The document provides tips for businesses seeking capital from banks, including preparing an executive summary and financial documentation, demonstrating adequate cash flow, articulating the business model, knowing how loan funds will be used, and ensuring good personal credit. It also outlines general bank requirements, the proper use of capital, cash cycles, the importance of a business plan and cash flow, collateral needs, the role of personal credit, cash injections, the U.S. Small Business Administration loan programs, optimizing chances for loan approval, and timing loan closings.
Smaller and midsized banks can play in the wealth management big leagues, but they have to use some Moneyball type tactics to compete and win against the big budget competition.
Before the financial crisis, a “Field of Dreams” approach worked– if you built it, they would come. An environment of deregulation, falling interest rates, a rising stock market and a seemingly unlimited supply of talent allowed banks the luxury of focusing largely on acquiring clients, almost regardless of cost. Now with compressed margins, skittish investors hoarding cash and a changing competitive landscape, new tactics are required
This is the first of the three-part learning program for a business to understand the importance of equity funding for business growth and financial turnaround. The three parts of the program are:
1. Strategic financial concepts for a promoter of technical background
2. Process of equity funding
3. Factors for success of equity funding deal
This presentation file is on the first part. It covers what is the no-nonsense financial objectives of a business, how it is measured, what are the aspects of it, what are the types of it, how to improve it, why medium businesses stagnate or become NPA, etc.
The presentation also tells a business how to focus more on returns than on profits, what are the factors apart from profit that affect returns. It also tells various types of sources of capital for a business. This presentation creates a background to understand the equity funding process in a business.
Acquisition financing refers to the sources of capital used to fund a merger or acquisition. Common sources include bank loans, lines of credit, private lenders, SBA loans, debt securities, and owner financing. Securing acquisition financing often requires a mix of debt and equity from multiple sources. It is a complex process that requires thorough planning to obtain favorable financing terms.
FAQs About State Farm Agency Opportunitylesley_postle
State Farm does not require prior insurance experience or a 4-year degree to become an agent. They are looking for competencies like integrity, customer focus, and adaptability. Agents can come from various backgrounds. Candidates start getting paid once selected for a 6-9 month paid internship. To begin the process, a recruiter will collect contact information and discuss benefits in detail. State Farm provides significant support to new agents like office equipment, technology, and loans to help manage business expenses and ensure success. The agent retention rate is one of the highest in the industry.
This document summarizes equity financing options for businesses. It discusses that equity financing involves selling stock, membership, or partnership interests in exchange for cash or property. The benefits are that there is no fixed repayment date, funds can be used flexibly, and no assets are tied up as collateral. However, the costs are dilution of ownership and control, as well as having to consider minority owner interests. Equity financing may be better for growth businesses, those with few assets for loans, or those with inconsistent revenues for debt payments.
Startup Mistakes: What to Avoid, and How to SucceedDavid Ehrenberg
Everyone who's been down the startup road has made a mistake or two -- and we don't just mean the sandals-with-socks kind of mistake...
Nope, we're talking real mistakes, some of which can even be fatal. The good news? Many of these same mistakes are also avoidable.
Key topics include:
- Financial forecasting
- IP protection strategy
- Setting appropriate funding objectives
- Issues with resource allocation
- Understanding and monitoring your cash burn
- Getting your best valuation
- Building the essential infrastructure your business needs to scale
- and more...!
The document provides tips for businesses seeking capital from banks, including preparing an executive summary and financial documentation, demonstrating adequate cash flow, articulating the business model, knowing how loan funds will be used, and ensuring good personal credit. It also outlines general bank requirements, the proper use of capital, cash cycles, the importance of a business plan and cash flow, collateral needs, the role of personal credit, cash injections, the U.S. Small Business Administration loan programs, optimizing chances for loan approval, and timing loan closings.
Smaller and midsized banks can play in the wealth management big leagues, but they have to use some Moneyball type tactics to compete and win against the big budget competition.
Before the financial crisis, a “Field of Dreams” approach worked– if you built it, they would come. An environment of deregulation, falling interest rates, a rising stock market and a seemingly unlimited supply of talent allowed banks the luxury of focusing largely on acquiring clients, almost regardless of cost. Now with compressed margins, skittish investors hoarding cash and a changing competitive landscape, new tactics are required
This is the first of the three-part learning program for a business to understand the importance of equity funding for business growth and financial turnaround. The three parts of the program are:
1. Strategic financial concepts for a promoter of technical background
2. Process of equity funding
3. Factors for success of equity funding deal
This presentation file is on the first part. It covers what is the no-nonsense financial objectives of a business, how it is measured, what are the aspects of it, what are the types of it, how to improve it, why medium businesses stagnate or become NPA, etc.
The presentation also tells a business how to focus more on returns than on profits, what are the factors apart from profit that affect returns. It also tells various types of sources of capital for a business. This presentation creates a background to understand the equity funding process in a business.
Acquisition financing refers to the sources of capital used to fund a merger or acquisition. Common sources include bank loans, lines of credit, private lenders, SBA loans, debt securities, and owner financing. Securing acquisition financing often requires a mix of debt and equity from multiple sources. It is a complex process that requires thorough planning to obtain favorable financing terms.
FAQs About State Farm Agency Opportunitylesley_postle
State Farm does not require prior insurance experience or a 4-year degree to become an agent. They are looking for competencies like integrity, customer focus, and adaptability. Agents can come from various backgrounds. Candidates start getting paid once selected for a 6-9 month paid internship. To begin the process, a recruiter will collect contact information and discuss benefits in detail. State Farm provides significant support to new agents like office equipment, technology, and loans to help manage business expenses and ensure success. The agent retention rate is one of the highest in the industry.
This document summarizes equity financing options for businesses. It discusses that equity financing involves selling stock, membership, or partnership interests in exchange for cash or property. The benefits are that there is no fixed repayment date, funds can be used flexibly, and no assets are tied up as collateral. However, the costs are dilution of ownership and control, as well as having to consider minority owner interests. Equity financing may be better for growth businesses, those with few assets for loans, or those with inconsistent revenues for debt payments.
Startup Mistakes: What to Avoid, and How to SucceedDavid Ehrenberg
Everyone who's been down the startup road has made a mistake or two -- and we don't just mean the sandals-with-socks kind of mistake...
Nope, we're talking real mistakes, some of which can even be fatal. The good news? Many of these same mistakes are also avoidable.
Key topics include:
- Financial forecasting
- IP protection strategy
- Setting appropriate funding objectives
- Issues with resource allocation
- Understanding and monitoring your cash burn
- Getting your best valuation
- Building the essential infrastructure your business needs to scale
- and more...!
The document provides instructions for funding a business yourself through personal savings and loans, taking out small business loans from banks and applying for government assistance, attracting investors by developing partnerships and exploring options like accelerators, and examining other potential sources of capital such as crowdfunding, private lending, vendor financing, and business plan competitions. Funding options covered include using personal assets, home equity loans, credit cards, loans from friends and family, traditional bank loans, microloans, government small business loans, startup grants, angel investors, third-party loan guarantees, accelerators, crowdfunding, private lending, vendor financing, and small business plan competitions.
Financing options to help your business growInsideUp
This document provides an overview of various financing options available to help businesses grow, including business loans, merchant cash advances, home equity loans, equipment loans and leases, commercial mortgages, microloans, SBA loans, franchise financing, and SBA 504 loans. It discusses the types of each option, eligibility requirements, acceptable uses of funds, loan approval processes, and ensuring applications address the five C's of business credit.
Despite the industry’s sometimes negative reputation, Asset Based Lending can be a preferred solution for borrowers who put in the effort to find the “right” lender, with appropriate collateral and loan structure.
One topic that a borrower should discuss with the lender before entering into an Asset Based Lending agreement is the structure of the ABL facility – and the borrower’s management team needs to read all the paperwork.
While traditional ABL is rather commoditized, some elements of the loan’s structure may be critical to the success of the partnership.
A guide on business term loans and business loan termsMerchant Advisors
Need a term loan? Here is everything you need to know about business term loans and the most common business loan repayment terms. For more information, visit at https://www.onlinecheck.com/blog/business-loans/business-term-loans/
Business asset based lending is more flexible and creative than other funding solutions. Loans, lines of credit, term loans or factoring financing can be acquired using any single business collateral that is free and clear of liens. So that means we can use and fund a loan against free and clear inventory, purchase orders, contracts, equipment, invoices or real estate. These are bridge loans with better rates and with terms of 30 days to 4 years.
Artie Berne
ArTex Funding
www.ArTexFunding.com
512-261-0024
The document provides an overview of the key considerations for starting a business, including researching the market, choosing an ownership structure, registering the business, and preparing a business plan. It discusses sole proprietorships, partnerships, and corporations as potential ownership structures. It also outlines how to finance a business through equity financing like personal savings or investors, and debt financing like lines of credit, term loans, or government programs. The document concludes with common reasons why businesses fail like being undercapitalized, poor management, or failing to adapt.
Get an insight into what do lending institutions look for while lending, 5 mistakes that should be avoided when applying for loan, ten steps to secure funding and much more.
Rockshelter Capital - Introduction and Service Overview 2015Steven J. Landzberg
Steven Landzberg is the Managing Partner of RockShelter Capital, a financial services firm he founded in 2007 that provides executive management services, capital structure optimization, financial planning, structured investing, and merchant banking capabilities. Mr. Landzberg has over 25 years of experience in investment and advisory roles, including as a Managing Director and Portfolio Manager at Advent Capital Management and founding the special situations business at Barclays Capital. RockShelter Capital focuses on advising, restructuring, and investing in small- and middle-market companies across various industries.
The document summarizes the key topics and steps covered in a QuickSTART business feasibility planning workshop series. The series includes sessions on business basics, concept, marketing plan, financial projections, and funding sources. It provides an overview of the agenda for the funding sources session, which focuses on financial statement analysis, accounting systems, loan applications, and different sources of traditional and non-traditional capital. The document concludes by emphasizing the importance of completing the feasibility plan and discussing next steps like further developing the business plan and launching the business.
PrecisionLender Webinar - 7 Habits of High-Performing Relationship ManagersPrecisionLender
About this Webinar In this fast-paced presentation you’ll gain insights into what differentiates the best Relationship Managers from the rest of the pack. Data has shown that in most banks the top RMs generate the majority of loans and deposits, and at significantly better returns than their peers. Join us for this webinar, where Ned Miller from MZ Bierly Consulting and Kevin McNamara from PrecisionLender, will examine the specific tactics that these high-performing RMs employ to solidify relationships with customers and win new business from prospects.
Presentation from Generations' Small Business Workshop Series, "Sip & Social: Becoming Loan Ready." View this presentation to learn more about the borrowing process for businesses and how they can prepare themselves to get the best loan to help their business thrive.
A recent review of a new client’s existing 529 college
savings plans demonstrated how critical it is that clients understand the services they receive in exchange for the fees they pay.
This document from www.loanXpress.com discusses the advantages and disadvantages of debt financing for businesses. It outlines several advantages such as proper utilization of resources, tax advantages, and fixed interest payments. However, it also notes disadvantages like the risk of insolvency, severe penalties for missed payments, and difficulty obtaining alternative financing. The document provides this information over 8 pages and concludes with factors to consider when deciding between debt and other financing options.
When to raise money, how much to raise, what valuation to expect, which investors to target... Basic questions (and answers) founders should ask themselves before raising money.
I THINK FOLLOWING URL CAN HELP YOU TO GET LOAN IN A DAY
http://9nl.pw/ddi9
Money is the lifeline of any business, so whether you’re starting a business or running an existing one, securing financing is a major factor, especially for small businesses. Many budding entrepreneurs find the task daunting and don’t even know where to begin.
How do you know your architecture plans are meeting business needsBill Wimsatt
The document discusses how to determine if enterprise architecture plans are meeting business needs. It begins by explaining that any new systems or processes must demonstrate clear business value to stakeholders. It then discusses understanding different stakeholder perspectives on value, how businesses create value, and the importance of enterprise architecture maturity levels. The key points are that enterprise architecture must help increase revenues, decrease costs, increase efficiencies or sustainability to provide business value, and that the level of value it can provide depends on the maturity of the organization's enterprise architecture program.
The document provides an overview of startup financing options and the investment process. It discusses self-financing, debt financing, equity financing sources like angels and venture capital. It covers how VCs and angels make money, what investors look for, engaging with investors through the deal process, typical deal terms, and important factors to consider when choosing investors beyond just valuation.
The document summarizes a project by the ALA Emerging Leaders 2013 Team K to improve ALA membership retention. The team surveyed first-year ALA members to understand what aspects of membership they value and why some choose not to renew. The survey received 629 responses. Preliminary findings suggest divisions are highly valuable and members learn most about ALA through electronic communications and publications. The team will analyze the data and provide recommendations to the ALA Membership Committee.
Investing in Place: Economic Renewal in N BCSNCIRE
Presentation by Sean Markey of SFU's Centre for Sustainable Community Development at the June 24, 2013 annual general meeting of Skeena-Nass Centre for Innovation in Resource Economics (SNCIRE)
Learn about the 3 "Cs" in credit:
Character - who are you when times get tough?
Cash Flow - the amount of cash available from all sources of income in relationship to the total amount of personal and business debt.
Collateral The amount of cash available from all sources of income in relationship to the total amount of personal and business debt.
The document provides instructions for funding a business yourself through personal savings and loans, taking out small business loans from banks and applying for government assistance, attracting investors by developing partnerships and exploring options like accelerators, and examining other potential sources of capital such as crowdfunding, private lending, vendor financing, and business plan competitions. Funding options covered include using personal assets, home equity loans, credit cards, loans from friends and family, traditional bank loans, microloans, government small business loans, startup grants, angel investors, third-party loan guarantees, accelerators, crowdfunding, private lending, vendor financing, and small business plan competitions.
Financing options to help your business growInsideUp
This document provides an overview of various financing options available to help businesses grow, including business loans, merchant cash advances, home equity loans, equipment loans and leases, commercial mortgages, microloans, SBA loans, franchise financing, and SBA 504 loans. It discusses the types of each option, eligibility requirements, acceptable uses of funds, loan approval processes, and ensuring applications address the five C's of business credit.
Despite the industry’s sometimes negative reputation, Asset Based Lending can be a preferred solution for borrowers who put in the effort to find the “right” lender, with appropriate collateral and loan structure.
One topic that a borrower should discuss with the lender before entering into an Asset Based Lending agreement is the structure of the ABL facility – and the borrower’s management team needs to read all the paperwork.
While traditional ABL is rather commoditized, some elements of the loan’s structure may be critical to the success of the partnership.
A guide on business term loans and business loan termsMerchant Advisors
Need a term loan? Here is everything you need to know about business term loans and the most common business loan repayment terms. For more information, visit at https://www.onlinecheck.com/blog/business-loans/business-term-loans/
Business asset based lending is more flexible and creative than other funding solutions. Loans, lines of credit, term loans or factoring financing can be acquired using any single business collateral that is free and clear of liens. So that means we can use and fund a loan against free and clear inventory, purchase orders, contracts, equipment, invoices or real estate. These are bridge loans with better rates and with terms of 30 days to 4 years.
Artie Berne
ArTex Funding
www.ArTexFunding.com
512-261-0024
The document provides an overview of the key considerations for starting a business, including researching the market, choosing an ownership structure, registering the business, and preparing a business plan. It discusses sole proprietorships, partnerships, and corporations as potential ownership structures. It also outlines how to finance a business through equity financing like personal savings or investors, and debt financing like lines of credit, term loans, or government programs. The document concludes with common reasons why businesses fail like being undercapitalized, poor management, or failing to adapt.
Get an insight into what do lending institutions look for while lending, 5 mistakes that should be avoided when applying for loan, ten steps to secure funding and much more.
Rockshelter Capital - Introduction and Service Overview 2015Steven J. Landzberg
Steven Landzberg is the Managing Partner of RockShelter Capital, a financial services firm he founded in 2007 that provides executive management services, capital structure optimization, financial planning, structured investing, and merchant banking capabilities. Mr. Landzberg has over 25 years of experience in investment and advisory roles, including as a Managing Director and Portfolio Manager at Advent Capital Management and founding the special situations business at Barclays Capital. RockShelter Capital focuses on advising, restructuring, and investing in small- and middle-market companies across various industries.
The document summarizes the key topics and steps covered in a QuickSTART business feasibility planning workshop series. The series includes sessions on business basics, concept, marketing plan, financial projections, and funding sources. It provides an overview of the agenda for the funding sources session, which focuses on financial statement analysis, accounting systems, loan applications, and different sources of traditional and non-traditional capital. The document concludes by emphasizing the importance of completing the feasibility plan and discussing next steps like further developing the business plan and launching the business.
PrecisionLender Webinar - 7 Habits of High-Performing Relationship ManagersPrecisionLender
About this Webinar In this fast-paced presentation you’ll gain insights into what differentiates the best Relationship Managers from the rest of the pack. Data has shown that in most banks the top RMs generate the majority of loans and deposits, and at significantly better returns than their peers. Join us for this webinar, where Ned Miller from MZ Bierly Consulting and Kevin McNamara from PrecisionLender, will examine the specific tactics that these high-performing RMs employ to solidify relationships with customers and win new business from prospects.
Presentation from Generations' Small Business Workshop Series, "Sip & Social: Becoming Loan Ready." View this presentation to learn more about the borrowing process for businesses and how they can prepare themselves to get the best loan to help their business thrive.
A recent review of a new client’s existing 529 college
savings plans demonstrated how critical it is that clients understand the services they receive in exchange for the fees they pay.
This document from www.loanXpress.com discusses the advantages and disadvantages of debt financing for businesses. It outlines several advantages such as proper utilization of resources, tax advantages, and fixed interest payments. However, it also notes disadvantages like the risk of insolvency, severe penalties for missed payments, and difficulty obtaining alternative financing. The document provides this information over 8 pages and concludes with factors to consider when deciding between debt and other financing options.
When to raise money, how much to raise, what valuation to expect, which investors to target... Basic questions (and answers) founders should ask themselves before raising money.
I THINK FOLLOWING URL CAN HELP YOU TO GET LOAN IN A DAY
http://9nl.pw/ddi9
Money is the lifeline of any business, so whether you’re starting a business or running an existing one, securing financing is a major factor, especially for small businesses. Many budding entrepreneurs find the task daunting and don’t even know where to begin.
How do you know your architecture plans are meeting business needsBill Wimsatt
The document discusses how to determine if enterprise architecture plans are meeting business needs. It begins by explaining that any new systems or processes must demonstrate clear business value to stakeholders. It then discusses understanding different stakeholder perspectives on value, how businesses create value, and the importance of enterprise architecture maturity levels. The key points are that enterprise architecture must help increase revenues, decrease costs, increase efficiencies or sustainability to provide business value, and that the level of value it can provide depends on the maturity of the organization's enterprise architecture program.
The document provides an overview of startup financing options and the investment process. It discusses self-financing, debt financing, equity financing sources like angels and venture capital. It covers how VCs and angels make money, what investors look for, engaging with investors through the deal process, typical deal terms, and important factors to consider when choosing investors beyond just valuation.
The document summarizes a project by the ALA Emerging Leaders 2013 Team K to improve ALA membership retention. The team surveyed first-year ALA members to understand what aspects of membership they value and why some choose not to renew. The survey received 629 responses. Preliminary findings suggest divisions are highly valuable and members learn most about ALA through electronic communications and publications. The team will analyze the data and provide recommendations to the ALA Membership Committee.
Investing in Place: Economic Renewal in N BCSNCIRE
Presentation by Sean Markey of SFU's Centre for Sustainable Community Development at the June 24, 2013 annual general meeting of Skeena-Nass Centre for Innovation in Resource Economics (SNCIRE)
Learn about the 3 "Cs" in credit:
Character - who are you when times get tough?
Cash Flow - the amount of cash available from all sources of income in relationship to the total amount of personal and business debt.
Collateral The amount of cash available from all sources of income in relationship to the total amount of personal and business debt.
Cash is King: How To Manage Cash Flow & Increase Working Capital to Support B...Hitachi Business Finance
Learn about improving cash flow through increasing profitability and working capital management techniques.
Take away strategies on how to increase profitability by looking deeper into sales margins, overhead and operational costs along with managing A/R and inventory in order to speed up the cash flow cycle.
This document describes a two-step algorithm for a melody generator program. It begins with an overview of computer music and melody generation. It then outlines the two-step algorithm which first generates rhythmic patterns and then fills those patterns with pitches based on settings like scale and tonic. The document discusses using statistical analysis and rules of harmony to determine harmonic combinations. It introduces the "Harmonicube" pattern-based approach to harmonic melody generation and demonstrates a music generator prototype. It concludes that melody results from rhythm and harmony, rules and limitations are important, and the two-step generator can create harmonious music through patterns.
Alternative Financing: Funding Businesses that Don’t Fit with Traditional Ba...Hitachi Business Finance
Hennessey Capital provides alternative financing options like factoring and asset-based lines of credit for businesses that are "pre-bankable" but "post-revenue". They offer working capital funding up to $5 million using accounts receivable, inventory, and equipment as collateral. Hennessey Capital works closely with both businesses and banks by complementing existing financing and helping businesses establish profitable performance to transition to traditional banking. Their recent transactions include factoring and line of credit facilities for various manufacturers and service companies to provide working capital and support growth.
The document summarizes a microloan workshop presented by eDev, a nonprofit organization that provides classes, assistance and access to capital for small businesses and economic development. eDev was designated as an SBA microloan lender and initially has $150,000 to offer in loans ranging from $500 to $35,000. To qualify for a loan, applicants must demonstrate good character, repayment capacity, sufficient capital, collateral and ability to withstand economic conditions based on the Five C's of credit. Strong applications include service-based businesses and equipment purchases while restaurants, hobbies and requests to pay back taxes or wages are less likely to succeed. Interest rates start at 4.9% and applicants must submit documentation like business plans,
How to get a startup business loan with no money? If you are facing this problem, then you are in the right place. and sometimes getting a startup business loan with no money that can be challenging, but it's not impossible. Start by developing a well-researched business plan that highlights your market potential and revenue projections. Explore government-backed loan programs, such as Small Business Administration (SBA) loans, which offer favorable terms for startups.
Throughout this article, today we will explore "how to get a business loan with no money" and how seek out alternative funding sources like angel investors, venture capitalists, or crowdfunding platforms. Building a strong personal and professional network can also help you connect with potential lenders. Be prepared to demonstrate your commitment and passion for the business, and consider leveraging personal assets or securing a co-signer if possible. Persistence and thorough preparation are key to securing funding for your startup.
This document provides information and advice for entrepreneurs seeking venture capital funding. It discusses identifying target investors, preparing an effective funding package, understanding what investors look for, negotiating deal terms, and closing an investment deal. Key steps outlined include preparing an executive summary and business plan, contacting investors, conducting due diligence, addressing common investor concerns, and structuring the investment to align incentives. Cautions are also given about common lies told by both entrepreneurs and venture capitalists throughout the funding process.
This document summarizes options for small business funding. It discusses community development financial institutions (CDFIs) that provide loans under $250k for underserved entrepreneurs. It also discusses SBA loan programs that guarantee portions of bank loans. Alternative online lenders are described as providing quick approval but at higher interest rates, so caution is advised. The document recommends researching funding options and understanding requirements like the 5 C's of credit before applying for loans. Resources like Venturize.org are provided to help small businesses compare funding options and become loan-ready.
Get funds for app development as a tech startup and give wings to your dreamsConcetto Labs
If you are looking for the best live streaming apps to utilize its extravagant features for your business? If yes, this blog is for you. Contact Us Now
Strategic Capital Partners offers a multitude of funding options to small business owners across the nation. Speed, simplicity, and security are the driving factors behind everything we provide to our clients. Upon submitting your application, we review it with a dedicated funding advisor. We then search our vast network of lenders to find the best funding options available to perfectly meet the demands of your business. Small business is the backbone of America and Strategic Capital Partners is the backbone of small business.
Startup Financing 101: How to get from A to B with 0 or 100?Lubomila Jordanova
The document discusses various options for financing a startup at different stages, including bootstrapping, friends and family financing, angel investing, venture capital, bank loans, incubators/accelerators, grants, and crowdfunding. It provides details on who provides the money, advantages, disadvantages, and where to find each type of financing. Key points covered include understanding the startup timeline in relation to financing needs, having the right materials prepared like a business plan and prototype before seeking investment, and avoiding giving away too much equity or raising too much money too early in the process.
The document discusses various topics related to entrepreneurial financing including:
1) It discusses common misconceptions about entrepreneurial financing sources and outlines the diverse nature of business financing options.
2) It describes how to finance smaller businesses with modest growth potential using bootstrapping, self-financing, and loans.
3) It outlines how to finance high-growth, high-potential ventures using equity financing sources like angels and venture capitalists as well as debt financing.
Brian Tsuchiya from Vim Consulting presented on Colorado crowdfunding. He discussed the history of crowdfunding and the different types. He then outlined the five main funding options for raising capital in Colorado: Form RL registration, SCOR registration, Regulation A, Regulation D 504 MAIE, and Regulation D 506. The presentation concluded with the top five requirements for a successful crowdfunding campaign: completing compliance, understanding the target investor, setting the funding amount and use of funds, determining a fair valuation, and committing to a campaign plan.
Financing a new venture requires understanding the different funding options available and their pros and cons. Most startups need funding to cover costs before generating revenue from sales. Common sources of funding include personal savings, bootstrapping, bank loans, SBA loans, crowdfunding, angel investors, and venture capital. Proper preparation is key, including developing financial projections and statements to demonstrate the funding need and viability to potential investors or lenders.
This document discusses alternative financing options for small businesses. It covers bootstrapping using internally generated funds, angel investors who are high-net-worth individuals interested in emerging businesses, institutional venture capital firms looking for high returns, commercial banks that typically lend for assets and require collateral, the Small Business Administration that helps with longer term loans, and creative options like peer-to-peer lending, factoring accounts receivable, merchant financing using credit card sales, vendor financing from major customers, and crowdfunding by raising small amounts from many people online. The key is finding the right option based on the business needs, creditworthiness, and ability to repay loans.
Jason Graf discussed various types of equity and mezzanine financing for businesses. Equity financing involves selling ownership stakes in a company, such as through issuing shares, taking on partners, or working with venture capitalists. Mezzanine financing blends debt and equity by allowing lenders to convert to an ownership interest if the loan is not repaid. Mezzanine financing is typically used by larger and more established companies. Graf also provided examples of how he has helped structure different financing deals for various businesses.
Presentation based on Ben Holmes, Index Ventures Ventures http://www.slideshare.net/benholmes/venture-capital-an-entrepreneurs-manual
Created for EnterpriseTO
Common Mistakes Startups Make When Applying For FundingAbhishek Shah
The document outlines 5 common mistakes that startups make when applying for venture capital (VC) funding. They are: 1) Having no "wow factor" or unique selling proposition for the business. 2) Expecting a quick turnaround for funding decisions, which often take months. 3) Touting an untested business idea that is only in the planning stages. 4) Neglecting to include real market data and financial projections backed by research. 5) Lacking a clear development plan for how funding will be used and what milestones it will help the business achieve. The document provides tips to avoid each mistake and improve chances of securing VC funding.
As a Business Owner, you realize that you need funding to Start, Run or Grow your Business! What steps should you take to prepare in order for you to receive the best terms?
Approaching Your BankerTips1. Keep in mind tha.docxrossskuddershamus
Approaching Your Banker
Tips
1. Keep in mind that to stay in business banks need to make loans.
Do not be afraid to ask for one. That is what the Commercial Account Manager wants you to do. To increase your chances of getting a loan, look for a bank that is familiar with your industry and who has done business with companies like yours. Seek out banks that are active in small business financing. Some banks lend on a conventional basis (lending money without government support), while some banks participate in government programs (in the form of government participations involving direct government funds or loan guarantees). However, be aware that banks often demand stiff collateral requirements for start-ups.
2. As an entrepreneur, make sure that you are thoroughly prepared when you go to your banker's office to request a loan.
You need to show your bankers that a loan to you is a low-risk proposition. Have on hand a completed Business PlanManagementMarketsMaterialsMoney Copies of cash flow (12Mth) Financial statement projections (3-4yrs)
3. Learn to anticipate every question that he or she has. Remember, the combination of information and preparation is the most powerful negotiating tool in the world. A confident and thoroughly prepared borrower is four times more likely to have his or her loan approved than a borrower who does not know the answer to some of the basic questions a banker asks. To show the extent of your preparedness, your business plan should also include answers to your banker's questions.
These questions normally are:
How much money do you need? Be as exact as possible; although adding a little extra for contingencies will not hurt. How long do you need it for? Be prepared to go into detail about what the money will do for you and why your business is a good risk. What are you going to use it for? Businesses use loans for three things: to buy new assets, pay off old debts, or pay for operating expenses. When and how you will repay for it? Your cash flow projections should provide a repayment time frame. Convince the banker of the long-term profitability of your business and your ability to repay the loan by using your financial projections and business plan. What will you do if you do not get the loan? Is your request Safe and Sound.
4. Do not take an apologetic and negative attitude. Keep your negativity in check. Present yourself as an entrepreneur who can and will repay the loan. Boost your image by providing your Commercial Account Manager with any promotional materials about your business, such as brochures, ads, articles, press releases, etc.
5. Dress in a professional manner for the interview. This is a business transaction, so treat it as such.
6. Do not stretch the truth in your loan application. Broad, unsubstantiated statements should be avoided. The lender can easily check many of the facts on your application. If you cannot support statements with solid data, then don't make them.
Investment strategy for mvp development and releasePaul Claxton
Tutorial on Investing I wrote. We're working on our own MVP Release and we also do a lot of work supporting startups. In my experience, there seems to be an lacking of education in the marketplace about VC/Angel/Seed/Investment and what investors look for. VC funding is highly popularized but it is not the only way to fund your business startup e.g. you can go organically or get a traditional loan and there are pros and cons to do each approach. I created this document for others to use as a tutorial or reference point of information, and hopefully help them in their own funding efforts. ***This is for example purposes only and proprietary information has been excluded or changed. ***
2016 Mark Barbash Financing Presentation Copy Colorado FINALMBEDC, LLC
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2. Toby Dahm
Senior Vice President
Hennessey Capital
Over 25 years of experience in commercial lending
Traditional, workout, factoring and asset-based lending experience
Expertise in underwriting, portfolio management, marketing and
product development
Former entrepreneur
Recognized and trusted expert – Automation Alley, Tech Town, etc.
3. Goals of this session
Understand the various funding sources available
Review pros and cons of each
Determine which fits the client best
Learn to negotiate a good deal
5. Poll Question #1
For a company in the rapid growth stage of its
business life cycle, which of the following sources
of financing is the most appropriate?
a. Seed capital
b. Asset based financing
c. Conventional bank loan
d. Equipment lease
6. The First Step
Business Plan
What value does your business provide?
How does that translate into profits?
Where are you in the business life cycle?
What are your financing needs?
What finance structure should you request?
7. Business Plan Assistance
Michigan Small Business Technology Development
Centers (MI-SBTDC)
Mission is to support business growth
42 office throughout the state
http://misbtdc.org
8. Poll Question #2
Preparing a business plan is a cost-prohibitive
endeavor for a small business.
a. True
b. False
9. Seed Capital
Used for New Businesses to fund initial idea or prototype
Sources Include:
• Friends and family
• High net worth individuals
• Company or organization
• More patient investor, provides mentorship, co-investment
opportunities, industry expertise, smaller investment.
10. Seed Capital Assistance
Tech Town First Step Fund
A partnership of the Invest Detroit Foundation, Tech
Town, Ann Arbor Spark and Automation Alley
It is a revolving loan pool that provides funding up to
$50,000 to support the development and growth of
businesses in Southeast Michigan
http://www.investdetroit.com/managed-funds/first-step-fund
11. Seed Capital Assistance
Automation Alley
Has a pre-seed fund which offers qualified companies
in competitive edge technologies funding of up to
$250,000 as well as consulting services
The Alley also provides connection to other funding
sources
www.automationalley.com
12. Seed Capital Assistance
Ann Arbor Spark
Provides consulting services & connections with seed
capital funding sources for Ann Arbor-based firms.
www.annarborusa.org
13. Poll Question #3
Which of the following is NOT a source of seed capital
to support the launch of a new business?
a. Tech Town First Step Fund
b. Main Street Bank
c. Automation Alley
d. Ann Arbor Spark
14. Angel Investment
Investor(s) provide capital for a new business, usually
in exchange for convertible debt or ownership equity
Funds used primarily for moving from concept to
production
Entrepreneurs need a business plan, compelling story
and a convincing exit strategy
16. Angel Investment Assistance
New Enterprise Forum
Provides consulting, including connection to funding
sources. Not limited to Ann Arbor – they assist
company throughout the Midwest.
www.newenterpriseforum.org
17. Angel Investment Assistance
Grand Angels
Provides consulting and investment in businesses in
Michigan with a preference for those located in Kent,
Ottawa and Muskegon counties.
www.grandangels.org
18. Poll Question #4
Angel investors prefer to maintain a low profile and
invest alongside other angel investors.
a. True
b. False
19. Factoring
Used by business to business sales companies
Used by companies with limited track record or rapid growth
Advance 75% to 90% of invoice for immediate cash
Bridge A/R collection and A/P payment gap
Can be used in conjunction with current bank facility
This form of financing has been used since the 15th
century to help
businesses grow
20. Asset-Based Finance
Asset-Based Line of Credit
Used by established B2B sales companies
Used to restructure current bank debt or as succession financing to
factoring
Leverage asset classes to maximize cash-accounts receivable,
inventory, machinery and equipment or real estate
Stepping stone to traditional bank relationship
Learn more at www.cfa.com
21. Equipment Finance
How It Works
Asset-specific finance vehicle
True lease and capital leases
Leverages 100% of asset value
Ability to ‘bundle’ and finance the cost of related software and services
Flexible terms (step payments, end-of-lease options, etc.)
22. Equipment Finance
Best suited for companies with:
• Multi-year track record
• Demonstrable ability to pay out of cash flow (or
guaranty)
• Strong collateral value
Equipment finance has a low barrier to entry.
23. SBA Lending
Available to all business stages
• Start-up
• Limited Track Record
• Existing (2+ years)
Two typically used loan programs: 7a and 504
• 7a can be used for commercial real estate purchase/expansion/ground-
up, equipment purchase, business acquisitions, debt refinance,
working capital (no lines of credits)
• 504 can be used only for commercial real estate
purchase/expansion/ground-up and equipment
SBA loan sizes can start at $10,000
24. Conventional Bank Lending
Companies with established track record of sales and
performance (at least 2 years)
Full relationship with multiple bank products in
addition to loans
Lower rates and looser terms than earlier term
financing
Long-term relationship
25. Poll Question #5
Which form of financing has the earliest origin?
a. Conventional bank loans
b. Equipment leasing
c. Venture capital
d. Factoring
26. Poll Question #6
Due to the focus on the assets that provide the
collateral to secure the loan, which of the business
segments below would qualify for an asset based
loan?
a. Service
b. Distribution
c. Manufacturing
d. All of the above
27. Poll Question #7
If an entrepreneur has a bank loan, it will prohibit
him/her from obtaining an asset based line of
credit to fund growth financing needs.
a. True
b. False
c. Maybe
28. Preparation
Financial Documentation
• Historic balance sheet and income statement (3 yrs).
• Current period balance sheet and income statement.
• Projections including cash flow and income statements.
• Proforma balance sheet, if applicable.
• Accounts receivable and accounts payable agings.
• Contracts or purchase orders.
• Customer list.
• Personal financial statements and resume (s).
• Inventory reports, building or equipment appraisals.
• 2 years personal and business tax returns.
29. Communication
Treat as personal and business interview.
Confident but not combative.
Describe opportunities and recognize challenges.
What else should the lender / investor know now that they
will probably find out on their own?
If no, ask for advice and use as opportunity for next
presentation.
30. Tips for Finding Funding
#1 Understand the financing landscape and where your
“ask” fits in the spectrum of players.
#2 Leverage professional advisors for mentoring and
coaching.
#3 Be prepared and explain your needs and business in a
concise but complete manner.
#4 If turned away, ask for direction and steps required for
a “yes.” Don’t be defensive.
#5 Network, network and network.
31. Poll Question #8
In order to obtain the best possible financing, it is
important to conceal business’s weaknesses to
showcase the company in the most favorable light.
a. True
b. False
32. Due Diligence
Due diligence is the verification of data submitted, for
whatever source you are submitting it to.
33. Due Diligence
Due diligence consists of:
• Business in good standing
• Personal credit
• Business and personal litigation
• Criminal background check
• A review of any business liens
• Personal and business references
• Vetting of customer relationships and forecasts
• Field examination
• Appraisals
• Review of important contracts
• Discrete inquiries (non-supplied references)
34. Negotiating with Lenders/Investors
What is most important to you?
Availability of funds?
Cost?
Freedom from restrictions?
A trusting relationship?
Maintain Options
Negotiate with multiple parties
Keep “Plan B” alive
35. Negotiating with Lenders/Investors
Choose your battles wisely
Fight for what is most important
Don’t’ create hypothetical “horribles”
Empathize with the other party
Make a business case to support your stance
Settle when possible
Recognize the value of a bird in hand
Can you adjust to make the agreement work?
Will your partner re-visit the issue and what will change their position?