BUSINESS FUNDING

It is true that the people and companies who don't really need funding are the ones that can get it the fastest. However, that does not mean that the people and companies who need the money can't get it. There are many sources of funding available for people with good character, good business ideas and feasible business plans.

There are three types of business funding owner financing, debt financing and equity financing.

There are many sources of business funding; these include Banks, Investment Banks, Venture Capital Companies, Angel Investors, Leasing Companies, Factoring Companies and Incubator Companies as well as many others. These companies provide business loans, purchase order funding, equipment loans (chattel mortgages), display merchandise loans (floor planning), equipment leasing, bridge loans, letters of credit, commercial credit lines, equity investment, loan guarantees, accounts receivable financing, inventory loans, contract funding, commercial mortgages, venture capital, securities such as public stock offerings and other types of business funding.

Another good source of funding is trade credit. As a regular customer a supplier will usually extend your company credit for short periods of time.

Some people consider family members and friends as sources of funding, we do not recommend using family and friends as sources of funding. It is true that blood is thicker than water, but the additional stress caused by borrowing money has ruined many good family and personal relationships. Life needs to have balance and good relationships are hard to find. We recommend you do everything possible to avoid obtaining funding from family and friends. It is best to separate business and family whenever possible. There are many things in life more important than money and there are usually alternatives to borrowing from family or friends.

All types of funding each have their advantages and disadvantages. Banks are concerned with collateral and risk, Investment bankers are concerned with the concept and the ability to convince others that it is a rewarding idea. They are also concerned with the size of the deal and the associated transactional fees it will generate, Venture Capital companies are always looking for the best return on their investment and Angel Investors are usually concerned with the business venture viability and profitability. All are obviously concerned with getting repaid in full. All will require you to invest some of your own money into the business venture and want you to be responsible for some of the risk.

There are many factors to consider when seeking funding for your business. It is important to make sure you choose the type that is best for you. Often the best way to fund your business venture is a combination of sources of funds.

All sources of funding will require complete business plans including marketing plans and pro forma financial statements including cash flow projections. Each is going to want to know all there is to know about the principles of the company. In order to be successful you must provide complete and accurate information. Missing and inaccurate information will result in failure to obtain funding or at a minimum, additional delay, which can often be very long and may result in the provider committing funds to another company or project. It is important that you remember there are many people looking for funding for their businesses.

Through the years we have developed a network of many sources for business funding including, Banks, Investment Banks, Venture Capital Companies, Angel Investors, Leasing Companies, Factoring Companies, Incubator Companies and Government Agencies. We put our experience and relationships to work for you, so you get the funding your venture needs to succeed.

An under capitalized business venture seldom succeeds; always obtain more funding than you think you need, unexpected financial problems almost always occur. Every business needs financial reserves as a safety net or to take advantage of time critical opportunities.

We provide many services to businesses that require funding. One of our services is a review of the business and marketing plans before submission to potential sources of funding. This will add to your chances of success and shorten the decision time. It will also give you confidence that you have done a good job of preparing your business plans. Providers of funding receive many funding requests each day, submitting a superior "funding request package" will help you win the competition for funding.

Another service we provide is matching businesses' requiring funding with organizations' providing funding. Many funding providers have specific requirements, catering to companies in specific industries, or specific target markets and have varied minimum funding amounts. We can help you submit your package to providers who are interested in your type of venture.

We also offer a service, which includes submission of properly prepared business plans and funding requests to funding sources that we consider a match to the type of funding you desire.

We also have a service, which assists you in preparing and submitting applications for government grants and/or government guaranteed loans.

We offer many other services to help you get the funding you need.

We do our best in trying to assist our clients in getting the funding their business requires to be successful. Please contact us if we can be of assistance.

• The matching service and the submission service both require the review service.
• The submission service requires the review service and the matching service.

An under capitalized business venture seldom succeeds; always obtain more funding than you think you need