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Alternative Financing Options for Small Business Owners
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Alternative Financing Options for Small Business Owners

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    Alternative Financing Options for Small Business Owners Alternative Financing Options for Small Business Owners Presentation Transcript

    • Alternative Financing Options for Small Business Owners
      By David Gass
    • Alternative Financing Options
      28 Options to get capital for your business
      Financing or other options
      Some resources
    • Alternative Financing Options
      Trade Credit
      Single largest source of lending in the entire world
      Easiest and most accessible type of financing
    • Alternative Financing Options
      Accounts Receivable Financing
      Factoring
      % of the A/R as a fee
      Need to have a diversified portfolio
      BtBCapital.com
    • Alternative Financing Options
      Cash Advance – Checking Account
      Advance on your deposits
      Paid back daily
      On Deck Capital
    • Alternative Financing Options
      Cash Advance – Merchant Account
      Advance on your charges
      Up to 3 months charges
      Paid back daily
      On Deck Capital
    • Alternative Financing Options
      Advanced Sales
      Collect money up front
      Collect a portion of sales up front
    • Alternative Financing Options
      Angel Investors
      Angel Investor Groups
      Private individual investors
      Earn.com > Business Toolbox > Investor Application
    • Alternative Financing Options
      Economic Development Commissions
      Local organization
      Helps businesses relocate/find solutions
    • Alternative Financing Options
      Invoice Financing
      Advance on an invoice
      Needs to be a company with good credit
    • Alternative Financing Options
      Business Incubators
      Typically technology based companies
      New ventures
      Offers rent, support, advice and capital
    • Alternative Financing Options
      Business Credit Cards
      Business not Personal
      Careful of the balances
      Need good personal credit in most cases
      American Express
    • Alternative Financing Options
      Bank Line of Credit
      Micro Loans – under $25,000
      $50,000 next bench mark
      Rate the bank
      BankRate.com
    • Alternative Financing Options
      Grants
      Federal Government Grants
      Grant Writers
      Grants.gov
    • Alternative Financing Options
      The Four Fs
      Founders
      Friends
      Family
      Fools
      VirginMoneyUS.com
    • Alternative Financing Options
      Hard Money Lenders
      Very High Interest Rates
      Real Estate Specific
    • Alternative Financing Options
      Peer to Peer Lending Networks
      Prosper.com – coming soon
      Others search google
    • Alternative Financing Options
      Inventory Factoring
      Lending money against valuable inventory
      Higher Interest Rates
    • Alternative Financing Options
      Leasing Equipment
      It’s the Use of the Equipment not the Ownership
      Off the balance sheet
    • Alternative Financing Options
      Equipment Sale Lease Back
      If you already own the equipment
      Lease company buys and then leases it back
    • Alternative Financing Options
      Manufacturer Financing
      Vendors offering internal financing
      Buy from them direct and finance with them
    • Alternative Financing Options
      Word of Mouth
      Talk to your CPA, Attorney, Financial Planner
      Who do they know
      It’s the Network
    • Alternative Financing Options
      Retirement Plan Borrowing
      Talk to your financial planner
      401k – up to 50% of the vested value
    • Alternative Financing Options
      SBA Loans
      Microloans 7 (m) Program
      LowDoc Program
      Express Loan Program
      7(a) Loan
    • Alternative Financing Options
      SBA SBIC’s – Small Business Investment Companies
      SBA Sponsored
      Private investment funds
      May or may not have a debt element
    • Alternative Financing Options
      Keep your Current Income Source
      Don’t stop your flow of income
      Keep a source before income trickles in
    • Alternative Financing Options
      Selling Licensing
      Sell intellectual property rights of use
      Let others pay you for what you are trying to sell or the knowledge you have
    • Alternative Financing Options
      Selling Assets
      Sell assets, equipment not in use
      Leverage what you have
    • Alternative Financing Options
      Selling Assets
      Sell assets, equipment not in use
      Leverage what you have