FINANCING

NEED HELP APPLYING FOR LOANS AND GRANTS?

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Sooner or later most small businesses need to get a small business loan, whether to get the operating capital for business startup or to finance an expansion. But whether you're approaching a bank or a friend for a business loan, the lender will have the same expectations.You can greatly increase your chances of successfully securing a loan by being prepared to meet those expectations.Put yourself on the other side of the desk for a moment. If someone asked you for a small business loan, you'd want to know exactly why he or she wanted the money and what the chances were that he or she would repay the loan in full and on time.So the key to getting a loan is preparation. First, gather together the documents that will help persuade the lender that a business loan is necessary and that you are a good risk.

LOANS

Small Business Administration ( SBA )

Keep in mind that SBA and BusinessUSA do not provide grants to start or grow a business. Some federal grants do exist, but are only available to certain non-commercial organizations. Read more about grants here.

 

http://business.usa.gov/access-financing

 

*You can also visit the SBA.GOV Website for Information on Minority Loans & Funding

 

 

CROWD FUNDING

What is Crowdfunding?

the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.

 

 

10 Ways to Crowdfund Your Start Up

*Here you will find 10 Crowdfunding Companies and there requirements

 

 

INVESTORS

 

Prosper

Small Business Investors Alliance

Direct Business Lending

 

 

ANGEL INVESTORS

What is a Angel Investor?

Angel investors might be professionals such as doctors or lawyers, former business associates -- or better yet, seasoned entrepreneurs interested in helping out the next generation. What matters is that they are wealthy and willing to invest hundreds of thousands of dollars in your business in return for a piece of the action.

 

Angel Capitol Association

* Here you will find 100's of Investors across america. You will find ones in your region.

Angel

Dream Funded

Funders Club

Seed Invest

 

 

 

GRANTS

What are Grants?

Grants are non-repayable funds disbursed by one party (grant makers), often a government department, corporation, foundation or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business or an individual. In order to receive a grant, some form of "Grant Writing" often referred to as either a proposal or an application is usually required.

 

Score

SBA

Grants.gov

Grantspace.org

Amber Grants: Supporting Women in business.

Opportunity Fund

 

 

 

A business plan 

The business plan show the lender not only why you want a small business loan but what you plan to do with the money.

 

Cash flow projections

What's the first question any lender has? Will you be able to repay the loan. Your business's cash flow projections give lenders concrete financial data that they can use to assess this risk.

 

A statement of your personal financial status 

A list of your personal assets and debts to give the lender a fuller financial picture.

 

CREATE YOUR BUSINESS PLAN

A business plan is an essential roadmap for business success. This living document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues.

 

 

Executive Summary

Your executive summary is a snapshot of your business plan as a whole and touches on your company profile and goals.

 

Company Description

Your company description provides information on what you do, what differentiates your business from others, and the markets your business serves.

 

Market Analysis

Before launching your business, it is essential for you to research your business industry, market and competitors. article Organization & Management Every business is structured differently. Find out the best organization and management structure for your business.

 

Service or Product Line

What do you sell? How does it benefit your customers? What is the product lifecycle? Get tips on how to tell the story about your product or service.

 

Marketing & Sales

How do you plan to market your business? What is your sales strategy? Read more about how to include this information in your plan.

 

Funding Request

If you are seeking funding for your business, find out about the necessary information you should include in your plan.

 

 Financial Projections

If you need funding, providing financial projections to back up your request is critical. Find out what information you need to include in your financial projections for your small business.

 

Appendix

An appendix is optional, but a useful place to include information such as resumes, permits and leases. Find additional information you should include in your appendix.

 

 

NEED MORE INFORMATION?

WANT TO ATTEND A FREE WORKSHOP THAT WILL ASSIST YOU IN OBTAINING GRANTS AND LOANS?

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BEFORE FUNDING YOU WILL NEED
WAYS TO FUND YOUR BUSNESS

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