


#business partners

#

Business Partners, Business Angels and great business opportunities

If you are looking for a Business Partner. Business Angel investment or a Mentor this is the place to come.

You can access our sophisticated database of business partners, Investors opportunities directly through our secure system.

  • Find funding from our Business Angels
  • Contact others to join you as a Business Partner
  • Great business opportunities for Investors

Register now to get started

Need a Business Partner to bring additional experience, or a Business Angel with investment available? Or a Mentor to bring guidance and boost your management team.

Join now and contact directly our Business Partners. Business Angel Investors and Mentors .
With one membership you can do all three:

  • Find a Business Angel Investor
  • Find a Business Partner
  • Find a Mentor / Non Exec

Register now to get started

Business Angel Investors are special in Company Partners. You get FREE membership and easy to use facilities that help you find that golden business opportunity. You can select your own criteria and choose either with or without hands-on involvement.

  • Quick secure on-line search for opportunities
  • Automatch for new businesses for investment
  • Easy to use, simple to contact directly
  • 1000s of rewarding equity investments

Register now to get started

Dynamic businesses are looking for Mentors and NonExec Directors to boost their management teams and to help them grow.

  • Use your skills experience
  • Opportunity for pay or equity
  • Build a portfolio of interests

Register now to get started

See examples of members

Who uses Company Partners

Start-ups looking for a like minded Business Partner or Business Angel investment with contacts and experience, growing companies looking for expansion funding, Mentors with years of experience and Investors seeking an exciting and rewarding business opportunity.

Find out what the press and our clients are saying.

Successfully found an Investor through your site and cannot thank you enough!

Andrew – Stockings Romance

I have now found a business partner, the response was amazing.

Karen – Little People By The Sea

Our property development project has now got our Angel Investor thanks to your web site.

Margaret – Suffolk Development




More Than 15 Small Business Funding Resources for You #business #valuations


#small business funding

#

More Than 15 Small Business Funding Resources for You

Most small business owners can identify with the challenges of getting financing for their business or funding for a new product. There’s no short, easy road to funding, most of the time, but these small business funding resources can help.

Kabbage

Kabbage has to be the most unique small business funding source found recently. They have created a powerful platform that, in my understanding, is creating a real-life look at how your business is doing to help you grow it.

They don’t only look at credit scores, as so many traditional lenders do. They look at things like your Paypal, Ebay, Amazon, or Intuit QuickBooks account to figure out if you qualify and how much of a credit line you can receive. It is impressive.

Kiva Zip

Another innovative program and approach is found with Kiva, the microfinance platform. Etsy wrote about it. There is official information about zero interest (0%) with the Kiva Zip program (in Alpha, not even in Beta), and success stories on the main page.

The Lending Club

The Lending Club is a name that many consumers and business owners have heard before, but it is a site worth checking. Their peer-to-peer approach has taken the banking world by storm and it looks likely to continue in the business loan sector.

SmartBiz SBA Loans

SmartBiz SBA Loans ($5,000 $150,000) is a small business lender, but one that promises a much better process than traditional banks, on SBA type loans. If you’ve ever gone through the SBA formal process, you know that it is rather comprehensive.

Funding Circle

Funding Circle has a large UK presence as well as a US site. It is an online marketplace for small business loans. The site explains you can find out in approximately one week if you qualify for a loan.

MultiFunding

Ami Kassar CEO of MultiFunding has a useful website on how the different funding options work and his consulting brokerage serves as a matchmaker for businesses that need more than just the “best rate” and need help with more complicated loan options.

OnDeck and BoeFly

Here are a couple of other small business loan providers that are promising an easier process, lower rates, and other options that might make their loans more appealing to you. OnDeck and BoeFly .

QuickBooks Financing

QuickBooks Financing has a site dedicated to helping you find the right financing. It is a matching engine that allows their selected lenders to provide you with the right loan. I’m presuming it also uses some of your QuickBooks data, but I’m not certain of that as I did not submit data on the form.

Wells Fargo and SBA Bank of America

There is no shortage of traditional lenders where you can walk into a branch and talk to someone about an SBA loan, so I would be remiss for not including at least a couple that I believe in. The Wells Fargo small business loan page offers a range of good information. And the SBA Loan page at Bank of America may help you sort different SBA options.

Factoring

If you have ever considered factoring, where you get financing based on your receivables, then I recommend this guide from RTS Financial, Your Complete Guide To Factoring.

PayPal Working Capital

PayPal Working Capital lets you pay your loan back as you get paid. A factoring method, of sorts.

Chase Mission Main Street Grants

One of my favorite places to look for less traditional financing options is the Small Business Events here on Small Business Trends. I used it to help compile this list, so I know there are some great funding options, often awards or contests, worth considering. This Chase Mission Main Street Grants is a terrific example. There is new information on the 2014 program.

Government Grants

You may need help to understand if a Government grant is worth pursuing. There are some large scale federal programs that pass funds through to universities and other nonprofit type institutions where you can sometimes find just the right help for your company.

City and State Level Resources

As I mentioned above, there are many city and state level resources, but too many to explain. If you search for your city or state combined with economic development, small business funding, and other related terms, you may find a niche program that serves your needs.

Here is a page from the Nevada Small Business Development Center where you’ll get an idea of what you find at the state level. There are community-focused programs, as an example of a city program, for the Philadelphia area, Loan Programs City of Philadelphia Business Services Center. Scroll down through the long list to find the smaller loan amounts.

Opportunity Finance Network

Opportunity Finance Network (part of Goldman Sachs 10,000 small businesses initiative) is a big initiative sponsored by Goldman Sachs. The goal is to help educate business owners on a wide range of topics, to give you the best chance for success, in addition to access to capital. You must have an established business, with revenues.

There are plenty of sites that offer business loans too many to try and list. There are resources at the State and City level, depending on where you live, that can help you financially. There are also lists of USA State websites that offer resources or details around funding and details available on what it takes to qualify for a small business loan as well as sources of start-up funding .

We welcome you to list resources in the comments. We want to see the path to funding get easier, more transparent, and understandable for small business as a whole and we hope these resources do that for you.

If you have discovered a great resource that can help a small business owner find financing or a grant, please share it below.

TJ McCue served as Technology/Product Review Editor for Small Business Trends for many years and now contributes on 3D technologies. He is currently traveling the USA on the 3DRV roadtrip and writes at the Refine Digital blog.

Latest Trending Business News




Where to Find Small-Business Funding #business #email


#small business funding

#

Credit Cards

Banking

Investing

Mortgages

Loans

Insurance

Credit Cards

Banking

Investing

Mortgages

Loans

Insurance

Where to Find Small-Business Funding

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money .

So you’ve had an entrepreneurial breakthrough. Your research shows your idea is sound, and you’ve detailed all its nuances in a comprehensive business plan. You know how to spread the word about your new venture and how you’ll plan for future growth.

Now, how are you going to fund it?

Traditional small-business funding took a hit during the financial crisis, with banks opting for bigger, more secure investments over small-business ventures. Data from the Federal Deposit Insurance Corp. show small-business lending hasn t returned to pre-recession levels; loans of $100,000 to $250,000 have fallen 22% since 2007.

But it s still possible to get the capital you need to launch, maintain or grow your business. And once you identify small-business funding that s right for you, there are steps you can take to increase your chances of getting a business loan .

5 ways to fund your small business

1. If you have an established business, collateral, strong credit and finances:

Banks. Traditional banks are still a great starting point and can help you figure out where you stand in terms of funding. Even if your business doesn t have a strong enough track record and enough assets as collateral to qualify for a loan, talking to someone at a traditional bank can help you figure out what documents you need and what your best options may be.

2. If your business falls just outside of a traditional bank’s strict lending criteria:

SBA. The U.S. Small Business Administration offers lenders, almost exclusively banks, a federal guarantee on your loan, making it less risky for them to lend you the funds you need to be successful. In doing so, the SBA also connects you with favorable rates offered by traditional lenders. And unlike most bank loans, you can use an SBA loan to start a business. However, the application process isn t easy, and you can find yourself trapped under a heap of documents while you work through the appropriate forms. Online lender SmartBiz provides a more streamlined application process, originating SBA loans faster than traditional banks.

3. If you have bad personal credit, need cash fast or don’t want to wait for a bank loan:

Online alternative lenders. With traditional banks limiting access to capital, alternative lenders have seen an increase in popularity. A report by Morgan Stanley predicts they’ll provide 16% of small-business loans by 2020. They are particularly useful for owners struggling with bad credit or those in need of fast cash. with several online lenders able to turn around funding within 24 hours. Peer-to-peer lenders are among the alternatives; these lenders cut out the traditional middleman — such as a bank — to connect borrowers with individual and institutional investors. The cost of borrowing, however, is much higher; some charge annual percentage rates over 100%. Still, alternative lenders are a good option when the bank says no.

4. If you think your product can capture the interest of the public:

Crowdfunding. Crowdfunding sites such as Kickstarter rely on investors to help get an idea or business off the ground, often rewarding them with perks or equity in exchange for cash. Although the popularity of these services has increased in recent years (the SBA even offers an online course in crowdfunding), there are caveats. For one, your product or company has to be intriguing enough catch the eye of multiple investors. With equity crowdfunding, there are strict securities laws and rules to follow for investors and entrepreneurs alike.

5. If you have an existing membership and like a personal touch:

Credit unions. Like banks, credit unions offer favorable rates and loans backed by the SBA. But unlike banks, credit unions have increased their small-business lending 60% since 2008, according to the National Association of Federal Credit Unions. Though you’ll likely have to be a member, the co-op nature of credit unions often ties them to the community, so you may also reap the benefits of more personal relationships and name recognition.

Find and compare small-business loans

NerdWallet has come up with a comparison tool for the best small-business loans to meet your needs and goals. We gauged lender trustworthiness, market scope and user experience, among other factors, and filtered them by categories that include your revenue and how long you’ve been in business.

To get more information about funding options and compare them for your small business, visit NerdWallet ssmall-business loanspage. For free, personalized answers to questions about financing your business, visit theSmall Businesssection of NerdWallet’s Ask an Advisor page.

This post has been updated. It was originally published Oct. 29, 2014.

Image via iStock.

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Business funding #drop #shipping #business


#business funding

#

Knowledge Base

Foundations typically fund nonprofit public charities, as defined in Section 501(c)(3) of the Internal Revenue Code. These are organizations whose purposes are charitable, educational, scientific, religious, literary, or cultural. The small number of foundations that give to individuals typically do so to help pay for educational expenses or support artistic or research projects.

By and large, foundations do not make grants to for-profit enterprises. If you are seeking funds to start a for-profit business, please consult the resources below for more information. You might also consult the business section of your local public library, or economic development agencies in your city, county, or state.

Social enterprises

If your for-profit business has a strong social mission, it might be considered a social enterprise. Social enterprise, also known as social entrepreneurship, broadly encompasses ventures of nonprofits, civic-minded individuals, and for-profit businesses that can yield both financial and social returns.

A small but growing number of foundations may provide program-related investments (PRIs) to social enterprises as well as nonprofits. PRIs are low-interest loans that a foundation can give to organizations or projects that match the funder’s giving interests.

See also our related Knowledge Base articles:

Selected resources below may also help.




Business Loans, Acquisition Funding, Commercial Banking – Opus Bank #quality #business #cards


#business acquisition loans

#

Business Loans

Opus Bank’s portfolio of products, services and solutions are particularly well-suited to support small to mid-sized businesses with revenues from $5 million to $100 million and more. Opus Bank has commercial business banking resources to help your business grow and expand. We believe in building long-term business partner relationships, so you can count on us to be there as you grow.

​LENDING THAT MAKES SENSE

We know every business is unique, which is why our “common sense underwriting” is designed to help you capitalize on the opportunities that make sense for your business. Our Business Bankers are experts at finding the right financing solution for your business.

BUSINESS LOANS

Opus Bank has an extensive array of capital financing to help you achieve your business goals and aspirations.

  • Equipment Loans – Our Equipment Loans can help you purchase equipment, vehicles, or make capital improvements.
  • Business Acquisition Term Loans – Our Business Acquisition Term Loans can be structured to provide cost-effective financing for purchasing another business.
  • Owner-Occupied Real Estate Loans – We can help with the purchase or refinancing of an existing facility, or with the construction of a new facility through our Owner-Occupied Real Estate Loans.
  • Small Business Loans – As a Small Business Administration Preferred Lender, Opus Bank can help you secure the critical funds you need.

Financing subject to credit and collateral approval by Opus Bank




Canadian Government Funding – Small Business Grants #business #apps


#small business grants

#

Canadian Government Funding for Small Businesses

Mentor Works has worked with hundreds of SMEs across Canada to solve one wide sweeping issue: cash flow planning. The challenge facing most Canadian businesses is how to find and take advantage of suitable Canadian government grants and loans to assist with their cash flow and accelerate their growth. Browse a list of top small business funding programs to find out what your businesses can leverage:

List of Canadian Government Grants and Loans for Small Businesses

We have created a table of some of the most popular government grants for small business units in Canada, including repayable funding options, splitting them up into:

Each program has specific and unique eligibility criteria that you should review prior to applying to ensure your business and project are eligible. If you would like information on a specific program, please click on the program name to learn more. Have questions about the program? Fill out the form at the bottom of the program page, call our toll free number (1-888-599-3111), or send us a message via our Contact Form .

Government
Funding
Program

Receive up to $100k in grant funding towards an industry post-secondary collaborative research project to create new water technologies that will:

  • Commercialize new water technologies
  • Bring new water technologies to market
  • Tap into the global water demand

Industry-led Research Development Stream: Supports pre-commercialization R D, leading to new agri-based products, processes, and practices.

  • Combines industry, academia, government expertise to promote innovation
  • Scope may be national, regional, or localEnabling Commercialization Adoption Stream: Accelerates the rate of identification, assessment, development and adoption of innovation-based products
  • Commercialization projects of a new product or innovation
  • Technology adoption projects to improve internal operations or end products

Provides non-repayable funding support to Canadian agriculture, agri-food, fish, and seafood industries by allowing them to identify market priorities and carry out marketing activities to develop export opportunities:

  • Development and production of advertising materials
  • Trade shows, conferences, and trade missions
  • Implementing marketing and branding plans

Apprenticeship Job Creation Tax Credit

Supports the training and certification of new trades apprentices through wage subsidies. Credit covers the training of new trades employees.

Apprenticeship Training Tax Credit (Ontario)

Incentive to allow SME s to hire new apprentices in trades.

  • Register new trades apprentices in sectors where there is high demand for skilled workers

Automotive Innovation Fund (AIF)

Supports the development of innovative, fuel-efficient new automotive products and processes to:

  • Create knowledge-based jobs in Canada;
  • Improve automotive sustainability and environmental impacts; and
  • Improve Canada s competitiveness.

Automotive Supplier Innovation Program (ASIP)

Provides research and development grants to assist with innovative automotive product development. Ideal projects activities:

  • Prototyping;
  • Product engineering; and
  • Pre-commercialization testing and validation.

Build in Canada Innovation Program (BCIP)

The Build in Canada Innovation Program is a first purchase program offered by the Canadian government.

  • Pre-commerical, innovative product or service opportunity to bridge the commercialization gap
  • Must be of use to the Canadian government by improving efficiency and effectiveness

Receive up to 66% or $10K in training grants per trainee to enhance your workforce.

  • Most training that improves skillsets and career advancement is eligible.
  • Training can be carried out throughout the calendar year.
  • Program available from 2014-2020 with an annual funding pool of $192M in Ontario.

Grant for developing, producing, and promoting innovative, interactive software development projects including apps and video games.

  • 3 streams: Development, Production or Marketing Promotion
  • Covers up to 75% of eligible costs up to $400k/$1 million
  • Canadian companies can apply if ≥75% of content is developed in Canada

Small businesses with $10M in annual gross revenues can receive loan funding for expansion activities up to $1M.

  • Competitive interest rates
  • Can apply at a financial institution or credit union
  • May require a business plan




Small Business Investors – Funding – Finance for UK Businesses #small #business #crm


#small business investors

#

Funding for Small Businesses

Where does someone look for funding if they are a small business? Business loans are only possible if the company has been in business for some time, but most young businesses are looking to expand and so they need other options to raise business capital.

Government grants are another possibility. However, the process of obtaining funding this way is notoriously difficult. The UK government has claimed that this is a sort to test to see how much they need the funding, but the reality is that it is regulated by EU legislation. On the other hand, the EU itself does not fund anything beyond public sector ventures.

There are also sites that offer local grants to small businesses around the UK, including local councils and large companies such as BT and O2, but the latter are usually competitions. Sites such as Business Zone UK list various business grants and awards available to UK entrepreneurs, but the number of proposals and funding amounts are usually quite limited.

More common options for business funding are Angel Investors and Venture Capitalists, both of which will invest significantly higher amounts in your start-up or small business. However, both Angel Investors and Venture Capitalists will want some control of your business and guarantees of a good return on investment in exchange for their money. But at the same time, they offer the experience which could be that factor which allows your business to succeed in the first place.

Remember, the investor is looking to make money just as you are, and so it will be a venture that both sides enter together as a partnership. This means that anyone who invests in a small business will do everything possible to ensure that they are making a sound investment. They will check your business plans thoroughly, and make sure that they themselves believe in your business idea and future plans.

Finding funding for your small business or start-up can take a long time, but the Angel Investment Network can help you make vital contacts with experienced angel investors who are looking to make an investment.

Recent Proposals

500,000 Req 10,000 Min

Live life, free. VolunteerAnything.com is a technical solution to Everyday Poverty and with investment we will change the world.

150,000 Req 80,000 Min

A****** is an innovative menu display touch screen project that supports menu allergen display at food serving premises in order to comply with FIC law.

100,000 Req 5,000 Min

Our team (experienced) will sell all products on Installments (Leasing) to enhance the buying power of Public as well as will earn 36% on every sale in one year.

20,000 Req 10,000 Min

Got contacts from my last position so ready to hit the ground running.

200,000 Req 25,000 Min

I am acquiring an established, proven business who’s existing owner is retiring. I need short-term cash (3 years) to restructure the business, generating significant returns.

3,000,000 Req 100,000 Min

Algaesys Ltd is a process contractor delivering our new proven algae-based treatment for small municipal wastewater. The process is driven by the sun, not electricity.




Commercial Finance #commercial #mortgage, #business #loans, #property #development #funding, #retail #finance, #bridging #finance, #asset #leasing, #equipment #leasing, #factoring, #personal #loans, #buy #to #let #mortgage


#

Commercial Finance | Whiterosefinance.com

Property, Business Purchase & Buy 2 Let Investments. Up to 75% of Property / Business value. Specialists in Pub, Hotels, Offices, Manufacturing & Retail Premises. Special deals for sitting tenants.

Funding for residential and commercial new build and refurbishment projects. Up to 100% of the total funding requirement can be provided in many cases – call us today funding still available .

POS Retail Finance, Loans for Leasehold Business Purchase, Loans for shop equipment, Cash Advances against Debit and Credit Card Transactions.

Low Cost Home-Mover ‘GAP’ Bridging Finance from just 6.5% p/a. Non-status and investor loans from just 0.75 % per month flat rate. Quick to organise we can have funds to you in days.

Flexible, tax efficient and low deposit solutions to aquire any business asset / machinery or vehicle. Sale and Leaseback of existing owned assets to 80% of market value.

Poor cashflow, late payers. Affordable Factoring Invoice Discounting can significantly assist cash in to your business and reduce / redirect overdraft facilities. New start business welcome.

Innovative and Cost Effective financial solutions.

Throughout the major changes experienced in the UK financial markets over recent years we continue to deliver innovative funding solutions for our clients.

Providing the skills and expertise to ensure a positive lending decision is our core strength and we achieve a very impressive success rate for our clients.

Even if your own Bank has refused to support there is every chance we can offer a solution.

We work at a senior level with over 200 UK based alternative lenders across a broad range of Products and Services.

Contrary to popular belief, funding is still available for well supported and professionally presented cases.

Interest rates and terms can be very competitve with fast decisions and decisive action to get the required funds to you in the fastest possible time.

We will quickly assess your funding requirement and can very often be in a position to offer indicative terms the same day.

Working with us will greatly improve the chances of your funding requirement being approved.If it can be funded we will secure the finance for you – guaranteed.

Please get in touch and allow us to demonstrate what service and choice really mean.Contact our team today for free confidential advice, without obligation.

Quick enquiry

Call us today

Telephone White Rose Finance on 0845 838 1954.

White Rose Finance Group Ltd, No 1, Abbey Court, Benedict Drive, Selby, YO8 8RY
Tel. 0845 838 1954 | Fax 01757 700 963

Commercial Finance | Whiterosefinance.com

White Rose Finance Group are Credit Brokers, Authorised and Regulated by the Financial Conduct Authority (FCA). Reference Number – 630772

PLEASE MAKE BORROWING DECISIONS CAREFULLY, YOUR HOME OR PROPERTY MAY BE AT RISK
IF YOU CANNOT KEEP UP AGREED REPAYMENTS ON ANY LOAN OR MORTGAGE SECURED ON THAT PROPERTY.




Cash Crunch: What s the Best Loan for Your Small Business? #funding,bank #loans,loans,startup #funding,cash #flow,finance


#

Cash Crunch: What’s the Best Loan for Your Small Business?

Small-business owners are often struck by a kind of paralysis when looking for a loan: Where should I go? How much can I ask for? Will I succeed?

It s no wonder fledgling entrepreneurs fret over these details — only half of small businesses that applied for financing in the first half of last year received any cash, according to a 10-state survey by the U.S. Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

A lot of business owners think it s hard to find financing, partly because there are so many lenders and types of loans from which to choose. As more nontraditional lenders such as Lending Club and Prosper help fill the gap in small-business funding alternatives, the potential for confusion just keeps increasing.

Questions to ask yourself

First thing you should do is breathe. All of those options may be confusing, but it makes it very likely there ll be a solution that works for you. To get started, take some time to ask yourself: What s my best option? One problem is that business owners tend to go with what they know, and often that means going for a traditional loan from a brand-name bank. But that can be a demoralizing experience. As a 2014 Harvard University analysis notes: The banking industry in the aggregate appears increasingly less focused on small business lending. The share of small business loans of total bank loans was about 50 percent in 1995, but only about 30 percent in 2012.

Remember, what s right for you as a small business is a function of two things: (1) What do you qualify for? (2) What are your priorities? For example, do you want your cash as fast as possible, do you need a set amount of funding or do you have to have the lowest rate?

The company I work for, NerdWallet, recently did a deep dive to compare small-business loans. examining key factors that help determine the best funding alternative. Here are the top factors that lenders will consider:

  • Age of your business
  • Revenue
  • Your personal FICO score
  • Size of proposed loan
  • How you plan to use the cash

Together these elements help a lender evaluate the likelihood that it will get its cash back.

Getting past the terrible twos.

All the factors above are important. But there s another element to consider: Has your business reached its second birthday? If it has, you ll qualify for the widest range of credit options.

Yes, two years is a magic number. Once your business makes it to 24 months, a whole range of new lending options — including Smart Biz SBA loans and small-business loans from Funding Circle and Lending Club — open up to you.

That s because around 20 percent of all new businesses fail in the first two years, according to the U.S. Bureau of Labor statistics. About a third fail by year three and roughly half by year five. Lenders are less likely to back a business that hasn t proved it can survive its infancy when mortality rates are so high.

Still, there are many lenders who will cater to businesses that are less than 2 years old; it s just that interest rates on their loans are generally higher.

A note of caution: Every loan you apply for will cause a soft pull on your credit history and will affect your FICO score. And each lender has a wide range of interest rates — including some as high as 113 percent APR — and several also have a one-time origination fee based on a percentage of the total loan.

It s hard to divine any of this taking a look at each lender s page and you ll face the difficulty of not knowing what you qualify for before applying.

So we created a page that analyzes all these factors. It wasn t easy work — I had conversations with several lenders, pored over the fine print of lender corporate filings and, in many cases, applied for loans myself. (Keep in mind that you will face heavy marketing pressure once you go down this road. After I began my research, my voicemail was clogged with 50 follow-up messages from lenders.)

According to our analysis, here s how alternative lending opportunities break down by years of business:

(For a complete look at rates, requirements and our suggestions for appropriate use, visit our small-business loans breakdown .)

What about your retirement funds?

Personal savings and credit are by far the most common way startups are funded, according to Entrepreneur, followed by loans from friends and family. Bank loans were only the fifth most popular source of funding.

But before you max out your credit card or call your family, have you looked at your retirement funds as an option?

You might not know that you can use your retirement accounts as a tax-free source of business funding. Business owners invest retirement funds in their businesses as an equity investment rather than a loan, such that the funds don t need to be paid back to their retirement accounts. As a result, business owners avoid the debt and interest payments that come with other financing options, writes financial planner Mark Nolan. a member of NerdWallet s Ask An Advisor network.

Typically, the business owner is able to access funds in 10 to 15 business days. For a time-sensitive business opportunity, quick access to funds can make all the difference, he adds.

Of course, any new business venture is inherently risky — which means you might never see this cash again. That s a decision you could live to regret when retirement approaches.

It may seem tough to fund a new business, but entrepreneurs have more options than ever before. Investigate them all before deciding on what s best for you.

Cindy Yang

Cindy Yang is head of the small-business group for NerdWallet, a personal finance startup. A former Goldman Sachs investment banking analyst, Yang teaches marketing for small-business owners at the San Francisco office of the U.S. Small Bus.




VA Funding Fee, Loan Amount Limits 2014 #va #funding


#

VA Funding Fee, Loan Amount Limits 2014

Below we will explain the VA Funding Fee, Loan Amount Limits 2014

VA Funding Fee Explained:

The VA Funding Fee is paid directly to the Department of Veterans Affairs and is the reason they can guarantee this no-money-down loan program. This fee is paid so that VA eligible borrowers can enjoy loan benefits such as $0 down financing and no PMI payments.

VA Funding Fee Chart. The Funding Fee is calculated by looking at a few factors: Loan amount, loan type (VA Purchase or VA Refinance ), type of service, down payment (if any) and prior VA loan use. Take a look at the charts below to see how the VA funding fee varies based on these factors.

Purchase First Time Use

How the Funding Fee is Paid:

The funding fee doesn t need to be paid separately and is typically rolled into the loan. This is a big benefit to buyers looking to take advantage of the 100% financing VA loan. Not only do borrowers not need to put anything down, but they can also finance the VA funding fee as well.

VA Funding Fee Exemption:

Borrowers are exempt from paying the funding fee if they receive any disability payments from the VA or are considered at least 10% disabled.

Remember when using the VA home loan calculator to add the funding fee amount to loan amount. Example: Purchase price is $100,000. Funding fee is 2.15%. So final loan amount is $102,150

2014 Florida VA loan amount limits by county listed below. Please call us at ph: (904)385-3988 with any questions about VA loans here in FL. You can also submit the quick Info Request Form HERE .

Single Family Home
($0 down and up to)

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Small Business Loans and Small Business Funding #stock #market #quotes


#small business lending

#

OnDeck

Small Business Loans

Financing is critical to the health of small businesses. In order to grow, businesses need loans to purchase inventory, maintain cash flow, hire new employees, purchase equipment and invest in their business. Yet, a landmark study by Harvard Business School shows that bank loan availability to small businesses plummeted during the recession and has stayed at these low levels since.

Interested in financing for your business? Get a true loan decision in minutes with OnDeck.

A New Approach to Business Loans from OnDeck

Launched in 2007, OnDeck uses technology to make the small business borrowing process fast and easy. We deliver loan decisions in minutes and funding in as fast as one business day. By focusing on the health of your business rather than your personal credit score, OnDeck has higher approval rates than most banks.

  • Over $2 billion delivered to small businesses nationwide in approximately 700 industries
  • A+ Better Business Bureau rating, backed by Google Ventures, featured in the Wall Street Journal
  • Loan amounts from $5,000 to $250,000

Apply Now

Frequently Asked Questions

Q: Why is it so hard for small businesses to get financing?

A: Small business lending has been slow to recover since the recession. Traditional lenders lack an efficient system to underwrite small businesses, so many tend to defer to the personal credit score of the business owner as a measure of creditworthiness. It’s also cost prohibitive to underwrite smaller sized loans – it’s more profitable to make a $3,000,000 loan than it is a $30,000 loan.

Q: How come OnDeck can approve so many more businesses?

A: We use our OnDeck Score™ technology to make financing decisions based on the health of the business, rather than a personal credit score. We look at a variety of data points when analyzing businesses, and are able to deliver decisions in minutes and funding in as fast as 1 business day.

Q: What are the requirements for working with OnDeck?

A: Our minimum requirements are less stringent than traditional lenders. Although we look at a variety of data points when analyzing businesses, we require at least $100,000 in annual revenue and one year in business.

Q: How is an OnDeck loan different from a traditional bank loan?

A: OnDeck is different than traditional lenders in a several ways:

  • Our loans are between $5,000 – $250,000, with terms between 3 to 24 months. Bank loans typically have larger sizes – up to $5 million – and can have terms anywhere from 2 – 25 years.
  • OnDeck makes funding decisions minutes and can deliver funding in as fast as 1 business day, while banks can take up to 2 weeks to review the application and an addition 30 – 60 days to fund the loan if approved.
  • OnDeck also deducts a fixed, daily payment directly from your business bank account each business day, which helps to ensure minimal impact to your cash flow. Traditionally, banks collect payments on a monthly or quarterly basis.



Small Business Investors – Funding – Finance for UK Businesses #business #cards #cheap


#small business investors

#

Funding for Small Businesses

Where does someone look for funding if they are a small business? Business loans are only possible if the company has been in business for some time, but most young businesses are looking to expand and so they need other options to raise business capital.

Government grants are another possibility. However, the process of obtaining funding this way is notoriously difficult. The UK government has claimed that this is a sort to test to see how much they need the funding, but the reality is that it is regulated by EU legislation. On the other hand, the EU itself does not fund anything beyond public sector ventures.

There are also sites that offer local grants to small businesses around the UK, including local councils and large companies such as BT and O2, but the latter are usually competitions. Sites such as Business Zone UK list various business grants and awards available to UK entrepreneurs, but the number of proposals and funding amounts are usually quite limited.

More common options for business funding are Angel Investors and Venture Capitalists, both of which will invest significantly higher amounts in your start-up or small business. However, both Angel Investors and Venture Capitalists will want some control of your business and guarantees of a good return on investment in exchange for their money. But at the same time, they offer the experience which could be that factor which allows your business to succeed in the first place.

Remember, the investor is looking to make money just as you are, and so it will be a venture that both sides enter together as a partnership. This means that anyone who invests in a small business will do everything possible to ensure that they are making a sound investment. They will check your business plans thoroughly, and make sure that they themselves believe in your business idea and future plans.

Finding funding for your small business or start-up can take a long time, but the Angel Investment Network can help you make vital contacts with experienced angel investors who are looking to make an investment.

Recent Proposals

500,000 Req 10,000 Min

Live life, free. VolunteerAnything.com is a technical solution to Everyday Poverty and with investment we will change the world.

150,000 Req 80,000 Min

A****** is an innovative menu display touch screen project that supports menu allergen display at food serving premises in order to comply with FIC law.

100,000 Req 5,000 Min

Our team (experienced) will sell all products on Installments (Leasing) to enhance the buying power of Public as well as will earn 36% on every sale in one year.

20,000 Req 10,000 Min

Got contacts from my last position so ready to hit the ground running.

200,000 Req 25,000 Min

I am acquiring an established, proven business who’s existing owner is retiring. I need short-term cash (3 years) to restructure the business, generating significant returns.

3,000,000 Req 100,000 Min

Algaesys Ltd is a process contractor delivering our new proven algae-based treatment for small municipal wastewater. The process is driven by the sun, not electricity.




How to Get Funding from Angel Investors – Small Business #business #plan #sample


#small business investors

#

How to Get Funding from Angel Investors

Tips

  • Angel investors can be an option for start-ups with the potential to earn high profits.
  • Expect close scrutiny. Many angels are former entrepreneurs and like to be involved and give business advice.
  • Angel investors tend to specialize, so look into their investing history to ensure there’s a good match.
  • Related How-Tos

    Feedback

    Small businesses looking for financial help from an angel often turn to individuals willing to invest in promising, start-up opportunities. Angel investors can be a good funding source to consider after you ve tapped your friends and relatives. But angels usually don t write blank checks. They ll want to see progress and a way to exit the deal down the line with meaningful profits. So expect angel investors to do a lot of research and careful investigation into your business plan.

    Be thoughtful in approaching potential investors. Biotech investors, for example, don t want to hear about a clothing manufacturer. A scattershot approach is likely to turn them off. Industry associations, local trade groups or, in some states, business-incubator centers can help point to potential angels.

    Angel investors often invest through groups or networks. These provide due diligence, extra research, access to potential deals and shared expertise that one person operating alone generally doesn t have. For instance, one member of an angel group might have background in a particular industry or the know-how to set up deal terms, sharing that knowledge with the other investors.

    Angel investors are usually thorough, so don t expect to get your money quickly. It could take several months to meet with different individuals or groups and answer all of their questions. (There are exceptions, including the case of Google, which got funding from an angel before its cofounders finished their presentation to him.)

    Because they ll own a part of your company, they ll likely want a say in major decisions, and they ll watch to see whether you listen to them. Don t expect them to write a check and walk away. Many angel investors are former business owners who want to help people like themselves. They may be able to provide good advice based on their previous experiences.

    Getting funding from angel investors isn t easy, but it can be done if you take the right approach and are a good match with their interests. And the benefits can beyond the money for your business, but their expertise in both in business operations and your industry niche.

    Related WSJ Articles and Blog Posts:

    Online Tools:

    • Bplans’ Free Sample Business Plans — Dozens of example business plans from Palo Alto Software, a seller of business-planning software.
    • Finance Primer: A Guide to SBA’s Loan Guaranty Programs — An online training course on financing for a small business and loans from the U.S. Small Business Administration, a federal agency.

Additional Resources:

  • Angel Capital Foundation’s Listing of Angel Groups — Links to dozens of angel networks, capital databases and matching services, and other resources, from an organization founded by the Ewing Marion Kauffman Foundation, a promoter of entrepreneurship.
  • National Business Incubator Association — A directory of business incubators.



Business funding #business #administration #degree


#business funding

#

Knowledge Base

Foundations typically fund nonprofit public charities, as defined in Section 501(c)(3) of the Internal Revenue Code. These are organizations whose purposes are charitable, educational, scientific, religious, literary, or cultural. The small number of foundations that give to individuals typically do so to help pay for educational expenses or support artistic or research projects.

By and large, foundations do not make grants to for-profit enterprises. If you are seeking funds to start a for-profit business, please consult the resources below for more information. You might also consult the business section of your local public library, or economic development agencies in your city, county, or state.

Social enterprises

If your for-profit business has a strong social mission, it might be considered a social enterprise. Social enterprise, also known as social entrepreneurship, broadly encompasses ventures of nonprofits, civic-minded individuals, and for-profit businesses that can yield both financial and social returns.

A small but growing number of foundations may provide program-related investments (PRIs) to social enterprises as well as nonprofits. PRIs are low-interest loans that a foundation can give to organizations or projects that match the funder’s giving interests.

See also our related Knowledge Base articles:

Selected resources below may also help.




Small Business Investors – Funding – Finance for UK Businesses #online #business #opportunities


#small business investors

#

Funding for Small Businesses

Where does someone look for funding if they are a small business? Business loans are only possible if the company has been in business for some time, but most young businesses are looking to expand and so they need other options to raise business capital.

Government grants are another possibility. However, the process of obtaining funding this way is notoriously difficult. The UK government has claimed that this is a sort to test to see how much they need the funding, but the reality is that it is regulated by EU legislation. On the other hand, the EU itself does not fund anything beyond public sector ventures.

There are also sites that offer local grants to small businesses around the UK, including local councils and large companies such as BT and O2, but the latter are usually competitions. Sites such as Business Zone UK list various business grants and awards available to UK entrepreneurs, but the number of proposals and funding amounts are usually quite limited.

More common options for business funding are Angel Investors and Venture Capitalists, both of which will invest significantly higher amounts in your start-up or small business. However, both Angel Investors and Venture Capitalists will want some control of your business and guarantees of a good return on investment in exchange for their money. But at the same time, they offer the experience which could be that factor which allows your business to succeed in the first place.

Remember, the investor is looking to make money just as you are, and so it will be a venture that both sides enter together as a partnership. This means that anyone who invests in a small business will do everything possible to ensure that they are making a sound investment. They will check your business plans thoroughly, and make sure that they themselves believe in your business idea and future plans.

Finding funding for your small business or start-up can take a long time, but the Angel Investment Network can help you make vital contacts with experienced angel investors who are looking to make an investment.

Recent Proposals

500,000 Req 10,000 Min

Live life, free. VolunteerAnything.com is a technical solution to Everyday Poverty and with investment we will change the world.

150,000 Req 80,000 Min

A****** is an innovative menu display touch screen project that supports menu allergen display at food serving premises in order to comply with FIC law.

100,000 Req 5,000 Min

Our team (experienced) will sell all products on Installments (Leasing) to enhance the buying power of Public as well as will earn 36% on every sale in one year.

20,000 Req 10,000 Min

Got contacts from my last position so ready to hit the ground running.

200,000 Req 25,000 Min

I am acquiring an established, proven business who’s existing owner is retiring. I need short-term cash (3 years) to restructure the business, generating significant returns.

3,000,000 Req 100,000 Min

Algaesys Ltd is a process contractor delivering our new proven algae-based treatment for small municipal wastewater. The process is driven by the sun, not electricity.




Canadian Government Funding Consulting Services #real #estate #business


#small business consulting

#

Small Business Funding Consulting

As small business funding consultants, we help small businesses improve their performance by analyzing existing business challenges and helping to develop plans for improvement.

As part of our Canadian government funding strategy solutions, Mentor Works provides a range of services including coaching, change management, strategy development, and operational improvement services. We help organizations choose new, more powerful strategies that will increase their effectiveness, and their bottom line.

We accomplish this through planning strategy sessions to support cash flow planning and project management support. Through our Canadian government grants expertise, we can support your team in optimizing project and strategy planning to maximize your available funding opportunities and success rates.

My chief want in life is someone who shall make me do what I can.
– Ralph Waldo Emerson, American Poet, Essayist and Lecturer

Through the consulting process, we focus on funding strategy effectiveness – our Canadian government funding experts take the guesswork out of the process. We understand our clients’ unique needs and priorities, and find funding opportunities to fit their business. The benefits of working with Mentor Works:

  • An Expert Team. Our team are knowledgeable and experienced in the world of Canadian government funding – we understand the programs’ priorities, objectives, and requirements of a winning application.
  • A Proven Process. Our approach to small business grants and Canadian government loans is proven through our track record of success.
  • Access to Consolidated Resources. In our commitment to become Canadian grant funding experts, we have consolidated government funding resources in a systematized way to help you better understand the process.
  • Improved Strategic and Cash Flow Planning. We help businesses prioritize projects and identify the best strategies for timing projects to maximize government funding opportunities.
  • Gain New Perspective and Insight. See your business through the eyes of others and learn to implement an action plan that will improve your success.

How We Can Help You

Partnering with Mentor Works to access Canadian government funding can help your small business accelerate growth, improve capacity planning, and improve cash flow planning. We have helped hundreds of small businesses across the country reduce barriers to business expansion and improve profitability and competitiveness. Our team has direct experience in a range of industries and roles, including healthcare, manufacturing, government, information communication technology (ICT), finance, and economic development. Our industry leading knowledge of the Canadian government funding process can help your team make the best plans for strategic investment, business expansion, R D funding, and human resource onboarding and development.

Mentoring is a brain to pick, an ear to listen, and a push in the right direction.
– John C. Crosby, 19th-Century American Politician

We work with our clients to understand their priorities and help them find and leverage the right support to reduce costs, improve spend timing, improve project outcomes, and increase strategic investment.

Our clients receive funding application support from start to finish through the government funding process to help them:

  • Define their strategic goals and investment priorities;
  • Find and access the right Canadian government grants and loans to fit their needs;
  • Develop a project and business plan to optimize their spend;
  • Evaluate business plans to improve outcomes; and
  • Identify other areas for improvement or strategic funding support.

We help clarify the Canadian government funding process for you. As experts in the process we can identify the Canadian government grants available to your business:

Business Consulting and Canadian Government Funding Support

It has been said that mentoring is a brain to pick, an ear to listen, and a push in the right direction. Mentor Works provides a range of business consulting services to support our clients through the government grants funding process. We accomplish this by offering various programs to suit your needs and interests.

  • Strategic Planning with Funding. Supporting businesses investment and growth plans by identifying funding and cash flow planning strategies to maximize ROI.
  • Business Funding Coaching. Working directly with our team to improve outcomes and support communications throughout the funding process.
  • Funding Project Management Planning. Helping businesses identify the team and developing the project plan to ensure it will be successfully managed.

Get Started with Funding

Mentor Works funding consulting services can result in lowered operating costs, improved talent retention, and a competitive advantage. Find out how Mentor Works can help your business and your results by sending us a message or contact us directly at 1-888-599-3111.




Funding for Rehab, Help on how to get funding for rehab in the UK #funding #for #rehab


#

Funding for Rehab throughout the UK

Funding for Rehab, This Rehab website is published by ADUS Healthcare with an aim of raising awareness on how everyone can get funding for drug and alcohol rehab. Funding for private Rehab is available all over the country and yes, it is in your area to. It is well known that funding for Rehab it is not the fastest help in the world, but it is does cost you nothing, and it is available. If you would like to know the process on how to get Funding, call us today on 0845 3881 543 and we will help you through it. ADUS Healthcare has been established since 2009, and has a wealth of experience, and knowledge in the drug and alcohol rehabilitation industry which we would like to pass on to you. We are a none-profit making company, and all our help and advice is 100% free.

Funding for Rehab, We have many other drug and alcohol rehab programs available, so if for any reason you cannot wait for Funding for Rehab, and would like to know where the most affordable rehab programs are in the UK, then please call us on 07811 606 606 and we will help. Our team are here 24 hours a day, every day, and are in constant touch with most of the rehab centres in the UK. We help 100’s of people every year save £1000’s and yes, we can help you or a loved one.

We are now offering our home detox programs and our home rehabilitation programs throughout the UK. This is very popular for clients who need to be at home due to work commitments, or who need to look after their children. There is also the option of having their tailored medical detox carried out at the detox unit, and then their rehabilitation carried out at home once they are feeling more stable. This will be carried our with telephone counselling, plus weekly visits to make sure the rehabilitation is on the right track. We have 10 days to 12 week programs available. It does work.

It takes a lot of courage to want to call anyone for help when you are suffering from a drug or alcohol addiction. That’s not just for the client, but the family and friends as well. So I would personally just like to assure you that ALL the contact with ADUS Healthcare will be treated with the strictest of confidence, and maturity. You do not have to take it any further once you have spoken to us, but maybe it would be nice to know what your options are.

Pages

Funding for a Detox

Detox. If you are looking for a funding for a drug or alcohol detox there are certain steps you need to take. We can help you with the the steps you need to take. More.

Disclaimer: We do not aim to replace a Counsellor or doctors advice. Advice is given freely and without prejudice, and we accept no responsibility for clients health and mental well being. All content within this website is provided for general information only, and should not be treated as a substitute for the medical advice of your own doctor or any other health care professional. ADUS is not responsible or liable for any diagnosis made by a user based on the content of any ADUS Healthcare website. ADUS Healthcare is not liable for the contents of any external internet sites listed, nor does it endorse any commercial product or service mentioned or advised on any of the sites.

By continuing to browse the site you are agreeing to our use of cookies. I Understand




Funding Request #harvard #business #school


#writing business plan

#

If you are seeking funding for your business venture, use this section to outline your requirements.

Your funding request should include the following information:

  • Your current funding requirement
  • Any future funding requirements over the next five years
  • How you intend to use the funds you receive: Is the funding request for capital expenditures? Working capital? Debt retirement? Acquisitions? Whatever it is, be sure to list it in this section.
  • Any strategic financial situational plans for the future, such as: a buyout, being acquired, debt repayment plan, or selling your business. These areas are extremely important to a future creditor, since they will directly impact your ability to repay your loan(s).

When you are outlining your funding requirements, include the amount you want now and the amount you want in the future. Also include the time period that each request will cover, the type of funding you would like to have (e.g. equity, debt), and the terms that you would like to have applied.

Once you have completed your funding request, move on to the next part of your plan – Financial Projections .




NC class-size compromise leaves Wake County schools in hard spot in 2018 #wake #county #school #system, #smaller #classes, #school #class #sizes, #school #funding,


#

Schools get reprieve from NC mandate. Next challenge: finding classroom space

“It’s likely to be some combination of creative use of space and perhaps other things,” school board member Bill Fletcher said Tuesday. “The idea of moving a trailer into place within 12 months is not something that’s going to happen in the places where we have the highest concentration of kids. The municipalities won’t permit it.”

State lawmakers lowered maximum class sizes in kindergarten through third grade from 24 students this school year to between 19 and 21 students as part of last year’s budget. School officials around the state said the change removed their flexibility to pay specialists such as art, music, foreign language and physical education teachers out of the state dollars provided for regular classroom teachers.

The House unanimously passed House Bill 13 in February to provide class-size flexibility. After being put on hold for two months, the Senate moved quickly this week to revise the bill to delay the extensive class-size reductions a year.

House Bill 13 was approved by the Senate on Tuesday and now goes back to the House for consideration.

Wake school officials estimated it would cost $26.2 million more to hire 462 additional K-3 teachers without eliminating elementary school art, music and PE. Merrill had included $13 million of the $26.2 million he said was needed into his operating budget for the 2017-18 school year.

On Tuesday, school officials said the revised version of HB 13 would cost Wake $1.8 million more and require 31 additional teachers.

“This is a fairly significant improvement over needing to find $13 million or $26 million,” Fletcher said.

Merrill said that if HB 13 passes, he will lower the increased funding he wants from the Wake County Board of Commissioners from $56.6 million to $45.4 million.

While not in the legislation, Senate Republican leaders have said they’ll look at how to fund teachers in subjects like art, music, drama and PE “to ensure a smooth transition to smaller class sizes.”

If lawmakers follow up on this pledge, Merrill said “that should help mitigate what otherwise would be an expense for us.”

Related stories from The News Observer

Editor s Choice Videos




Business Plan Writers for Funding – Financing #sba #loan #programs


#business plan writers

#

Professional Business Plan Writers For Canadian Entrepreneurs

We help entrepreneurs and existing businesses write business plans to secure financing. Across Canada, our team of professional business consultants will work with you to look at your business idea and offer advice to boost your funding success.

We will steer your business plan so it is thoughtful, thorough and relevant for your business.

Business Plan Lifecycle

Are you beginning your first business venture, or are you already a successful entrepreneur? Our personalized business plans can give you a distinct competitive advantage with lenders and investors. Our customized business plans help:

  • Secure funding
  • Plan for strategic in-house direction
  • Encourage business growth
  • Allocate resources effectively
  • Assist with business acquisition or sale

We write business plans that allow you to reach your business goals.

Problems We Solve

For most entrepreneurs, writing a professional business plan is put on the back burner for three main reasons:

  1. Time: A business plan can take months to complete. Writing your own business plan takes you away from growing the business – most entrepreneurs simply don’t have the time.
  2. Expertise: Knowing what to write is the next hurdle. Yes, there are software programs and sample business plans available on the internet, but applying it to YOUR business is difficult.
  3. Content: Financial projections and knowing the elements of the business plan to include and not include are important – but difficult to create.

Experience

Within the team. we have over 50 years of consulting experience. Our practical, down to earth approach is a result of our experience – we’ve worked in the trenches in a variety of roles and industries. We don’t use junior writers, simplified questionnaires or cookie cutter templates.

Understanding your business and your requirements through our business plan process is focused on creating a business plan that works.

Find out how we’re different from other business plan companies. Call us at 1-800-661-9842 toll-free or send us an email to find out more how we can help with your business plan needs.

Client Testimonials

“Top notch plan AND advice, delivered with excellent customer service. Before I contacted Barry, I only had a vision and an unstructured idea. They made my vision a reality with a highly researched and detailed business plan. Their customer service is what separates them from the rest. Their quick follow-ups, honest advice, and willingness to always guide you through the planning process will keep my family and I coming back with all our future ventures.”

CEO, Avante Laser & Aesthetics

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Small Business Loans and Small Business Funding #business #yellow #pages


#small business lending

#

OnDeck

Small Business Loans

Financing is critical to the health of small businesses. In order to grow, businesses need loans to purchase inventory, maintain cash flow, hire new employees, purchase equipment and invest in their business. Yet, a landmark study by Harvard Business School shows that bank loan availability to small businesses plummeted during the recession and has stayed at these low levels since.

Interested in financing for your business? Get a true loan decision in minutes with OnDeck.

A New Approach to Business Loans from OnDeck

Launched in 2007, OnDeck uses technology to make the small business borrowing process fast and easy. We deliver loan decisions in minutes and funding in as fast as one business day. By focusing on the health of your business rather than your personal credit score, OnDeck has higher approval rates than most banks.

  • Over $2 billion delivered to small businesses nationwide in approximately 700 industries
  • A+ Better Business Bureau rating, backed by Google Ventures, featured in the Wall Street Journal
  • Loan amounts from $5,000 to $250,000

Apply Now

Frequently Asked Questions

Q: Why is it so hard for small businesses to get financing?

A: Small business lending has been slow to recover since the recession. Traditional lenders lack an efficient system to underwrite small businesses, so many tend to defer to the personal credit score of the business owner as a measure of creditworthiness. It’s also cost prohibitive to underwrite smaller sized loans – it’s more profitable to make a $3,000,000 loan than it is a $30,000 loan.

Q: How come OnDeck can approve so many more businesses?

A: We use our OnDeck Score™ technology to make financing decisions based on the health of the business, rather than a personal credit score. We look at a variety of data points when analyzing businesses, and are able to deliver decisions in minutes and funding in as fast as 1 business day.

Q: What are the requirements for working with OnDeck?

A: Our minimum requirements are less stringent than traditional lenders. Although we look at a variety of data points when analyzing businesses, we require at least $100,000 in annual revenue and one year in business.

Q: How is an OnDeck loan different from a traditional bank loan?

A: OnDeck is different than traditional lenders in a several ways:

  • Our loans are between $5,000 – $250,000, with terms between 3 to 24 months. Bank loans typically have larger sizes – up to $5 million – and can have terms anywhere from 2 – 25 years.
  • OnDeck makes funding decisions minutes and can deliver funding in as fast as 1 business day, while banks can take up to 2 weeks to review the application and an addition 30 – 60 days to fund the loan if approved.
  • OnDeck also deducts a fixed, daily payment directly from your business bank account each business day, which helps to ensure minimal impact to your cash flow. Traditionally, banks collect payments on a monthly or quarterly basis.



Thank You for Your Service – 4 Business Funding Programs for Veterans #unique #business #ideas


#business loans for veterans

#

Thank You for Your Service – 4 Business Funding Programs for Veterans

September 24, 2014

There are more than 2.4 million businesses operated by veterans nationwide, according to the SBA 2012 Veterans Report. Despite this growing trend towards entrepreneurship, funding options that specifically benefit veterans are difficult to find. Here are four unique funding programs if you are a veteran starting or expanding your business.

1. Self-employment grants for service-disabled veterans. Service-disabled veterans can connect with a self-employment program offered through the Veterans Administration.

Participants are required to submit a feasible and complete business plan for any funding considerations. As part of the process, veterans are assigned to either Category I or Category II. Those categories determine the level of self-employment funding may be available.

Veterans designated Category I have the most serve service-connected disabilities and self-employment is considered a viable option. Category II is designated for veterans with serious employment challenges but not considered severe.

Depending on the category, veterans can obtain a grant to fund purchase of equipment, inventory, supplies, training, licensing fees and marketing. Veterans interested in the program can contact their local VA office where a counselor will help them qualify for the self-employment program. Funds allocated for start-up enterprises are grants that do not have to repaid.

2. Angel investment group supporting veterans. Hivers and Strivers is an angel investment group funding early-stage investments in start-up companies founded and run by graduates of the U.S. military academies. The company generally invests $250,000 to $1 million in a single round.

A company seeking larger rounds can actively look to other investor groups in the Hivers and Strivers network for additional funds. Their goal is to support veteran entrepreneurs through a successful exit with a return 10 times the initial investment. Veterans can learn more about Hivers and Strivers and complete an application available on the front page of the company website.

3.Venture capital fund serving veterans. The Veterans Opportunity Fund (VOF) is the first venture capital fund formed to invest in businesses that are started, owned and/or managed by veterans of the United States armed forces. The investments range up to $3 million.

The fund focuses on companies based on the East Coast. The industries of interest include technology, healthcare, business services,and specialty manufacturing. The stage of interest is at early revenue or after a product or service can be evaluated.

Veterans interested in pursuing an opportunity with VOF can submit a business plan directly through the company website.

4. Online lending platform for veterans. Street Shares is an online lending platform designed to connect investors and small business owners to support veterans starting or expanding their business. Veteran-owned businesses can apply online in about 10 minutes.

The online auction periods have ranged from five to 30 days. Business owners pitch directly to lenders for loans of $5,000 to $50,000 with one, three, of five-year terms. Accredited investors can fund any portion of up to 90 percent of the requested loan amount with bids as low as $25 per business. StreetShares takes the first 10 percent. Co-founder Mark Rockefeller describes the platform as Shark Tank meets eBay.

While each of these programs follows standard due diligence in their funding, their social-driven goals include increasing the number of veteran-owned businesses nationwide.




Business funding #business #analytics


#business funding

#

Knowledge Base

Foundations typically fund nonprofit public charities, as defined in Section 501(c)(3) of the Internal Revenue Code. These are organizations whose purposes are charitable, educational, scientific, religious, literary, or cultural. The small number of foundations that give to individuals typically do so to help pay for educational expenses or support artistic or research projects.

By and large, foundations do not make grants to for-profit enterprises. If you are seeking funds to start a for-profit business, please consult the resources below for more information. You might also consult the business section of your local public library, or economic development agencies in your city, county, or state.

Social enterprises

If your for-profit business has a strong social mission, it might be considered a social enterprise. Social enterprise, also known as social entrepreneurship, broadly encompasses ventures of nonprofits, civic-minded individuals, and for-profit businesses that can yield both financial and social returns.

A small but growing number of foundations may provide program-related investments (PRIs) to social enterprises as well as nonprofits. PRIs are low-interest loans that a foundation can give to organizations or projects that match the funder’s giving interests.

See also our related Knowledge Base articles:

Selected resources below may also help.




Grants, funding and assistance – Business Tasmania #grants #for #small #businesses


#business grants

#

business.tas. gov.au

Last updated on August 31, 2016

Grants and other funding programs may be available from the Australian, State and Territory governments and, in some cases, from local councils.

Generally there are few grants available for starting a business, and those available are competitive or only available for specific circumstances.

There is, however, a range of assistance including grants available for business activities such as expanding your business, innovation, exporting, and research and development.

Below is a listing of grants and funding sources put together by Business Tasmania. We make every effort to provide accurate and up-to-date information. We have also provided links to sites that give a comprehensive list of government grants.

Please Note
The Department of State Growth has received a number of reports of private operators approaching businesses selling information about government business grants. This information is publically and freely available on this page and the Federal Governments website www.business.gov.au

No Australian government, federal, state or local, charges an online fee for any information on grants and funding.

Flood Recovery Assistance

The State and Federal Governments are providing assistance for businesses and communities affected by the June and July floods. Details are available on the TasAlert website .

General




Business funding options #turnkey #business


#business financing options

#

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This page is not suitable for viewing using your current internet browser. Please update your browser to a more up to date version before proceeding. See how to update your browser .

Business finance options

Finance from your bank

Banks offer a range of financial support options for your business. They can also provide advice on the most suitable route for you. The options presented to you may include:

A business loan over a fixed term

With this option, money is borrowed over a set period of time and repaid with interest in agreed instalments usually monthly. A business loan can be used for working capital or to support your medium and long-term plans.

Business overdrafts and credit cards

Businesses may use an overdraft or credit cards to help them when cash levels are low or if the business is more seasonal. They can work if you need an extra source of money to dip into during quieter times, so that you can keep trading until the cash starts coming in again. Barclaycard Business credit cards are another way of providing you with short term credit. They are also a great way to manage and regulate staff spending.

This allows businesses to borrow against the value of their unpaid invoices. Using a cashflow finance solution means that within 24 hours 1 of you issuing an approved invoice, you could receive up to 85% of its face value. You then receive the remainder of the invoice value (minus charges for the invoice financing service) when the invoice is paid by your customer.

Borrowing against assets

You can borrow money against a range of your company s assets, including property, inventory or equipment. The amount you could borrow will depend on the value of the asset, but this can be an effective way of raising cash for working capital or investment.

If you re looking to buy or remortgage business premises, you might consider talking to a Commercial Finance Broker or a Barclays Business Manager they will provide independent advice, take you through the options available to you and deal directly with the lender on your behalf.

The Enterprise Finance Guarantee (EFG) scheme

If you ve got a strong business idea or project, but are finding it difficult to get a loan agreed because of insufficient security to meet a lender s normal criteria, the Enterprise Finance Guarantee scheme may help. The scheme is available to those who meet the criteria specified by the British Business Bank .

Business grants

A range of government grants are available under the Government Solutions for Business scheme, administered by a number of different bodies. Most are linked to specific activities, such as research and development. Government grants don t have to be repaid, so they won t be a drain on cashflow, but you will have to meet strict qualification criteria.

Investment

Offering a share of your company (or equity) for an investment by a third party could be an effective way to raise cash. In contrast to a business loan from a bank, you may not have to make any repayments on the money invested. However, so-called angel investors (wealthy individuals who back businesses with their own money) and venture capitalists can strike a hard bargain in terms of the share of your company they take in return for their investment. This kind of investment is often used for financing growth plans.

Family and friends

This is an option that a lot of people will consider, but it s important to weigh up the pros and cons.

  • An investment from family or friends can mean more flexibility if they know you personally they may be more lenient with repayments and allow you to delay until your business is making a profit
  • You may be able to run a loan from friends and family alongside a business loan from your bank, as long as you know you can repay all of the money you borrow in line with the agreements that have been set in place
  • Borrowing money or asking them to invest in your business is a serious commitment on both sides everyone should be clear on the terms
  • Any ambiguities could risk damaging your relationship in the future, so it s advisable to draw up a formal contract with help from an independent solicitor

If you have a Barclays Business account we can arrange a free session with a local solicitor for you talk to your Barclays Business Manager to make the arrangements.

The article is intended for information purposes only. You should always seek independent advice before making changes to your business.




Thank You for Your Service – 4 Business Funding Programs for Veterans #sba #loans


#business loans for veterans

#

Thank You for Your Service – 4 Business Funding Programs for Veterans

September 24, 2014

There are more than 2.4 million businesses operated by veterans nationwide, according to the SBA 2012 Veterans Report. Despite this growing trend towards entrepreneurship, funding options that specifically benefit veterans are difficult to find. Here are four unique funding programs if you are a veteran starting or expanding your business.

1. Self-employment grants for service-disabled veterans. Service-disabled veterans can connect with a self-employment program offered through the Veterans Administration.

Participants are required to submit a feasible and complete business plan for any funding considerations. As part of the process, veterans are assigned to either Category I or Category II. Those categories determine the level of self-employment funding may be available.

Veterans designated Category I have the most serve service-connected disabilities and self-employment is considered a viable option. Category II is designated for veterans with serious employment challenges but not considered severe.

Depending on the category, veterans can obtain a grant to fund purchase of equipment, inventory, supplies, training, licensing fees and marketing. Veterans interested in the program can contact their local VA office where a counselor will help them qualify for the self-employment program. Funds allocated for start-up enterprises are grants that do not have to repaid.

2. Angel investment group supporting veterans. Hivers and Strivers is an angel investment group funding early-stage investments in start-up companies founded and run by graduates of the U.S. military academies. The company generally invests $250,000 to $1 million in a single round.

A company seeking larger rounds can actively look to other investor groups in the Hivers and Strivers network for additional funds. Their goal is to support veteran entrepreneurs through a successful exit with a return 10 times the initial investment. Veterans can learn more about Hivers and Strivers and complete an application available on the front page of the company website.

3.Venture capital fund serving veterans. The Veterans Opportunity Fund (VOF) is the first venture capital fund formed to invest in businesses that are started, owned and/or managed by veterans of the United States armed forces. The investments range up to $3 million.

The fund focuses on companies based on the East Coast. The industries of interest include technology, healthcare, business services,and specialty manufacturing. The stage of interest is at early revenue or after a product or service can be evaluated.

Veterans interested in pursuing an opportunity with VOF can submit a business plan directly through the company website.

4. Online lending platform for veterans. Street Shares is an online lending platform designed to connect investors and small business owners to support veterans starting or expanding their business. Veteran-owned businesses can apply online in about 10 minutes.

The online auction periods have ranged from five to 30 days. Business owners pitch directly to lenders for loans of $5,000 to $50,000 with one, three, of five-year terms. Accredited investors can fund any portion of up to 90 percent of the requested loan amount with bids as low as $25 per business. StreetShares takes the first 10 percent. Co-founder Mark Rockefeller describes the platform as Shark Tank meets eBay.

While each of these programs follows standard due diligence in their funding, their social-driven goals include increasing the number of veteran-owned businesses nationwide.




Grants, funding and assistance – Business Tasmania #mobile #business #ideas


#business grants

#

business.tas. gov.au

Last updated on August 31, 2016

Grants and other funding programs may be available from the Australian, State and Territory governments and, in some cases, from local councils.

Generally there are few grants available for starting a business, and those available are competitive or only available for specific circumstances.

There is, however, a range of assistance including grants available for business activities such as expanding your business, innovation, exporting, and research and development.

Below is a listing of grants and funding sources put together by Business Tasmania. We make every effort to provide accurate and up-to-date information. We have also provided links to sites that give a comprehensive list of government grants.

Please Note
The Department of State Growth has received a number of reports of private operators approaching businesses selling information about government business grants. This information is publically and freely available on this page and the Federal Governments website www.business.gov.au

No Australian government, federal, state or local, charges an online fee for any information on grants and funding.

Flood Recovery Assistance

The State and Federal Governments are providing assistance for businesses and communities affected by the June and July floods. Details are available on the TasAlert website .

General




Business funding #business #management


#business funding

#

Knowledge Base

Foundations typically fund nonprofit public charities, as defined in Section 501(c)(3) of the Internal Revenue Code. These are organizations whose purposes are charitable, educational, scientific, religious, literary, or cultural. The small number of foundations that give to individuals typically do so to help pay for educational expenses or support artistic or research projects.

By and large, foundations do not make grants to for-profit enterprises. If you are seeking funds to start a for-profit business, please consult the resources below for more information. You might also consult the business section of your local public library, or economic development agencies in your city, county, or state.

Social enterprises

If your for-profit business has a strong social mission, it might be considered a social enterprise. Social enterprise, also known as social entrepreneurship, broadly encompasses ventures of nonprofits, civic-minded individuals, and for-profit businesses that can yield both financial and social returns.

A small but growing number of foundations may provide program-related investments (PRIs) to social enterprises as well as nonprofits. PRIs are low-interest loans that a foundation can give to organizations or projects that match the funder’s giving interests.

See also our related Knowledge Base articles:

Selected resources below may also help.




Company Partners – find business angels, business angel investment, business partner, business funding and mentors #business #cards #printing


#business partners

#

Business Partners, Business Angels and great business opportunities

If you are looking for a Business Partner. Business Angel investment or a Mentor this is the place to come.

You can access our sophisticated database of business partners, Investors opportunities directly through our secure system.

  • Find funding from our Business Angels
  • Contact others to join you as a Business Partner
  • Great business opportunities for Investors

Register now to get started

Need a Business Partner to bring additional experience, or a Business Angel with investment available? Or a Mentor to bring guidance and boost your management team.

Join now and contact directly our Business Partners. Business Angel Investors and Mentors .
With one membership you can do all three:

  • Find a Business Angel Investor
  • Find a Business Partner
  • Find a Mentor / Non Exec

Register now to get started

Business Angel Investors are special in Company Partners. You get FREE membership and easy to use facilities that help you find that golden business opportunity. You can select your own criteria and choose either with or without hands-on involvement.

  • Quick secure on-line search for opportunities
  • Automatch for new businesses for investment
  • Easy to use, simple to contact directly
  • 1000s of rewarding equity investments

Register now to get started

Dynamic businesses are looking for Mentors and NonExec Directors to boost their management teams and to help them grow.

  • Use your skills experience
  • Opportunity for pay or equity
  • Build a portfolio of interests

Register now to get started

See examples of members

Who uses Company Partners

Start-ups looking for a like minded Business Partner or Business Angel investment with contacts and experience, growing companies looking for expansion funding, Mentors with years of experience and Investors seeking an exciting and rewarding business opportunity.

Find out what the press and our clients are saying.

Successfully found an Investor through your site and cannot thank you enough!

Andrew – Stockings Romance

I have now found a business partner, the response was amazing.

Karen – Little People By The Sea

Our property development project has now got our Angel Investor thanks to your web site.

Margaret – Suffolk Development




More Than 15 Small Business Funding Resources for You #business #logo #design


#small business funding

#

More Than 15 Small Business Funding Resources for You

Most small business owners can identify with the challenges of getting financing for their business or funding for a new product. There’s no short, easy road to funding, most of the time, but these small business funding resources can help.

Kabbage

Kabbage has to be the most unique small business funding source found recently. They have created a powerful platform that, in my understanding, is creating a real-life look at how your business is doing to help you grow it.

They don’t only look at credit scores, as so many traditional lenders do. They look at things like your Paypal, Ebay, Amazon, or Intuit QuickBooks account to figure out if you qualify and how much of a credit line you can receive. It is impressive.

Kiva Zip

Another innovative program and approach is found with Kiva, the microfinance platform. Etsy wrote about it. There is official information about zero interest (0%) with the Kiva Zip program (in Alpha, not even in Beta), and success stories on the main page.

The Lending Club

The Lending Club is a name that many consumers and business owners have heard before, but it is a site worth checking. Their peer-to-peer approach has taken the banking world by storm and it looks likely to continue in the business loan sector.

SmartBiz SBA Loans

SmartBiz SBA Loans ($5,000 $150,000) is a small business lender, but one that promises a much better process than traditional banks, on SBA type loans. If you’ve ever gone through the SBA formal process, you know that it is rather comprehensive.

Funding Circle

Funding Circle has a large UK presence as well as a US site. It is an online marketplace for small business loans. The site explains you can find out in approximately one week if you qualify for a loan.

MultiFunding

Ami Kassar CEO of MultiFunding has a useful website on how the different funding options work and his consulting brokerage serves as a matchmaker for businesses that need more than just the “best rate” and need help with more complicated loan options.

OnDeck and BoeFly

Here are a couple of other small business loan providers that are promising an easier process, lower rates, and other options that might make their loans more appealing to you. OnDeck and BoeFly .

QuickBooks Financing

QuickBooks Financing has a site dedicated to helping you find the right financing. It is a matching engine that allows their selected lenders to provide you with the right loan. I’m presuming it also uses some of your QuickBooks data, but I’m not certain of that as I did not submit data on the form.

Wells Fargo and SBA Bank of America

There is no shortage of traditional lenders where you can walk into a branch and talk to someone about an SBA loan, so I would be remiss for not including at least a couple that I believe in. The Wells Fargo small business loan page offers a range of good information. And the SBA Loan page at Bank of America may help you sort different SBA options.

Factoring

If you have ever considered factoring, where you get financing based on your receivables, then I recommend this guide from RTS Financial, Your Complete Guide To Factoring.

PayPal Working Capital

PayPal Working Capital lets you pay your loan back as you get paid. A factoring method, of sorts.

Chase Mission Main Street Grants

One of my favorite places to look for less traditional financing options is the Small Business Events here on Small Business Trends. I used it to help compile this list, so I know there are some great funding options, often awards or contests, worth considering. This Chase Mission Main Street Grants is a terrific example. There is new information on the 2014 program.

Government Grants

You may need help to understand if a Government grant is worth pursuing. There are some large scale federal programs that pass funds through to universities and other nonprofit type institutions where you can sometimes find just the right help for your company.

City and State Level Resources

As I mentioned above, there are many city and state level resources, but too many to explain. If you search for your city or state combined with economic development, small business funding, and other related terms, you may find a niche program that serves your needs.

Here is a page from the Nevada Small Business Development Center where you’ll get an idea of what you find at the state level. There are community-focused programs, as an example of a city program, for the Philadelphia area, Loan Programs City of Philadelphia Business Services Center. Scroll down through the long list to find the smaller loan amounts.

Opportunity Finance Network

Opportunity Finance Network (part of Goldman Sachs 10,000 small businesses initiative) is a big initiative sponsored by Goldman Sachs. The goal is to help educate business owners on a wide range of topics, to give you the best chance for success, in addition to access to capital. You must have an established business, with revenues.

There are plenty of sites that offer business loans too many to try and list. There are resources at the State and City level, depending on where you live, that can help you financially. There are also lists of USA State websites that offer resources or details around funding and details available on what it takes to qualify for a small business loan as well as sources of start-up funding .

We welcome you to list resources in the comments. We want to see the path to funding get easier, more transparent, and understandable for small business as a whole and we hope these resources do that for you.

If you have discovered a great resource that can help a small business owner find financing or a grant, please share it below.

TJ McCue served as Technology/Product Review Editor for Small Business Trends for many years and now contributes on 3D technologies. He is currently traveling the USA on the 3DRV roadtrip and writes at the Refine Digital blog.

Latest Trending Business News




Small Business Loans and Small Business Funding #financing #a #small #business


#small business lending

#

OnDeck

Small Business Loans

Financing is critical to the health of small businesses. In order to grow, businesses need loans to purchase inventory, maintain cash flow, hire new employees, purchase equipment and invest in their business. Yet, a landmark study by Harvard Business School shows that bank loan availability to small businesses plummeted during the recession and has stayed at these low levels since.

Interested in financing for your business? Get a true loan decision in minutes with OnDeck.

A New Approach to Business Loans from OnDeck

Launched in 2007, OnDeck uses technology to make the small business borrowing process fast and easy. We deliver loan decisions in minutes and funding in as fast as one business day. By focusing on the health of your business rather than your personal credit score, OnDeck has higher approval rates than most banks.

  • Over $2 billion delivered to small businesses nationwide in approximately 700 industries
  • A+ Better Business Bureau rating, backed by Google Ventures, featured in the Wall Street Journal
  • Loan amounts from $5,000 to $250,000

Apply Now

Frequently Asked Questions

Q: Why is it so hard for small businesses to get financing?

A: Small business lending has been slow to recover since the recession. Traditional lenders lack an efficient system to underwrite small businesses, so many tend to defer to the personal credit score of the business owner as a measure of creditworthiness. It’s also cost prohibitive to underwrite smaller sized loans – it’s more profitable to make a $3,000,000 loan than it is a $30,000 loan.

Q: How come OnDeck can approve so many more businesses?

A: We use our OnDeck Score™ technology to make financing decisions based on the health of the business, rather than a personal credit score. We look at a variety of data points when analyzing businesses, and are able to deliver decisions in minutes and funding in as fast as 1 business day.

Q: What are the requirements for working with OnDeck?

A: Our minimum requirements are less stringent than traditional lenders. Although we look at a variety of data points when analyzing businesses, we require at least $100,000 in annual revenue and one year in business.

Q: How is an OnDeck loan different from a traditional bank loan?

A: OnDeck is different than traditional lenders in a several ways:

  • Our loans are between $5,000 – $250,000, with terms between 3 to 24 months. Bank loans typically have larger sizes – up to $5 million – and can have terms anywhere from 2 – 25 years.
  • OnDeck makes funding decisions minutes and can deliver funding in as fast as 1 business day, while banks can take up to 2 weeks to review the application and an addition 30 – 60 days to fund the loan if approved.
  • OnDeck also deducts a fixed, daily payment directly from your business bank account each business day, which helps to ensure minimal impact to your cash flow. Traditionally, banks collect payments on a monthly or quarterly basis.



Small Business Investors – Funding – Finance for UK Businesses #business #colleges


#small business investors

#

Funding for Small Businesses

Where does someone look for funding if they are a small business? Business loans are only possible if the company has been in business for some time, but most young businesses are looking to expand and so they need other options to raise business capital.

Government grants are another possibility. However, the process of obtaining funding this way is notoriously difficult. The UK government has claimed that this is a sort to test to see how much they need the funding, but the reality is that it is regulated by EU legislation. On the other hand, the EU itself does not fund anything beyond public sector ventures.

There are also sites that offer local grants to small businesses around the UK, including local councils and large companies such as BT and O2, but the latter are usually competitions. Sites such as Business Zone UK list various business grants and awards available to UK entrepreneurs, but the number of proposals and funding amounts are usually quite limited.

More common options for business funding are Angel Investors and Venture Capitalists, both of which will invest significantly higher amounts in your start-up or small business. However, both Angel Investors and Venture Capitalists will want some control of your business and guarantees of a good return on investment in exchange for their money. But at the same time, they offer the experience which could be that factor which allows your business to succeed in the first place.

Remember, the investor is looking to make money just as you are, and so it will be a venture that both sides enter together as a partnership. This means that anyone who invests in a small business will do everything possible to ensure that they are making a sound investment. They will check your business plans thoroughly, and make sure that they themselves believe in your business idea and future plans.

Finding funding for your small business or start-up can take a long time, but the Angel Investment Network can help you make vital contacts with experienced angel investors who are looking to make an investment.

Recent Proposals

500,000 Req 10,000 Min

Live life, free. VolunteerAnything.com is a technical solution to Everyday Poverty and with investment we will change the world.

150,000 Req 80,000 Min

A****** is an innovative menu display touch screen project that supports menu allergen display at food serving premises in order to comply with FIC law.

100,000 Req 5,000 Min

Our team (experienced) will sell all products on Installments (Leasing) to enhance the buying power of Public as well as will earn 36% on every sale in one year.

20,000 Req 10,000 Min

Got contacts from my last position so ready to hit the ground running.

200,000 Req 25,000 Min

I am acquiring an established, proven business who’s existing owner is retiring. I need short-term cash (3 years) to restructure the business, generating significant returns.

3,000,000 Req 100,000 Min

Algaesys Ltd is a process contractor delivering our new proven algae-based treatment for small municipal wastewater. The process is driven by the sun, not electricity.




Business Plan Writers for Funding – Financing #business #advisor


#business plan writers

#

Professional Business Plan Writers For Canadian Entrepreneurs

We help entrepreneurs and existing businesses write business plans to secure financing. Across Canada, our team of professional business consultants will work with you to look at your business idea and offer advice to boost your funding success.

We will steer your business plan so it is thoughtful, thorough and relevant for your business.

Business Plan Lifecycle

Are you beginning your first business venture, or are you already a successful entrepreneur? Our personalized business plans can give you a distinct competitive advantage with lenders and investors. Our customized business plans help:

  • Secure funding
  • Plan for strategic in-house direction
  • Encourage business growth
  • Allocate resources effectively
  • Assist with business acquisition or sale

We write business plans that allow you to reach your business goals.

Problems We Solve

For most entrepreneurs, writing a professional business plan is put on the back burner for three main reasons:

  1. Time: A business plan can take months to complete. Writing your own business plan takes you away from growing the business – most entrepreneurs simply don’t have the time.
  2. Expertise: Knowing what to write is the next hurdle. Yes, there are software programs and sample business plans available on the internet, but applying it to YOUR business is difficult.
  3. Content: Financial projections and knowing the elements of the business plan to include and not include are important – but difficult to create.

Experience

Within the team. we have over 50 years of consulting experience. Our practical, down to earth approach is a result of our experience – we’ve worked in the trenches in a variety of roles and industries. We don’t use junior writers, simplified questionnaires or cookie cutter templates.

Understanding your business and your requirements through our business plan process is focused on creating a business plan that works.

Find out how we’re different from other business plan companies. Call us at 1-800-661-9842 toll-free or send us an email to find out more how we can help with your business plan needs.

Client Testimonials

“Top notch plan AND advice, delivered with excellent customer service. Before I contacted Barry, I only had a vision and an unstructured idea. They made my vision a reality with a highly researched and detailed business plan. Their customer service is what separates them from the rest. Their quick follow-ups, honest advice, and willingness to always guide you through the planning process will keep my family and I coming back with all our future ventures.”

CEO, Avante Laser & Aesthetics

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Grants, funding and assistance – Business Tasmania #businesses #for #sale


#business grants

#

business.tas. gov.au

Last updated on August 31, 2016

Grants and other funding programs may be available from the Australian, State and Territory governments and, in some cases, from local councils.

Generally there are few grants available for starting a business, and those available are competitive or only available for specific circumstances.

There is, however, a range of assistance including grants available for business activities such as expanding your business, innovation, exporting, and research and development.

Below is a listing of grants and funding sources put together by Business Tasmania. We make every effort to provide accurate and up-to-date information. We have also provided links to sites that give a comprehensive list of government grants.

Please Note
The Department of State Growth has received a number of reports of private operators approaching businesses selling information about government business grants. This information is publically and freely available on this page and the Federal Governments website www.business.gov.au

No Australian government, federal, state or local, charges an online fee for any information on grants and funding.

Flood Recovery Assistance

The State and Federal Governments are providing assistance for businesses and communities affected by the June and July floods. Details are available on the TasAlert website .

General




Funding Request #business #awards


#writing business plan

#

If you are seeking funding for your business venture, use this section to outline your requirements.

Your funding request should include the following information:

  • Your current funding requirement
  • Any future funding requirements over the next five years
  • How you intend to use the funds you receive: Is the funding request for capital expenditures? Working capital? Debt retirement? Acquisitions? Whatever it is, be sure to list it in this section.
  • Any strategic financial situational plans for the future, such as: a buyout, being acquired, debt repayment plan, or selling your business. These areas are extremely important to a future creditor, since they will directly impact your ability to repay your loan(s).

When you are outlining your funding requirements, include the amount you want now and the amount you want in the future. Also include the time period that each request will cover, the type of funding you would like to have (e.g. equity, debt), and the terms that you would like to have applied.

Once you have completed your funding request, move on to the next part of your plan – Financial Projections .




Small Business Loans and Small Business Funding #local #businesses


#small business lending

#

OnDeck

Small Business Loans

Financing is critical to the health of small businesses. In order to grow, businesses need loans to purchase inventory, maintain cash flow, hire new employees, purchase equipment and invest in their business. Yet, a landmark study by Harvard Business School shows that bank loan availability to small businesses plummeted during the recession and has stayed at these low levels since.

Interested in financing for your business? Get a true loan decision in minutes with OnDeck.

A New Approach to Business Loans from OnDeck

Launched in 2007, OnDeck uses technology to make the small business borrowing process fast and easy. We deliver loan decisions in minutes and funding in as fast as one business day. By focusing on the health of your business rather than your personal credit score, OnDeck has higher approval rates than most banks.

  • Over $2 billion delivered to small businesses nationwide in approximately 700 industries
  • A+ Better Business Bureau rating, backed by Google Ventures, featured in the Wall Street Journal
  • Loan amounts from $5,000 to $250,000

Apply Now

Frequently Asked Questions

Q: Why is it so hard for small businesses to get financing?

A: Small business lending has been slow to recover since the recession. Traditional lenders lack an efficient system to underwrite small businesses, so many tend to defer to the personal credit score of the business owner as a measure of creditworthiness. It’s also cost prohibitive to underwrite smaller sized loans – it’s more profitable to make a $3,000,000 loan than it is a $30,000 loan.

Q: How come OnDeck can approve so many more businesses?

A: We use our OnDeck Score™ technology to make financing decisions based on the health of the business, rather than a personal credit score. We look at a variety of data points when analyzing businesses, and are able to deliver decisions in minutes and funding in as fast as 1 business day.

Q: What are the requirements for working with OnDeck?

A: Our minimum requirements are less stringent than traditional lenders. Although we look at a variety of data points when analyzing businesses, we require at least $100,000 in annual revenue and one year in business.

Q: How is an OnDeck loan different from a traditional bank loan?

A: OnDeck is different than traditional lenders in a several ways:

  • Our loans are between $5,000 – $250,000, with terms between 3 to 24 months. Bank loans typically have larger sizes – up to $5 million – and can have terms anywhere from 2 – 25 years.
  • OnDeck makes funding decisions minutes and can deliver funding in as fast as 1 business day, while banks can take up to 2 weeks to review the application and an addition 30 – 60 days to fund the loan if approved.
  • OnDeck also deducts a fixed, daily payment directly from your business bank account each business day, which helps to ensure minimal impact to your cash flow. Traditionally, banks collect payments on a monthly or quarterly basis.