Funding a Business

Behave Your Way to Obtaining Capital for Your Business

In his book, The Seven Habits of Highly Effective People, Dr. Stephen Covey recounts a conversation with a man who hated attending out-of-town training events. The man explained that his wife calls and hounds him on every detail of the day, whom he dines with, etc., and that he felt imprisoned by it. He also...

By David Gass |

Raising Business Capital from People You Know

Asking for business capital from people you know is very different from putting in a loan application at the bank. The good news is that you already have a personal relationship, so chances are they won’t run a credit check or ask you to put up your home as collateral, and may even give you...

By CircleLending |

Dealing with Rejection by Investors

You’ve developed a plan and submitted it to investors. You’re comfortable with the plan and the submissions process. Several investors have declined. Now what? The investment process works as a filter, sorting business plans, pushing some to the top and others out of the way. This filtering process is a good thing for many entrepreneurs...

By Tim Berry |

Funding a Business from Friends and Family

If I could make a point with budding entrepreneurs, it would be that you should know what money you need and understand that it is at risk. Don’t bet money you can’t afford to lose. I’ll always remember a talk I had with a man who had spent 15 years trying to make his sailboat...

By Tim Berry |

SBA Business Loans

Given your business plan and your collateral situation, you might look for special loans funded by government development agencies. If you are in the U.S., then you are probably looking for Small Business Administration (SBA) loans. The SBA is a federal government agency that guarantees bank loans to small business. The SBA has many different...

By Tim Berry |

Securing Venture Capital Funding for Your Business

First I need to clarify: I use venture capital in the title of this post because so many people in the real world apply the phrase venture capital to any investment that isn’t friends and family, personal savings, or a business ally establishing a joint venture. Technically that’s the wrong phrase because venture capital is really...

By Tim Berry |

Do You Need Funding?

Most businesses need financing. Cash flow is different from profits, so profits don’t guarantee money in the bank. There’s financing needed to manage starting costs, inventory, waiting to get paid, and other factors. Much of that is what we lump together as “working capital.” Most people think of financing as debt, borrowed money. In this...

By Tim Berry |

Finance options for purchasing a small business

Purchasing an existing small business may be a good way to fulfill dreams of being your own boss. But where does the money come from to purchase it? The best way to have access to funds is to have collateral. Equity in a home is often one of the best resources. If that is not...

By Tim Berry |

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