Archives for posts with tag: Funding

What Do You Do If You Have a Great Concept But Need Funding?

February 21, 2010 //
0

What Do You Do If You Have a Great Concept But Need Funding? 

You have a new “Concept” or “Idea”.  Congratulations!  Now what do you do?

If the acquisition of capital is your primary goal for your business, then let’s take a step back and see what you need to do.

Many entrepreneurs become so excited with their New Concept they mentally start banking their money – but oops, they don’t have any money.  No problem. They’ll shop their great new concept to the highest bidder, get enough to pay-off their debts, hire the necessary personnel to run the new piece of business and still have a healthy operating budget.  Sounds doable, right?   

And Why Not?  It seems you read about these kinds of successes all the time, don’t you!? 

While you should “never say never”, the reality of the odds playing out, as described above, are right up there with winning the national lottery.  The good news is there are ways to better those odds.

Read the rest of this entry »

Tags , , , , , ,
Categories Business Plans, Entrepreneurs, Funding Sources, Strategy Planning, Tips to Get Funds

11 Things Lenders and Investors Looking For

January 3, 2010 //
0

First off, don’t write off the smaller banks too quickly.  A number of small banks have funds available and are often more willing to loan them, but you need to have been in business for over two to four years, depending upon the  lending institution, and show proven profitability.  It isn’t easy, but if you have a sound company with a good plan you may be able to secure those needed funds.

Read the rest of this entry »

Tags , , , ,
Categories Entrepreneurs, Financial, Funding Sources, Tips to Get Funds, Uncategorized

New ARC Loan May Help Starving Businesses

October 5, 2009 //
0

The following is an article from the Jul 8, 2009 Inc. Newsletter by Keaton Gray 

Critics say the $35,000 loans aren’t enough to help the vast majority of small businesses, while lenders grumble over the paperwork.

Read the rest of this entry »

Tags , , , , , ,
Categories Entrepreneurs, Financial, Funding Sources, Tips to Get Funds

11 Things Lenders and Investors looking for

September 13, 2009 //
0

First off, don’t write off the smaller banks too quickly. A number of small banks have funds available and are often more willing to loan them, but you need to have been in business for over two to four years, depending upon the lending institution, and show proven profitability. It isn’t easy, but if you have a sound company with a good plan you may be able to secure those needed funds.

Third Party Lenders are often a good source when banks decline your loan request. When you can show you have a healthy company they are usually able to be more creative than a bank. The criteria ………………

  Read the rest of this entry »

Tags , , ,
Categories Financial, Funding Sources, Tips to Get Funds

Does Your Business Qualify for Stimulus Money?

September 9, 2009 //
0

Under normal conditions there is a good chance you would qualify, but in Colorado under current conditions – maybe not.

In the August 1, 2009 Denver Post, an article by Miles Moffeit makes the possibility of acquiring Stimulus Money appear close to the same odds as having the winning Lottery ticket. Currently loans are limited to $35,000, but the SBA is guaranteeing them 100%. Unfortunately few Colorado Banks are getting on board with the program.

Read the rest of this entry »

Tags , ,
Categories Funding Sources