Successfully reported this slideshow.
Your SlideShare is downloading. ×

Scaling Up Business: Finding the Capital You Need to Survive the Crisis with Anthony Price

Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Upcoming SlideShare
Flow PPT
Flow PPT
Loading in …3
×

Check these out next

1 of 41 Ad

Scaling Up Business: Finding the Capital You Need to Survive the Crisis with Anthony Price

Download to read offline

Anthony Price is CEO and Founder of LootScout:

Our mission is to eliminate small-business failure by creating must-have products, which leads to 100,000 jobs with an economic impact of $1 billion. Our products help people succeed. What's your dream? Our vision is a world where failure has been disrupted and people are free to pursue whatever they want to make the world a better place. Failure is lurking for entrepreneurs, small-business owners, and everyone. But you should never fear trying something new, You must be prepare, train, build, practice, learn. You can do it. Learn more: http://bit.ly/BNTloot

These slides cover:
- The Paycheck Protection Program (PPP)
- SBA Economic Injury Disaster Assistance (EIDA) Loans
- State Programs
- Grant Opportunities
- How to Approach Investors during this uncertain time
- Investment Crowdfunding
- How to position your business beyond survival
- Futuristic tips to grow your business and serve customers

Visit BNT's website for awesome startup videos, upcoming events, opportunities and much more: https://BostonNewTechnology.com

Anthony Price is CEO and Founder of LootScout:

Our mission is to eliminate small-business failure by creating must-have products, which leads to 100,000 jobs with an economic impact of $1 billion. Our products help people succeed. What's your dream? Our vision is a world where failure has been disrupted and people are free to pursue whatever they want to make the world a better place. Failure is lurking for entrepreneurs, small-business owners, and everyone. But you should never fear trying something new, You must be prepare, train, build, practice, learn. You can do it. Learn more: http://bit.ly/BNTloot

These slides cover:
- The Paycheck Protection Program (PPP)
- SBA Economic Injury Disaster Assistance (EIDA) Loans
- State Programs
- Grant Opportunities
- How to Approach Investors during this uncertain time
- Investment Crowdfunding
- How to position your business beyond survival
- Futuristic tips to grow your business and serve customers

Visit BNT's website for awesome startup videos, upcoming events, opportunities and much more: https://BostonNewTechnology.com

Advertisement
Advertisement

More Related Content

Slideshows for you (20)

Similar to Scaling Up Business: Finding the Capital You Need to Survive the Crisis with Anthony Price (20)

Advertisement

Recently uploaded (20)

Scaling Up Business: Finding the Capital You Need to Survive the Crisis with Anthony Price

  1. 1. Welcome: About Me
  2. 2. Rule #1: Create value. 
 When value exceed price, customers buy.
  3. 3. Purchase at LootScout.com
  4. 4. Agenda 1. Federal government funds: PPP & SBA EIDL 2. State Programs/Grants 3. Investors/Crowdfunding 4. Position Your Business for Survival 5. The Future
  5. 5. 1. CARES Act: Federal Government Programs.
  6. 6. Information is changing daily
  7. 7. CARES Act is $2.2 Trillion
  8. 8. SBA Economic Injury Disaster Assistance (EIDA) Loan • Up to $2,000,000 • 3.75% interest, for-profit business • 2.75% interest, nonprofit • Term up to 30 years • Choose between this product and Paycheck Protection Program (PPP) • $10,000 emergency grant available • Apply directly with the SBA
  9. 9. SBA Economic Injury Disaster Assistance (EIDA) Loan
  10. 10. SBA Lenders - Payroll Protection Program (PPP) • Apply April 3rd, small businesses and sole proprietorships can apply. • Apply April 10th, independent contractors and self-employed individuals. • Apply as quickly as you can because there is a funding cap. • PPP authorizes up to $349 billion in forgivable loans • Up to $10,000,000 • All loan terms will be the same for everyone. • Loans are forgivable as long as funds are used for the following: • Payroll costs, and most mortgage interest, rent, and utility costs over… • the 8 week period after the loan is made • It is anticipated that not more than 25% of the forgiven amount may… • be for non-payroll costs. • Loan payments will be deferred for 6 months. • NO personal guarantee or collateral required. • 100% guarantee by SBA • Maturity of 2 years
  11. 11. Challenges for venture-backed companies
  12. 12. Who controls venture-back companies?
  13. 13. SBA debt relief programs for existing and new 7 (a) loans
  14. 14. 2. State Program/Grants
  15. 15. Each state has funding opportunities Massachusetts Growth Capital Corporation Economic Development Organizations State Economic Development
  16. 16. Other opportunities
  17. 17. 3. Investors/Crowdfunding
  18. 18. 35 states have stay-at-home orders in place…more than 290 million Americans – about 88% of the country
  19. 19. The Plan: Make the numbers work.
  20. 20. How to approach investors during COVID-19? 1. Look for warm introduction. 3. Ask for advice get money. 5. Be patient. 4. Make sure all documents are ready in Dropbox or Google Drive. 6. Ask for referral 2. Do your homework: research investor.
  21. 21. Crowdfunding
  22. 22. Companies are raising now.
  23. 23. Technology company
  24. 24. Changes may be coming.
  25. 25. 4. Position your business for survival
  26. 26. Pivot for Survival: Make food delivery safe.
  27. 27. Do the numbers work?
  28. 28. Capital Fit
  29. 29. Here are some of the capital options. Credit Cards Home Equity Lines of Credit (HELOC) 401(k) Economic Development Funds Community Development Financial Institutions (CDFIs) Family & Friends Venture Capital 
 & Micro VCs Angel Investors Business Competitions Crowdfunding Banks Loans Mezzanine Financing Business 
 Accelerators Patreon Grants
  30. 30. 5. The Future
  31. 31. Predictions • Pandemic products • Shared Kitchen/Cloud Kitchen • Contactless Delivery to Stay • Reduction of labor & costs • Video conferencing
  32. 32. Predictions • Website orders to increase • Emphasis on data & technology • Working from home
  33. 33. Success stories.
  34. 34. You can and must do it.
  35. 35. "You can only become truly accomplished at something you love. Don’t make money your goal. Instead pursue the things you love doing and then do them so well that people can’t take their eyes off of you.” - Maya Angelou
  36. 36. Be smart & safe!
  37. 37. Rule #1: Create value. When value exceed price, customers and you will buy.
  38. 38. Invest in yourself. Get the Loot & Run will show you how to source capital while building an extraordinary business focused on solving problems for customers. Anthony Price distills wisdom from years of hard-earned experience on the front lines of advising companies. Price is the founder and CEO of LootScout, which counsels businesses on how to find capital, from angel investors, economic development incentives, low-interest loans, grants and venture capital. This book is your field manual to slay the capital dragon and free customers from mediocre businesses. The thought-provoking message is simple: Fix your business model and capital will flow. Price demonstrates his command of capital in a practical manner and weaves his love of music throughout. Each chapter has a unique takeaway that summarizes the topic. Price covers must-read topics such as how to . . . SOURCE PATIENT CAPITAL BUILD A BUSINESS TO LAST FOCUS ON ONE THING DELIGHT CUSTOMERS CHANGE THE RULES AND THE GAME Get the Loot & Run is for doers, believers and business builders. The book’s content is customizable to your needs. The concise, information-dense and insightful content is teeming with solutions for fast-growing businesses. In a matter of minutes, you’ll be ready to source capital and build the best business the world has ever seen. Cover design by Suzanne McKenzie WHETHER YOU’RE A STARTUP OR A BILLION-DOLLAR BUSINESS, RUN ANTHONY PRICE F O U N D E R & C E O O F L O O T S C O U T FIND MONEY FOR YOUR BUSINESS RUNANTHONYPRICEGETTHELOOTAND U.S. $35.00 BUSINESS & ECONOMICS – ENTREPRENEURSHIP
  39. 39. Contact me.

×