Business Loans, Lendio, small business financing.#Small #business #financing

See Your Business Loan Options

Small business financing

Business Line of Credit

Gain access to additional cash whenever you need it.

Small business financing

SBA Loan

Get a boost with the SBA 7a, 504, or Express loan.

Small business financing

Short Term Loan

Flexible business financing with 1-3 year terms.

Small business financing

Merchant Cash Advance

Borrow against your future earnings to get cash now.

Small business financing

Business Term Loan

This standard loan is a go-to for many business owners.

Small business financing

Business Credit Card

Increase working capital while building business credit.

Small business financing

Equipment Financing

Finance any business tool, from tractors to software.

Small business financing

Commercial Mortgage

Funding to buy, build, expand, remodel, or refinance.

Small business financing

Accounts Receivable Financing

Get an advance on your outstanding receivables.

Small business financing

Startup Loan

Launch your new business without giving up any equity.

Small business financing

Business Acquisition Loan

Get financing to buy an existing business or franchise.

Business Line of Credit

Need a little extra dough now and then? A business line of credit gives you access to working capital when you need it. You can use your line of credit for most business needs, and you pay interest only on the funds you use. What a fresh way to give your small business a boost.

Small business financing

Small business financing

Small business financing

SBA Loan

SBA loans were developed by Uncle Sam to support small business growth. They’re offered by lenders and backed by the U.S. Small Business Administration (SBA). We have several different SBA loan options in our toolbag, including SBA 7a, SBA 504, and SBA Express loans.

Small business financing

Short Term Loan

Surprises happen – and that’s why the short term loan exists. It gives you the green you need to stay afloat during a temporary cash shortage or manage the overhead that comes with taking on a larger project. You can get funded in just 1-4 weeks so you can get back to business as usual.

Small business financing

Small business financing

Small business financing

Merchant Cash Advance

Because sometimes you just need to get paid. Use a merchant cash advance to borrow against your future earnings and put money in your pocket in as little as 24 hours. It’s easy to qualify for and doesn’t require you to put up collateral or give up any equity in your small business.

Small business financing

Business Term Loan

This standard business loan option offers fixed interest rates, regular repayment terms, and a fixed maturity date. See, pretty standard. Use your business term loan for anything from an expansion to an equipment purchase. Crunch the numbers, then apply for your term loan today.

Small business financing

Small business financing

Business Credit Card

Whether you’re just starting out or a well-established business, a business credit card is the no-brainer way to cover unexpected costs and improve your business credit score. Choose one with a rewards program to bolster your cash benefits or just get some cool free stuff online.

Small business financing

Small business financing

Equipment Financing

Yes, you can afford that new truck, telephone system, or convection oven. Maybe even all three, although that’s a weird combo. Because business equipment varies so much between industries, you can choose from several different equipment financing options.

Small business financing

Small business financing

Small business financing

Commercial Mortgage

A commercial mortgage can help you buy, build, expand, remodel, or refinance. And it offers several sweet benefits: it’s a secure piece of collateral, typically has low interest rates, and helps you start earning equity. Plus, building stuff is just the grownup version of playing with Legos.

Small business financing

Small business financing

Accounts Receivable Financing

Stop trying to find extra cash while you’re waiting for those Net-30 receivables to roll in. Instead, use accounts receivable financing to get an advance from a lender on the money you’re owed for completed services. Cash flow problems solved.

Small business financing

Startup Loan

Use a startup loan to launch your new business without giving up any equity – and establish your business credit in the process. All you need is a credit score of 680 or higher and possibly a little collateral. So easy even a kid could do it.

Small business financing

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Small business financing

Business Acquisition Loan

A business acquisition loan helps you get the funding you need to purchase an existing small business or franchise. Simply submit your business plan and financial projections, then we’ll help you get the cash – now there’s a deal you can shake on.

Small business financing

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Business Financing Loans and Options, financing a new business.#Financing #a #new #business

Are You in Need of a Business Loan?

With the right loan, you may be in position to take your business to the next level.

Financing a new business Financing a new business

Financing a new business

See what other people are saying

As seen in

  • Financing a new businessFinancing a new business
  • Financing a new businessFinancing a new business
  • Financing a new businessFinancing a new business
  • AND A FEW

Financing a new business

Loans up to $150k

At BusinessFinancing.org, we offer business loans up to $150,000. No matter if you have been in business for many years or are starting your company in the near future, this amount of money should be enough to make a big difference.

Financing a new business

Lowest Rates

It is one thing to say you are interested in applying for a business loan. It is another thing entirely to find a lender that offers favorable terms. Until you do this, you will never feel comfortable signing on the dotted line.

Learn more

Financing a new business

Fast Funding

Are you in need of fast funding for your business? Do you need money in order to purchase equipment, hire employees, or to meet some other demand? If yes, you have come to the right place. Business Financing can assist you now.





Startup Financing – Small Business Funding, financing a new business.#Financing #a #new

Startup Business Financing

Financing a new business

Financing a new business

Wouldn t you love to have a few million dollars to start your business? Me too! With a great idea and a great business plan, you probably feel almost entitled to get the funding you re seeking.

The reality, though, is that for most entrepreneurs, you must prove your concept first before anyone will put up that kind of money. But most businesses require some sort of initial capital for things like inventory, marketing, physical facilities, incorporation expenses, etc.

According to the U.S. Small Business Administration (SBA), While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Sometimes it comes down to simple cash flow–many companies have closed their doors because they just couldn t make it another few months until the money came in.

When exploring your funding options, there are several factors to consider:

  • Are your needs short-term or long-term? How quickly will you be able to pay back the loan or provide a return on their investment?
  • Is the money for operating expenses or for capital expenditures that will become assets, such as equipment or real estate?
  • Do you need all the money now or in smaller pieces over several months?
  • Are you willing to assume all the risk if your company doesn t succeed, or do you want someone to share the risk?

The answers to these questions will help you prioritize the many funding options available.

  • Debt financing – You borrow the money and agree to pay it back in a particular time frame at a set interest rate. You owe the money whether your venture succeeds or not. Bank loans are what most people typically think of as debt financing, but we will explore many other options below.

  • Equity financing – You sell partial ownership of your company in exchange for cash. The investors assume all (or most) of the risk–if the company fails, they lose their money. But if it succeeds, they typically make a much greater return on their investment than interest rates. In other words, equity financing is far more expensive if your company is successful, but far less expensive if it isn t.

Because investors take on a much higher risk than lenders, they are typically far more involved in your company. This can be a mixed blessing. They will likely offer advice and connections to help grow your business. But if their plan is to exit your company in 2-3 years with a substantial return on their investment, and your motivation is the long-term sustainable growth of the company, you may find yourself at odds with them as the company grows. Be careful not to give up too much control of your company.

Let s take a closer look at the many options available for startups.

Friends and family are still your best source for both loans and equity deals. They are typically less stringent regarding your credit and their expected return on investment. One caveat: structure the deal with the same legal rigor you would with anyone else or it may create problems down the road when you look for additional financing.

Prepare a business plan and formal documents–you ll both feel better, and it s good practice for later.

Credit cards are a great tool for cash flow management, assuming you use them just for that and not for long-term financing. Keep one or two cards with no balance on it and pay it off every month to give yourself a 30 to 60-day float with no interest. And the low introductory rates on some cards make them some of the cheapest money around. Managed well, they re extremely effective; managed poorly, they re extremely expensive.

Bank loans come in all shapes and sizes, from microloans of a few hundred dollars, typically offered by local community banks, to six-figure loans by major national banks. These are much easier to obtain when backed by assets (home equity or an IRA) or third-party guarantors (e.g., government-sponsored SBA loans or a cosigner).

If you obtain a line of credit rather than a fixed-amount loan, you don t start paying interest until you actually spend the money.

Leasing is the way to go if you need big-ticket items such as equipment, vehicles, or even computers. Your supplier will help you explore this.

Angel investors fill the gap between friends and family and venture capitalists, who now rarely even look at investments below $1 million. Enlist a savvy financial adviser to structure the deal.

Private lending represents a viable alternative when the bank says no . Private lenders are looking for the same information and will conduct similar due diligence as the banks, but they typically specialize in an industry and are more willing to take on higher-risk loans if they see the potential.

There are many channels available to you to raise capital. All of the above approaches have numerous variations. Put together a solid business plan, talk to a financial adviser, and just start asking. Someone will eventually say Yes .





SBA 7a Loans, SBA Loans, Small Business Loans, Guidant Financial, sba financing.#Sba

SBA 7(a) Loans

Loans from the Small Business Administration are one of the most common forms of small business financing. Created to encourage banks to lend to small businesses, SBA 7(a) loans offer preferable repayment terms and multiple loan options, making them ideal for entrepreneurs at all stages, from start-up to expansion.

SBA loans offer up to $5 million in small business financing that can be used for almost any business purpose, including start-up, acquisition or expansion. Loan proceeds can be used as working capital, revolving funds, or to purchase real estate, equipment, inventory, etc.

Preferred by lenders and small business owners alike, SBA loans promise low interest rates, longer repayment terms and no ballooning costs, making monthly payments manageable for small business or franchise owners. On top of this, SBA 7(a) loans can be combined with other forms of small business financing to help you reach your funding needs. In fact, you could even use money from your retirement account to cover the down payment for an SBA loan with a Rollover for Business Start-up arrangement.

Eligibility

The five “Cs” are important when assessing eligibility for an SBA loan. Generally, banks will look at a borrower’s:

  • Cash: 20 percent equity injection for an existing business; 30 percent for a start-up.
  • Credit: 640+ credit score.
  • Capacity: Secondary income is preferred to minimize the risk of default.
  • Character: Three years of applicable work experienced is preferred.
  • Collateral: Personal collateral is required for a traditional SBA loan.

The Guidant Touch

Guidant Financial makes it easier to obtain an SBA 7(a) loan for qualified borrowers through a streamlined process that gives immediate access to thousands of lenders. Not only will we help you find the lender that’s right for you, but we provide comprehensive document analysis to ensure you have everything in line for approval.





Beyond the Bank Loan: 6 Alternative Financing Methods for Startups, financing a

Beyond the Bank Loan: 6 Alternative Financing Methods for Startups

Many aspiring entrepreneurs have an idea for their business but lack the capital to actually start it. Brand-new businesses are often turned down for bank loans, and even if your business is established, funds can still be tough to secure. Loans funded by the Small Business Administration are usually more accessible, but they are becoming increasingly competitive.

So what options are left for someone aspiring to be a small business owner? Here are six options beyond bank loans for financing your startup.

Online lending

Online lenders have become a popular alternative to traditional business loans. These platforms have the advantage of speed, as an application takes only about an hour to complete, and the decision and accompanying funds can be issued within days. Because of the ease and quickness of online lending, economist and former U.S. Treasury Secretary Larry Summers said at the 2015 Lend It conference that he expects online lenders to eventually reach more than 70 percent of small businesses.

Editor s note: Are you considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site BuyerZone provide you with information from a variety of vendors for free:

Angel investors

Angel investors invest in early-stage or startup companies in exchange for a 20 to 25 percent return on their investment. They have helped to start up many prominent companies, including Google and Costco. Mark DiSalvo, CEO of private equity fund provider Semaphore said, You are likely to get an investor who has strategic experience, so they can provide tactical benefit to the company they are investing in.

Find out what makes angel investors fund a business here.

Venture capitalists

Venture capital is money that is given to help build new startups that are considered to have both high-growth and high-risk potential. Fast-growth companies with an exit strategy already in place can gain up to tens of millions of dollars that can be used to invest, network and grow their company frequently.

Brian Haughey, assistant professor of finance and director of the investment center at Marist College, said that because venture capitalists focus on specific industries, they can generally offer advice to entrepreneurs on whether the product will be successful or what they need to do to bring it to market. However, venture capitalists have a short leash when it comes to company loyalty and often look to recover their investment within a three- to five-year time window, he said.

Learn more about venture capital here.

Factoring/invoice advances

Through this process, a service provider will front you the money on invoices that have been billed out, which you then pay back once the customer has settled the bill. This way, the business can grow by providing the funds necessary to keep it going while waiting for customers to pay for outstanding invoices.

Eyal Shinar, CEO of small business cash flow management company Fundbox, says these advances allow companies to close the pay gap between billed work and payments to suppliers and contractors.

By closing the pay gap, companies can accept new projects more quickly, Shinar told Business News Daily. Our goal is to help business owners grow their businesses and hire new workers by ensuring steady cash flow.

Visit BND s guide to choosing a factoring service here.

Crowdfunding

Crowdfunding on sites such as Kickstarter and Indiegogo can give a boost to financing a small business. These sites allow businesses to pool small investments from a number of investors instead of having to look for a single investment.

Make sure to read the fine print of different crowdfunding sites before making your choice, as some sites have payment-processing fees, or require businesses to raise their full stated goal in order to keep any of the money raised.

Check out some emerging trends in crowdfunding here.

Grants

Businesses focused on science or research may be able to get grants from the government. The SBA offers grants through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Recipients of these grants are required to meet federal research-and-development goals, and have a high potential for commercialization.

Learn more about applying for a small business grant here.

Additional reporting by Katherine Arline and Nicole Taylor. Some source interviews were conducted for a previous version of this article.

Jennifer Post graduated from Rowan University in 2012 with a Bachelor s Degree in Journalism. Having worked in the food industry, print and online journalism, and marketing, she is now a freelance contributor for Business News Daily. When she s not working, you will find her exploring her current town of Cape May, NJ or binge watching Pretty Little Liars for the 700th time.





Startup Financing – Small Business Funding, new business financing.#New #business #financing

Startup Business Financing

New business financing

Wouldn t you love to have a few million dollars to start your business? Me too! With a great idea and a great business plan, you probably feel almost entitled to get the funding you re seeking.

The reality, though, is that for most entrepreneurs, you must prove your concept first before anyone will put up that kind of money. But most businesses require some sort of initial capital for things like inventory, marketing, physical facilities, incorporation expenses, etc.

According to the U.S. Small Business Administration (SBA), While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Sometimes it comes down to simple cash flow–many companies have closed their doors because they just couldn t make it another few months until the money came in.

When exploring your funding options, there are several factors to consider:

  • Are your needs short-term or long-term? How quickly will you be able to pay back the loan or provide a return on their investment?
  • Is the money for operating expenses or for capital expenditures that will become assets, such as equipment or real estate?
  • Do you need all the money now or in smaller pieces over several months?
  • Are you willing to assume all the risk if your company doesn t succeed, or do you want someone to share the risk?

The answers to these questions will help you prioritize the many funding options available.

  • Debt financing – You borrow the money and agree to pay it back in a particular time frame at a set interest rate. You owe the money whether your venture succeeds or not. Bank loans are what most people typically think of as debt financing, but we will explore many other options below.

  • Equity financing – You sell partial ownership of your company in exchange for cash. The investors assume all (or most) of the risk–if the company fails, they lose their money. But if it succeeds, they typically make a much greater return on their investment than interest rates. In other words, equity financing is far more expensive if your company is successful, but far less expensive if it isn t.

Because investors take on a much higher risk than lenders, they are typically far more involved in your company. This can be a mixed blessing. They will likely offer advice and connections to help grow your business. But if their plan is to exit your company in 2-3 years with a substantial return on their investment, and your motivation is the long-term sustainable growth of the company, you may find yourself at odds with them as the company grows. Be careful not to give up too much control of your company.

Let s take a closer look at the many options available for startups.

Friends and family are still your best source for both loans and equity deals. They are typically less stringent regarding your credit and their expected return on investment. One caveat: structure the deal with the same legal rigor you would with anyone else or it may create problems down the road when you look for additional financing.

Prepare a business plan and formal documents–you ll both feel better, and it s good practice for later.

Credit cards are a great tool for cash flow management, assuming you use them just for that and not for long-term financing. Keep one or two cards with no balance on it and pay it off every month to give yourself a 30 to 60-day float with no interest. And the low introductory rates on some cards make them some of the cheapest money around. Managed well, they re extremely effective; managed poorly, they re extremely expensive.





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Financing Business – Payday Loans Online, business financing.#Business #financing

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Business Financing Loans and Options, financing a new business.#Financing #a #new #business

Are You in Need of a Business Loan?

With the right loan, you may be in position to take your business to the next level.

Financing a new business Financing a new business

Financing a new business

See what other people are saying

As seen in

  • Financing a new businessFinancing a new business
  • Financing a new businessFinancing a new business
  • Financing a new businessFinancing a new business
  • AND A FEW

Financing a new business

Loans up to $150k

At BusinessFinancing.org, we offer business loans up to $150,000. No matter if you have been in business for many years or are starting your company in the near future, this amount of money should be enough to make a big difference.

Financing a new business

Lowest Rates

It is one thing to say you are interested in applying for a business loan. It is another thing entirely to find a lender that offers favorable terms. Until you do this, you will never feel comfortable signing on the dotted line.

Learn more

Financing a new business

Fast Funding

Are you in need of fast funding for your business? Do you need money in order to purchase equipment, hire employees, or to meet some other demand? If yes, you have come to the right place. Business Financing can assist you now.





Government Small Business Loans, sba financing.#Sba #financing

Government Small Business Loans

Government small business loans help put your own business within reach. First there’s the quest for a decent location, then comes building a customer base, followed by all the initial hiccups of generating a cash flow before your business grows roots and gains momentum. The beginning of a business is crucial because it’s when you gain or lose market credibility. If you disappoint your customers, they may not give you a second chance. If your business gets off to a rocky start (most do), and you believe you can recover but need further financing to make this happen, you can apply for government small business loans.

For-profit lenders are reluctant to issue loans to anyone who does not have a strong credit report and financial history. That is not the case with government small business loans. Obviously, a decent credit report is important, and you will have to follow the guidelines regarding the repayment period and the interest rate set by the government, but usually the interest rates charged by government loans are lower than those you could expect in the private sector.

More about Government Small Business Loans

Government loans are typically offered through banks and credit unions that partner with the Small Business Administration (SBA). The SBA is a U.S. government body, with the motive of providing support for small businesses and entrepreneurs. For each loan authorized, a government-backed guarantee offers serious credibility, since the lender knows that even if you default, the government will pay off the balance. These loans can be applied to a number of uses, such as:

  • Purchase of new equipment, machinery, parts, supplies, etc.
  • Financing leasehold improvements
  • Commercial mortgage on buildings
  • Refinance existing debt
  • Establishing a line of credit

Government small business loans benefit both small businesses and the lending agency. For small businesses, it is beneficial because this is money capital they may not have access too. For banks, the loan’s risk is decreased due to the loan being backed by the SBA.

Different SBA Government Loans

The SBA extends financial help through various lending programs it has to offer. Some of the more popular loans are:

  • 7(a) Loan Guarantee Program: aimed primarily in helping a small business start or expand its services. The maximum size of such a loan is $5 million.
  • MicroLoan Program: mostly used for short-term purposes, such as purchase of goods, office furniture, transportation, computers, etc. The maximum amount is fixed at $50,000.
  • 504 Fixed Asset Program: featuring fixed-rate and long-term financing, these loans are aimed at applicants whose business model will benefit their community directly, either by providing jobs or bringing needed services to an underserved area. Again, the maximum amount is $5 million.
  • Disaster Assistance: under this program, loans are sanctioned to renters or homeowners with a low-interest, long-term plan for the restoration of property to its pre-disaster condition.

In most cases, maintaining a good business credit report is enough to qualify. In addition, it instills confidence not only in the lender, but also in you. There is at least one SBA office in every state in America. If you contact them regarding the startup status of your business model and plan, you can get started on a government small business loan that will give you the financing to make your dreams a reality.





Small Business Financing, TD Canada Trust, new business financing.#New #business #financing

Small Business Financing

7:00 a.m. – 12:00 a.m. EST

New business financing

Helping you start, purchase or grow your business

How to apply

Visit your local

TD Canada Trust branch

Government Grants for Small Business

With a Canada Small Business Financing Act Loan (CSBFL), TD Canada Trust and the Government of Canada work together to help you with the financing of your existing business or start-up. A CSBFL can help you get the loan you need to expand, purchase, or improve the fixed assets within your business.

Features of the CSBFL include:

  • Loan amounts available up to $1,000,000 1
  • Financing available for up to 90% of the “Eligible Costs” 2 of assets financed
  • Monthly repayment frequency with a choice of terms, up to a maximum of 10 years. A repayment schedule reflecting an amortization of up to 20 years may be available 3
  • Competitive fixed and floating interest rates are available
  • Personal guarantee required, starting at 25% of the loan amount 4
  • Loan may only be used for certain purposes
  • One-time Federal Government registration fee of 2% of the loan amount (which may be included in the amount borrowed)
  • A 1.25% Administration Fee is included as part of your interest rate
  • Standard TD Canada Trust Set-up fees apply

Do you qualify?

Here are some of the government’s requirements 5 for a CSBFL:

  • Your business operates or is about to operate in Canada
  • Your business’s annual gross revenue is less than $10 million in the year you apply
  • Your business is for profit, and is not a farm, charity, or religious enterprise
  • The assets purchased or improved must be used in your business




Startup Financing – Small Business Funding, financing for business.#Financing #for #business

Startup Business Financing

Financing for business

Wouldn t you love to have a few million dollars to start your business? Me too! With a great idea and a great business plan, you probably feel almost entitled to get the funding you re seeking.

The reality, though, is that for most entrepreneurs, you must prove your concept first before anyone will put up that kind of money. But most businesses require some sort of initial capital for things like inventory, marketing, physical facilities, incorporation expenses, etc.

According to the U.S. Small Business Administration (SBA), While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Sometimes it comes down to simple cash flow–many companies have closed their doors because they just couldn t make it another few months until the money came in.

When exploring your funding options, there are several factors to consider:

  • Are your needs short-term or long-term? How quickly will you be able to pay back the loan or provide a return on their investment?
  • Is the money for operating expenses or for capital expenditures that will become assets, such as equipment or real estate?
  • Do you need all the money now or in smaller pieces over several months?
  • Are you willing to assume all the risk if your company doesn t succeed, or do you want someone to share the risk?

The answers to these questions will help you prioritize the many funding options available.

  • Debt financing – You borrow the money and agree to pay it back in a particular time frame at a set interest rate. You owe the money whether your venture succeeds or not. Bank loans are what most people typically think of as debt financing, but we will explore many other options below.

  • Equity financing – You sell partial ownership of your company in exchange for cash. The investors assume all (or most) of the risk–if the company fails, they lose their money. But if it succeeds, they typically make a much greater return on their investment than interest rates. In other words, equity financing is far more expensive if your company is successful, but far less expensive if it isn t.

Because investors take on a much higher risk than lenders, they are typically far more involved in your company. This can be a mixed blessing. They will likely offer advice and connections to help grow your business. But if their plan is to exit your company in 2-3 years with a substantial return on their investment, and your motivation is the long-term sustainable growth of the company, you may find yourself at odds with them as the company grows. Be careful not to give up too much control of your company.

Let s take a closer look at the many options available for startups.

Friends and family are still your best source for both loans and equity deals. They are typically less stringent regarding your credit and their expected return on investment. One caveat: structure the deal with the same legal rigor you would with anyone else or it may create problems down the road when you look for additional financing.

Prepare a business plan and formal documents–you ll both feel better, and it s good practice for later.

Credit cards are a great tool for cash flow management, assuming you use them just for that and not for long-term financing. Keep one or two cards with no balance on it and pay it off every month to give yourself a 30 to 60-day float with no interest. And the low introductory rates on some cards make them some of the cheapest money around. Managed well, they re extremely effective; managed poorly, they re extremely expensive.





What financing option is best for my company, business financing options.#Business #financing

Which Financing Option is Best for Your Business

A lot of entrepreneurs ask themselves: What is the best way to finance my business?

In this article I will show you which financing option is best for your business given your capital needs, networking needs and stage.

Business financing options

© Shutterstock.com | Syda Productions

I will discuss (1) the business model specific factors such as capital needed and network needed, (2) the stages your company can be in, and (3) the financing options that fit best given your unique circumstances.

BUSINESS MODEL SPECIFIC FACTORS

The two most important factors that distinguish business models are capital intensity (low versus high capital need) and importance of relationships (low versus high need of relationships to key decision makers).

Some business models require you to invest a large amount upfront in order to enter the market. This costs can include product development, creating brand awareness or setting up a sales force. Business models with low capital needs include SaaS and consultancy services. Business models with high capital requirements encompass a shoe manufacturer or chemical factory. By intelligently testing your business model assumptions via a minimum viable product you can significantly lower your capital needs.

Some business models heavily require you to have a strong network to key decision makers in order for you to make sales. Business models with high importance of a good network include consulting services (e.g. management consulting, mergers acquisitions) and other business models where the purchase decision is made on executive level of your client.

Business financing options

BUSINESS STAGES

The business stages must be considered when choosing the right financing option for your business. Let s have a look at the major business stages.

IDEA STAGE

In this stage you have a basic idea of which product or service you would like to provide which customers, but you still have to think through the whole business model and define the assumptions to be tested. Brainstorming with friends about business ideas is fun and helps you clarify your rough business model.

CONCEPT STAGE

Your basic idea has developed and you have a good grasp how you want to enter the market (which marketing channels, sales channels, budgets), what are the product requirements, and how you will make a profit on selling your products and services. In addition, you may have developed a financial model as well as a first version of your product for testing under market conditions.

FIRST MARKET VALIDATION

Great! You ve build your product and you make your first customers happy. Congratulations! This is what we love about being entrepreneurs You learn from your customers feedback and iterate on your business model in order to optimize your product market fit.

SINGLE MARKET VALIDATION, EXPANSION AHEAD

You achieved product market fit in a single market (e.g. upper premium market for shoes in the US) and now you are keen to expand to further markets. This market extension can be geographically (= further countries) or product related (= add new product segments such as jeans or furniture). The challenge is that for the new markets you might not have enough market insights, contacts or capital.

ESTABLISHED COMPANY

You ve come a long way since you started your business. You sell hundreds of products in multiple countries and are loved by your customers and feared by your competitors. But maybe it s time to move on to a new business or retire on an island.

Now, as you understand your business model specific factors and the stage you are in, let s find the best financing option for your business.

FINANCING OPTIONS FOR YOUR BUSINESS

BOOTSTRAPPING

The first and my favorite financing option is bootstrapping. When bootstrapping you finance your business based on internal sources: your personal assets, other parallel businesses, or the revenue of the business itself. The idea of bootstrapping is to cover the cost with the revenues of the business as fast as possible in order to achieve a continuously self-supporting business.

This option can be used generally in every stage of your company, but it suits best for the idea stage and concept stage.

When to choose: I will boostrapp my company when the capital and network requirements are very low (e.g. less than $10k) to achieve break even.

Examples of companies which grew by bootstrapping: 37signals

FAMILY FRIENDS

The second option is using assets of your family and friends for growing your business. When you have tested your business model under market conditions and only need a little more resources (aka cash) for optimizing your business or for reaching break even, then asking your family and friends might be a good financing option for you. But be aware that investments from your closest friends and family might worsen if your business fails. Therefore, we recommend asking for a loan under friendly conditions which you will pay back to your friends and family.

When to choose: When you only need little financial resources for reaching break even and you are quite damn sure about that, then asking your family and friends might be a good financing option for your business.

Examples of companies which grew based on assets of family and friends: TBD

CROWD FUNDING

The third financing option is to get funded by people via crowd funding. You just register at a crowd funding website, upload your project decription and why people should finance your project, and then hope for the best. There are different website specific types of crowd funding:

  • Thank you -funding, if the people provide their money for a specific start-up project with no return promised (donation-like)
  • Product-Return -funding, if the people get some product from the start-up project in return for their financing
  • Equity/Debt -funding, if the people gets either equity stake or debt obligation from the startup company in return for their investment

When to choose: If your business has a medium need for financing (e.g. $50k to $200k) and you run a B2C business model, then crowd funding might be a good financing option; especially if you go for the Thank you -funding.

Examples of companies which grew based on crowd funding: Oculus

ACCELERATOR

The fourth financing option is getting funded by an accelerator such as Ycombinator. A good accelerator provides funding for you to build a minimum viable product, test product market fit, get some media traction and make relevant contacts with potential partners. Ycombinator is a good example for this and giving you advice on how to iterate your business model.

After you leave the accelerator program you will either have to break even or in most cases you will have to look for follow up financing by venture capitalists.

When to choose: If you have a rough idea or concept for a business and love to build your product together with serial entrepreneurs for less than $20k, then using an accelarator program is a good financing choice.

Examples of companies funded by an accelerator: Firebase

BUSINESS ANGEL

The fifth financing option is to find a business angel. A business angel is a wealthy individual who likes being involved and invested in startups. Many business angels are corporate executives or entrepreneurs, so you can learn from them while using their network. Business angels typically invest between $50k and $250k.

When to choose: If you need a substantial amount for testing your business model assumptions or for reaching break even while having a close exchange with some experienced business angel, then this financing option should be considered.

Examples for business angel financed companies: Google

VENTURE CAPITAL

The sixth financing option is to fund your business via venture capital. Venture capitalist look for highly disruptive and hockey-stick like growing companies that they can invest in $500k to $$20m in equity.

When to choose: If your company is growing quickly and is serving an innovative solution while not being profitable yet, then venture capitalist might be a good financing solution as they will provide you with capital and contacts.

Examples of companies financed by venture capitalists: Twitter

PRIVATE EQUITY

The seventh financing option is to get bought out by private equity. Private equity investors buy your company, takeover management control and try to increase the value of your company.

When to choose: If you would like to retire from business, don t find a successor or just want to cash in, then selling your company to a private equity investor might be a good option. This is only applicable to mature companies.

Examples of private equity financed companies: Dell





Business Financing Options: Different Types of Business Loans, business financing options.#Business #financing

Business Financing Options: Different Types of Business Loans

Once you have a substantial amount of money for the initial investment, it is a lot easier to build and grow your business. However, getting the initial investment is the biggest problem for most entrepreneurs. Luckily, you can get help from business financing companies that aim to solve financial problems of companies looking for finance to grow or those that are going through a bad phase financially.

Forms of Business Financing

One of the most popular forms of business financing is overdraft protection . This option lets business owners access funds that are more than what they have in their banking account. If you are looking for funds to expand your business or start a new venture, then this option is not for you. Usually, most banks and financial institutions do not authorize funds over $5,000 for business purposes. You can use the overdraft option if you are in need of temporary cash or if you need money to buy supplies.

Operating Line of Credit

Like overdrafts, an operating line of credit is also a preferred option of business financing. The operating line option is convenient for minor financing needs. Although it requires quick repayment, this option is popular because it is fast and reliable.

If you have a major financial need to support a new project, then the term loan option may be right for you. You can get funds for amounts over $100,000 crucial to buy or lease your offices, renovate the office or to undertake an expansion project. Term loans are convenient and available at both fixed interest and variable rates of interest.

Unlike term loans, government loans and incentives are available at lower interest rates. Getting a government loan is a relatively lengthy process and requires you to have special qualifications or prove that you are in need.

Getting Finance From Business Credit Cards

Credit cards are your best bet if you were looking for immediate financing. Credit card loans can be expensive due to high interest rates. However, it is easy to get quick cash using your credit card. For minor monetary needs, you can get an amount that is decided after assessing your credit limit, credit history and your outstanding debts. Many credit card companies provide exclusive business cards to their clients. These business cards come inclusive of special rates to help you manage your business financing needs. Various reward programs are an added feature of a business credit card.

When deciding on a finance option, you should consult your financial advisor, who is aware of all the current programs available.





Financing Small Business Enterprises: Sources of Information (Business Reference Services, Library of

Financing Small Business Enterprises: Sources of Information

Table of Contents

Image (left): Bills and coins

Courtesy of Microsoft Corporation

This revised brief is intended as a guide to representative sources of information on obtaining funding for both the newly formed and the expanding small business in the current economic environment. As such, the focus is on recently published books, current journal articles and online resources that will be of immediate, practical use to the practitioner. This revision includes sources on the latest trends in financing small businesses; new and creative ways of funding such as crowdfunding; revised editions of many popular sources on the subject; more internet resources than the original brief had; and a new section on directories that lists various online and print directories that would help an entrepreneur exploring financing options.

Regardless of the specific financing techniques discussed, certain themes are repeated throughout many of the publications listed in this brief. Chief among these is the emphasis on the importance of self-assessment in determining what it takes to be an entrepreneur coupled with caveats to those seeking financing to expect rejection before finally winning approval of their financing proposals. To this end, there are frequent discussions of the importance of developing business and/or finance plans, of placing one’s existing business in the best financial position possible by effecting economies in the day-to-day operations of the company, and of obtaining competent legal and financial counsel. Likewise stress is placed on the importance of comparing one’s business or potential business to industry standards for the same or a related industry or to a public company in the field which has disclosed financial information.

As these sources make plain, acquiring seed money and initial capital for start-up is likely to be only the beginning of an on-going process of financing one’s business; the need to acquire financing becomes especially critical for the survival of existing and growing companies as they move beyond seed money and start-up, and seek other types of financing. Moreover, while some businesses may go through only one or two phases in their search for financing, others may go through multiple phases of the process more than once as the company grows.

While this brief is intended to provide accurate information regarding sources of information about obtaining financing for small business, it is not intended as a substitute for professional legal, accounting, or other services, and users of this guide are encouraged to obtain the services of competent professionals in these fields as needed.

This guide is based on Business Brief compiled by: Angela Wilson, Carolyn Larson, Shari Jacobson of Business Reference Services, Humanities and Social Sciences Division, Library of Congress, Washington 1994

Revised by Gulnar Nagashybayeva, Business Reference Specialist, with contributions from

Fathin Achmad, Montgomery College Paul Peck Humanities Intern.





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Business Finance for new Business, Westpac, financing a new business.#Financing #a #new

Business finance for new businesses

Financing a new business

Set-up costs for a new business

To give your business the best chance of success, it’s important to start with a clear idea of the costs involved, both to start the business, and then to keep it running.

Financing a new business

Financing business growth

You have a great idea, feel sure it will work, but don’t have the money to finance it. Where do you go?

Financing a new business

Funding vehicles and equipment

Just about every business will need to spend on equipment, even if it’s just for a computer and mobile phone.

Looking to borrow less than $50,000?

Need business finance

We’ll be in touch within 1 working day.

Give us a call

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General advice: This information is general only and does not constitute any recommendation or advice. It is current at the time of publication, and is subject to change. It has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on the information, consider its appropriateness, having regard to these matters. Consider obtaining personalised advice from a professional financial adviser and your accountant before making any financial decisions in relation to the matters discussed in this document, including when considering the finance options for your business.

Conditions, fees and charges apply. These may change or we may introduce new ones in the future. Full details are available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.





Three Popular Start-Up Financing Options, The U, financing a new business.#Financing #a

Three Popular Start-Up Financing Options

Thinking about starting a business? Recent studies and reports have shown that entrepreneurs are more optimistic than in recent years when it comes to the state of their businesses this year, and that’s great news! But always high on the list of concerns for starting a business – even in optimistic times – is financing. Here’s a roundup of some ways, aside from avenues such as SBA-backed loans, to finance your business.

According to expert Marco Carbajo, credit cards are a major source of financing for small business owners, with statistics even showing that more than 65% of small businesses using them on a frequent basis. It’s a popular approach, but you should be sure to do your research to determine if it’s the right one for you. Here are some tips from Entrepreneur.com to help:

  • Unless your business is incorporated – so if yours is a sole proprietorship, for instance – you are guarantor of all debts. So if your sales are slow and you fall behind on payments, you risk your personal credit rating and ability to borrow.
  • It varies by state, but your credit-card issuer might still require that shareholders with significant ownership guarantee the line of credit – even if your business is incorporated.
  • Potentially bringing on partners? Make sure your agreement states that they’ll accept personal guarantees on all existing business debt. You need to address this specifically because in many states, new partners aren’t automatically responsible for previous debts.
  • Read the fine print. Don’t accept an offer without checking into the details, understanding the terms of use and evaluating risks. Don’t hesitate to ask a professional for guidance.

Asking friends and family to borrow funds to help finance your business sounds like it could get awkward, but it doesn’t have to. Treat the process just as professionally as you would an engagement with a bank. If you done right, you can potentially gain quicker access to the cash you need and jump through fewer hoops – after all, your friends or family already know you. Read more about borrowing from friends and family in our article here, but think about these highlights as you consider this option:

  • Think carefully about who you’ll approach and make sure they understand the risks (and rewards) of getting involved. Keep in mind if your business doesn’t work out and you can’t repay your obligations, relationships could suffer.
  • Be realistic about how much money you need. Instead of asking for the maximum, consider what you need to get you to a certain point in your business plan. Once you show you can repay that initial investment, you’ll be in a better position to ask for more money if you need it.
  • Write it down. You might think a verbal agreement with your friend or relative is sufficient given the personal relationship, but this is business. Consider this advice from Entrepreneur.com: “Any time you take money into a business, the law is very explicit: You must have all agreements written down and documented. If you don’t, emotional and legal difficulties could result that end up in court. And if the loan isn’t documented, you may find yourself with no legal recourse.”
  • Communicate. Show your business progress and share updates along the way, even if it’s correcting mistakes you’ve made with your business strategy. Checking in and sharing information shows that you’re taking seriously the role others are playing in your venture and demonstrates professionalism.

Increasingly, crowdfunding is becoming a popular way for people to get startup financing for their businesses. You’ve probably heard of Kickstarter campaigns – that’s crowdfunding. It works through a collective cooperation of people who network and pool their money and resources together, usually online, to support efforts initiated by others. So it gathers multiple, smaller investments as opposed to a single source of funding. You can read more about the details here, but here are three other key considerations from Entrepreneur.com:

  • You should begin working on your crowdfunding campaign six months before you want to launch your project. When your campaign starts, you should’ve already made a significant effort in letting people know about it collecting email addresses so you can really hit the ground running when you open the gates for your campaign.
  • Set your funding goal as low as you can manage because some crowdfunding platforms, like Kickstarter, are “all or nothing.” For instance, if you set a goal of $1,000 and you meet it, then you get the money. If you raise only $500, you won’t get anything. Read the fine print about the platform you choose so you can be strategic about your funding request.
  • Don’t forget to award your donors. You’re asking people to take a risk on your business venture – there are no guarantees. So thank them and show your appreciation by offering your product or service at a discount when the time comes.

You can also learn more from our online Learning Center course, “Introduction to Crowdfunding for Entrepreneurs.”

Beyond a “traditional” track of securing a loan from a bank, there are quite a few avenues to consider for financing your business. And with passion, professionalism and planning, you’ll establish a good foundation for success down any of these paths.

About the Author:

Financing a new business





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Startup Financing – Small Business Funding, new business financing.#New #business #financing

Startup Business Financing

New business financing

Wouldn t you love to have a few million dollars to start your business? Me too! With a great idea and a great business plan, you probably feel almost entitled to get the funding you re seeking.

The reality, though, is that for most entrepreneurs, you must prove your concept first before anyone will put up that kind of money. But most businesses require some sort of initial capital for things like inventory, marketing, physical facilities, incorporation expenses, etc.

According to the U.S. Small Business Administration (SBA), While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Sometimes it comes down to simple cash flow–many companies have closed their doors because they just couldn t make it another few months until the money came in.

When exploring your funding options, there are several factors to consider:

  • Are your needs short-term or long-term? How quickly will you be able to pay back the loan or provide a return on their investment?
  • Is the money for operating expenses or for capital expenditures that will become assets, such as equipment or real estate?
  • Do you need all the money now or in smaller pieces over several months?
  • Are you willing to assume all the risk if your company doesn t succeed, or do you want someone to share the risk?

The answers to these questions will help you prioritize the many funding options available.

  • Debt financing – You borrow the money and agree to pay it back in a particular time frame at a set interest rate. You owe the money whether your venture succeeds or not. Bank loans are what most people typically think of as debt financing, but we will explore many other options below.

  • Equity financing – You sell partial ownership of your company in exchange for cash. The investors assume all (or most) of the risk–if the company fails, they lose their money. But if it succeeds, they typically make a much greater return on their investment than interest rates. In other words, equity financing is far more expensive if your company is successful, but far less expensive if it isn t.

Because investors take on a much higher risk than lenders, they are typically far more involved in your company. This can be a mixed blessing. They will likely offer advice and connections to help grow your business. But if their plan is to exit your company in 2-3 years with a substantial return on their investment, and your motivation is the long-term sustainable growth of the company, you may find yourself at odds with them as the company grows. Be careful not to give up too much control of your company.

Let s take a closer look at the many options available for startups.

Friends and family are still your best source for both loans and equity deals. They are typically less stringent regarding your credit and their expected return on investment. One caveat: structure the deal with the same legal rigor you would with anyone else or it may create problems down the road when you look for additional financing.

Prepare a business plan and formal documents–you ll both feel better, and it s good practice for later.

Credit cards are a great tool for cash flow management, assuming you use them just for that and not for long-term financing. Keep one or two cards with no balance on it and pay it off every month to give yourself a 30 to 60-day float with no interest. And the low introductory rates on some cards make them some of the cheapest money around. Managed well, they re extremely effective; managed poorly, they re extremely expensive.





Beyond the Bank Loan: 6 Alternative Financing Methods for Startups, business financing

Beyond the Bank Loan: 6 Alternative Financing Methods for Startups

Many aspiring entrepreneurs have an idea for their business but lack the capital to actually start it. Brand-new businesses are often turned down for bank loans, and even if your business is established, funds can still be tough to secure. Loans funded by the Small Business Administration are usually more accessible, but they are becoming increasingly competitive.

So what options are left for someone aspiring to be a small business owner? Here are six options beyond bank loans for financing your startup.

Online lending

Online lenders have become a popular alternative to traditional business loans. These platforms have the advantage of speed, as an application takes only about an hour to complete, and the decision and accompanying funds can be issued within days. Because of the ease and quickness of online lending, economist and former U.S. Treasury Secretary Larry Summers said at the 2015 Lend It conference that he expects online lenders to eventually reach more than 70 percent of small businesses.

Editor s note: Are you considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site BuyerZone provide you with information from a variety of vendors for free:

Angel investors

Angel investors invest in early-stage or startup companies in exchange for a 20 to 25 percent return on their investment. They have helped to start up many prominent companies, including Google and Costco. Mark DiSalvo, CEO of private equity fund provider Semaphore said, You are likely to get an investor who has strategic experience, so they can provide tactical benefit to the company they are investing in.

Find out what makes angel investors fund a business here.

Venture capitalists

Venture capital is money that is given to help build new startups that are considered to have both high-growth and high-risk potential. Fast-growth companies with an exit strategy already in place can gain up to tens of millions of dollars that can be used to invest, network and grow their company frequently.

Brian Haughey, assistant professor of finance and director of the investment center at Marist College, said that because venture capitalists focus on specific industries, they can generally offer advice to entrepreneurs on whether the product will be successful or what they need to do to bring it to market. However, venture capitalists have a short leash when it comes to company loyalty and often look to recover their investment within a three- to five-year time window, he said.

Learn more about venture capital here.

Factoring/invoice advances

Through this process, a service provider will front you the money on invoices that have been billed out, which you then pay back once the customer has settled the bill. This way, the business can grow by providing the funds necessary to keep it going while waiting for customers to pay for outstanding invoices.

Eyal Shinar, CEO of small business cash flow management company Fundbox, says these advances allow companies to close the pay gap between billed work and payments to suppliers and contractors.

By closing the pay gap, companies can accept new projects more quickly, Shinar told Business News Daily. Our goal is to help business owners grow their businesses and hire new workers by ensuring steady cash flow.

Visit BND s guide to choosing a factoring service here.

Crowdfunding

Crowdfunding on sites such as Kickstarter and Indiegogo can give a boost to financing a small business. These sites allow businesses to pool small investments from a number of investors instead of having to look for a single investment.

Make sure to read the fine print of different crowdfunding sites before making your choice, as some sites have payment-processing fees, or require businesses to raise their full stated goal in order to keep any of the money raised.

Check out some emerging trends in crowdfunding here.

Grants

Businesses focused on science or research may be able to get grants from the government. The SBA offers grants through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Recipients of these grants are required to meet federal research-and-development goals, and have a high potential for commercialization.

Learn more about applying for a small business grant here.

Additional reporting by Katherine Arline and Nicole Taylor. Some source interviews were conducted for a previous version of this article.

Jennifer Post graduated from Rowan University in 2012 with a Bachelor s Degree in Journalism. Having worked in the food industry, print and online journalism, and marketing, she is now a freelance contributor for Business News Daily. When she s not working, you will find her exploring her current town of Cape May, NJ or binge watching Pretty Little Liars for the 700th time.





Financing Small Business Loan – Payday Loans Online, financing a small business.#Financing

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New Business Financing Options, business financing options.#Business #financing #options

New Business Financing Options

Business financing options

Make a well-informed financing decision by exploring your funding options.

Man image by Mat Hayward from Fotolia.com

Related Articles

  • 1 Methods of Business Financing
  • 2 Financing Options for a Business
  • 3 Where Does a Small Business Obtain Financing?
  • 4 How to Finance a Women s Business

New businesses need a reliable source of capital to get off the ground. Although bank loans are popular funding options, banks often see fledgling businesses as high risk and deny loan applications due to new business owners inexperience, according to the Small Business Administration (SBA). However, entrepreneurs can explore several alternative financing options.

Angel Investors

Angel investors are people who have money to invest in start-up companies. They look for businesses that need financial assistance and offer them the money in exchange for a return on their investment. Typically, angel investors are interested in gaining equity or partial ownership in a new business. It is wise for new businesses to consider angel investors as financing options because angel investors are willing to take risks and do not necessarily count inexperience as a reason to withhold an investment.

Bootstrapping

Using personal resources to finance your business is known as bootstrapping. Personal investments serve as the most common form of capital for start-up companies, according to the SBA. Business owners can fund their business endeavors by cashing out their retirement accounts or withdrawing money from their nest eggs. Credit cards are another personal resource; however, credit cards have exorbitant interest rates. It is not advisable to use credit cards for long-term business investments because the interest becomes expensive. Use credit cards sparingly, and only for purchases that will be paid off promptly, Entrepreneur recommends.

Relatives and Friends

Consider relatives and friends as financing options. Relatives and friends with money can loan you the capital interest-free (or at a minimal interest rate), which will help your business get off the ground without the hassle of application processes and complicated contracts. Keep in mind that this money may have to be accounted for when tax time comes around, according to Entrepreneur. If you receive an interest-free loan, the Internal Revenue Service may consider the money a gift and tax you on it.





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SBA Loans – Government Guaranteed Small Business Loans, sba financing.#Sba #financing

Sba financing

Sba financing

All SBA Loans Articles

SBA Loan Rates Current Interest Rates and How They Work

Sba financing

There are three primary types of SBA loans: SBA 7A Loans, SBA Express Loans, and CDC/504 Loans. SBA 7A loans and SBA Express loans can be used for a wide variety of purposes, including growth capital and refinancing. CDC/504 loans, on the other hand, are specifically for the purchase of fixed assets like real estate

SBA Business Loan Calculator

Sba financing

A loan backed by the U.S. Small Business Administration (SBA) can be the least expensive way to get capital for many small businesses. They typically offer small businesses lower interest rates and longer terms than other financing options. Our SBA loan calculator will help you see just how affordable your SBA loan can be for

How to Refinance Your Business Loans in 3 Steps

Sba financing

Refinancing debt in your small business can lower your APR, reduce the frequency of payments, and even unlock additional working capital. The most common loans used for business refinancing are SBA loans and small business term loans. In this article, we’ll show you how to refinance business loans in three easy steps. When refinancing your

Small Business Debt Consolidation Calculator

Sba financing

Small businesses struggling with short term debt and high interest rates can significantly reduce their monthly payments by consolidating. Our small business debt consolidation calculator helps businesses estimate how much they could potentially save with a consolidation loan. The calculator will show your potential savings through our recommended consolidation option, a 10 year SBA loan.

Small Business Debt Consolidation Loan: When to Consolidate Business Debt

Sba financing

A small business debt consolidation loan can lower your interest rates and reduce the size of your monthly payments. They may even enable you to borrow additional working capital. Knowing when it’s the right time to consolidate business debt depends on the terms of your existing debt, your business’s current finances, and your personal credit.

Top 100 SBA Lenders for 2017

Sba financing

Choosing the best SBA lender can save you time and can increase your funding chances, but there are over 3,000 banks and credit unions nationwide who offer SBA loans. In this article we ll show you the top 100 SBA lenders based on SBA data as well as review three of the best SBA lenders for

SBA Form 159 What It Is How to Fill It Out

Sba financing

You’re required to submit SBA Form 159 if you or your lender hires a loan packager, referral agent, broker, accountant, attorney, or consultant to help prepare or secure your SBA loan. SBA Form 159 is less common than other SBA forms, only being filled out by less than half of all SBA loan applications every

SBA Form 1919 What the Borrower Information Form Is and How to Fill It Out

Sba financing

SBA Form 1919 is the borrower information form and includes personal identifying information as well as responses to 22 questions. Questions range from citizenship status to the number of jobs that will be created or retained because of the SBA financing. Follow this step by step guide to filling out SBA Form 1919 to prevent delays

SBA 504 Loan: Buy Commercial Real Estate With SBA/CDC Loans

Sba financing

The SBA 504 loan program combines two loans (one from a lender, one from a CDC) that can be used to buy owner-occupied commercial real estate, and other fixed assets like equipment. The lender portion covers up to 50% of the loan, the CDC portion covers 40%, and the borrower is responsible for the remaining

SBA Form 912 What the Statement of Personal History Is How To Fill It Out

Sba financing

SBA Form 912, the Statement of Personal History, is used to determine a borrower’s trustworthiness and evaluate whether applicant’s or their business partners have any criminal history. The information gathered by Form 912 helps the SBA determine if borrowers are of “good character.” Completing the form accurately and in detail will help prevent delays or

SBA Form 413: Everything You Need to Know to Fill It Out

Sba financing

This article is for SBA loan applicants looking for instructions on how to fill out SBA Form 413 – the Personal Financial Statement (download form here), which is used to evaluate your loan eligibility based on your and your spouse’s personal net worth. Applying for an SBA loan requires a lot of paperwork. Our recommended

Types of SBA Loans: 6 SBA Loan Programs in Detail

Sba financing

The Small Business Administration (SBA) has several loan programs. Choosing the wrong one could mean losing out on important benefits. In this article, we’ll cover the 6 types of SBA loans in detail and show you what you need to know to pick the best SBA loan for your small business. Our recommend SBA loan

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Business Financing, financing a business.#Financing #a #business

Financing a businessCEI

  • Home
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CEI and its subsidiaries offer business and project financing and technical support for a wide range of small business, community facilities, renewable energy, affordable housing and mixed used real estate projects and ventures. With flexible business financing, loans, investments, rates and terms, CEI is able to leverage its capital with banks and other sources.

Since its first major investment in 1979 in a value-added, community-owned fish processing facility in midcoast Maine, CEI has provided $1.27 billion to 2,649 businesses, natural resource industries, community facilities, and affordable housing in Maine, the Northeast, and throughout rural America, leveraging over $2.55 billion in high impact, job-creating and sustainable economic development projects and enterprises.

CEI financing opportunities include:

  • Direct loans to start-up, existing and growing small businesses in Maine and beyond, in amounts ranging from $5,000 to $3,000,000. To view our business financing brochure, please click here.To obtain an application for a loan, please click here.
  • Venture capital investments in small businesses located in New England and the mid-Atlantic region. Investments range from under $500,000 to over $1 million.
  • New Markets Tax Credits are available for investments in targeted distressed communities in Maine, Northern New England, and upstate New York. Select projects with high 3E impact will be considered in other parts of the country. Tax credit investments range from $2 million to $30 million.
  • Affordable Homeownership, Rental and Supported Housing with loans and development capital from under $500,000 to over $2 million.
  • Equity
  • Solar project investments in communities with low to moderate incomes, providing good jobs and clean energy

Find out more by calling 207-504-5900.

Financing a business





Startup Financing – Small Business Funding, new business financing.#New #business #financing

Startup Business Financing

New business financing

Wouldn t you love to have a few million dollars to start your business? Me too! With a great idea and a great business plan, you probably feel almost entitled to get the funding you re seeking.

The reality, though, is that for most entrepreneurs, you must prove your concept first before anyone will put up that kind of money. But most businesses require some sort of initial capital for things like inventory, marketing, physical facilities, incorporation expenses, etc.

According to the U.S. Small Business Administration (SBA), While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Sometimes it comes down to simple cash flow–many companies have closed their doors because they just couldn t make it another few months until the money came in.

When exploring your funding options, there are several factors to consider:

  • Are your needs short-term or long-term? How quickly will you be able to pay back the loan or provide a return on their investment?
  • Is the money for operating expenses or for capital expenditures that will become assets, such as equipment or real estate?
  • Do you need all the money now or in smaller pieces over several months?
  • Are you willing to assume all the risk if your company doesn t succeed, or do you want someone to share the risk?

The answers to these questions will help you prioritize the many funding options available.

  • Debt financing – You borrow the money and agree to pay it back in a particular time frame at a set interest rate. You owe the money whether your venture succeeds or not. Bank loans are what most people typically think of as debt financing, but we will explore many other options below.

  • Equity financing – You sell partial ownership of your company in exchange for cash. The investors assume all (or most) of the risk–if the company fails, they lose their money. But if it succeeds, they typically make a much greater return on their investment than interest rates. In other words, equity financing is far more expensive if your company is successful, but far less expensive if it isn t.

Because investors take on a much higher risk than lenders, they are typically far more involved in your company. This can be a mixed blessing. They will likely offer advice and connections to help grow your business. But if their plan is to exit your company in 2-3 years with a substantial return on their investment, and your motivation is the long-term sustainable growth of the company, you may find yourself at odds with them as the company grows. Be careful not to give up too much control of your company.

Let s take a closer look at the many options available for startups.

Friends and family are still your best source for both loans and equity deals. They are typically less stringent regarding your credit and their expected return on investment. One caveat: structure the deal with the same legal rigor you would with anyone else or it may create problems down the road when you look for additional financing.

Prepare a business plan and formal documents–you ll both feel better, and it s good practice for later.

Credit cards are a great tool for cash flow management, assuming you use them just for that and not for long-term financing. Keep one or two cards with no balance on it and pay it off every month to give yourself a 30 to 60-day float with no interest. And the low introductory rates on some cards make them some of the cheapest money around. Managed well, they re extremely effective; managed poorly, they re extremely expensive.





Business Finance for new Business, Westpac, new business financing.#New #business #financing

Business finance for new businesses

New business financing

Set-up costs for a new business

To give your business the best chance of success, it’s important to start with a clear idea of the costs involved, both to start the business, and then to keep it running.

New business financing

Financing business growth

You have a great idea, feel sure it will work, but don’t have the money to finance it. Where do you go?

New business financing

Funding vehicles and equipment

Just about every business will need to spend on equipment, even if it’s just for a computer and mobile phone.

Looking to borrow less than $50,000?

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General advice: This information is general only and does not constitute any recommendation or advice. It is current at the time of publication, and is subject to change. It has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on the information, consider its appropriateness, having regard to these matters. Consider obtaining personalised advice from a professional financial adviser and your accountant before making any financial decisions in relation to the matters discussed in this document, including when considering the finance options for your business.

Conditions, fees and charges apply. These may change or we may introduce new ones in the future. Full details are available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.





New Business Financing Options, business financing options.#Business #financing #options

New Business Financing Options

Business financing options

Make a well-informed financing decision by exploring your funding options.

Man image by Mat Hayward from Fotolia.com

Related Articles

  • 1 Methods of Business Financing
  • 2 Financing Options for a Business
  • 3 Where Does a Small Business Obtain Financing?
  • 4 How to Finance a Women s Business

New businesses need a reliable source of capital to get off the ground. Although bank loans are popular funding options, banks often see fledgling businesses as high risk and deny loan applications due to new business owners inexperience, according to the Small Business Administration (SBA). However, entrepreneurs can explore several alternative financing options.

Angel Investors

Angel investors are people who have money to invest in start-up companies. They look for businesses that need financial assistance and offer them the money in exchange for a return on their investment. Typically, angel investors are interested in gaining equity or partial ownership in a new business. It is wise for new businesses to consider angel investors as financing options because angel investors are willing to take risks and do not necessarily count inexperience as a reason to withhold an investment.

Bootstrapping

Using personal resources to finance your business is known as bootstrapping. Personal investments serve as the most common form of capital for start-up companies, according to the SBA. Business owners can fund their business endeavors by cashing out their retirement accounts or withdrawing money from their nest eggs. Credit cards are another personal resource; however, credit cards have exorbitant interest rates. It is not advisable to use credit cards for long-term business investments because the interest becomes expensive. Use credit cards sparingly, and only for purchases that will be paid off promptly, Entrepreneur recommends.

Relatives and Friends

Consider relatives and friends as financing options. Relatives and friends with money can loan you the capital interest-free (or at a minimal interest rate), which will help your business get off the ground without the hassle of application processes and complicated contracts. Keep in mind that this money may have to be accounted for when tax time comes around, according to Entrepreneur. If you receive an interest-free loan, the Internal Revenue Service may consider the money a gift and tax you on it.





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Startup Financing – Small Business Funding, business financing options.#Business #financing #options

Startup Business Financing

Business financing options

Wouldn t you love to have a few million dollars to start your business? Me too! With a great idea and a great business plan, you probably feel almost entitled to get the funding you re seeking.

The reality, though, is that for most entrepreneurs, you must prove your concept first before anyone will put up that kind of money. But most businesses require some sort of initial capital for things like inventory, marketing, physical facilities, incorporation expenses, etc.

According to the U.S. Small Business Administration (SBA), While poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Sometimes it comes down to simple cash flow–many companies have closed their doors because they just couldn t make it another few months until the money came in.

When exploring your funding options, there are several factors to consider:

  • Are your needs short-term or long-term? How quickly will you be able to pay back the loan or provide a return on their investment?
  • Is the money for operating expenses or for capital expenditures that will become assets, such as equipment or real estate?
  • Do you need all the money now or in smaller pieces over several months?
  • Are you willing to assume all the risk if your company doesn t succeed, or do you want someone to share the risk?

The answers to these questions will help you prioritize the many funding options available.

  • Debt financing – You borrow the money and agree to pay it back in a particular time frame at a set interest rate. You owe the money whether your venture succeeds or not. Bank loans are what most people typically think of as debt financing, but we will explore many other options below.

  • Equity financing – You sell partial ownership of your company in exchange for cash. The investors assume all (or most) of the risk–if the company fails, they lose their money. But if it succeeds, they typically make a much greater return on their investment than interest rates. In other words, equity financing is far more expensive if your company is successful, but far less expensive if it isn t.

Because investors take on a much higher risk than lenders, they are typically far more involved in your company. This can be a mixed blessing. They will likely offer advice and connections to help grow your business. But if their plan is to exit your company in 2-3 years with a substantial return on their investment, and your motivation is the long-term sustainable growth of the company, you may find yourself at odds with them as the company grows. Be careful not to give up too much control of your company.

Let s take a closer look at the many options available for startups.

Friends and family are still your best source for both loans and equity deals. They are typically less stringent regarding your credit and their expected return on investment. One caveat: structure the deal with the same legal rigor you would with anyone else or it may create problems down the road when you look for additional financing.

Prepare a business plan and formal documents–you ll both feel better, and it s good practice for later.

Credit cards are a great tool for cash flow management, assuming you use them just for that and not for long-term financing. Keep one or two cards with no balance on it and pay it off every month to give yourself a 30 to 60-day float with no interest. And the low introductory rates on some cards make them some of the cheapest money around. Managed well, they re extremely effective; managed poorly, they re extremely expensive.





Business Loans, Lendio, small business financing.#Small #business #financing

See Your Business Loan Options

Small business financing

Business Line of Credit

Gain access to additional cash whenever you need it.

Small business financing

SBA Loan

Get a boost with the SBA 7a, 504, or Express loan.

Small business financing

Short Term Loan

Flexible business financing with 1-3 year terms.

Small business financing

Merchant Cash Advance

Borrow against your future earnings to get cash now.

Small business financing

Business Term Loan

This standard loan is a go-to for many business owners.

Small business financing

Business Credit Card

Increase working capital while building business credit.

Small business financing

Equipment Financing

Finance any business tool, from tractors to software.

Small business financing

Commercial Mortgage

Funding to buy, build, expand, remodel, or refinance.

Small business financing

Accounts Receivable Financing

Get an advance on your outstanding receivables.

Small business financing

Startup Loan

Launch your new business without giving up any equity.

Small business financing

Business Acquisition Loan

Get financing to buy an existing business or franchise.

Business Line of Credit

Need a little extra dough now and then? A business line of credit gives you access to working capital when you need it. You can use your line of credit for most business needs, and you pay interest only on the funds you use. What a fresh way to give your small business a boost.

Small business financing

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Small business financing

SBA Loan

SBA loans were developed by Uncle Sam to support small business growth. They’re offered by lenders and backed by the U.S. Small Business Administration (SBA). We have several different SBA loan options in our toolbag, including SBA 7a, SBA 504, and SBA Express loans.

Small business financing

Short Term Loan

Surprises happen – and that’s why the short term loan exists. It gives you the green you need to stay afloat during a temporary cash shortage or manage the overhead that comes with taking on a larger project. You can get funded in just 1-4 weeks so you can get back to business as usual.

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Merchant Cash Advance

Because sometimes you just need to get paid. Use a merchant cash advance to borrow against your future earnings and put money in your pocket in as little as 24 hours. It’s easy to qualify for and doesn’t require you to put up collateral or give up any equity in your small business.

Small business financing

Business Term Loan

This standard business loan option offers fixed interest rates, regular repayment terms, and a fixed maturity date. See, pretty standard. Use your business term loan for anything from an expansion to an equipment purchase. Crunch the numbers, then apply for your term loan today.

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Small business financing

Business Credit Card

Whether you’re just starting out or a well-established business, a business credit card is the no-brainer way to cover unexpected costs and improve your business credit score. Choose one with a rewards program to bolster your cash benefits or just get some cool free stuff online.

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Small business financing

Equipment Financing

Yes, you can afford that new truck, telephone system, or convection oven. Maybe even all three, although that’s a weird combo. Because business equipment varies so much between industries, you can choose from several different equipment financing options.

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Small business financing

Commercial Mortgage

A commercial mortgage can help you buy, build, expand, remodel, or refinance. And it offers several sweet benefits: it’s a secure piece of collateral, typically has low interest rates, and helps you start earning equity. Plus, building stuff is just the grownup version of playing with Legos.

Small business financing

Small business financing

Accounts Receivable Financing

Stop trying to find extra cash while you’re waiting for those Net-30 receivables to roll in. Instead, use accounts receivable financing to get an advance from a lender on the money you’re owed for completed services. Cash flow problems solved.

Small business financing

Startup Loan

Use a startup loan to launch your new business without giving up any equity – and establish your business credit in the process. All you need is a credit score of 680 or higher and possibly a little collateral. So easy even a kid could do it.

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Business Acquisition Loan

A business acquisition loan helps you get the funding you need to purchase an existing small business or franchise. Simply submit your business plan and financial projections, then we’ll help you get the cash – now there’s a deal you can shake on.

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Small Business Financing Options – Low Payment Loans, small business financing.#Small #business

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Business Financing Loans and Options, financing a new business.#Financing #a #new #business

Are You in Need of a Business Loan?

With the right loan, you may be in position to take your business to the next level.

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  • AND A FEW

Financing a new business

Loans up to $150k

At BusinessFinancing.org, we offer business loans up to $150,000. No matter if you have been in business for many years or are starting your company in the near future, this amount of money should be enough to make a big difference.

Financing a new business

Lowest Rates

It is one thing to say you are interested in applying for a business loan. It is another thing entirely to find a lender that offers favorable terms. Until you do this, you will never feel comfortable signing on the dotted line.

Learn more

Financing a new business

Fast Funding

Are you in need of fast funding for your business? Do you need money in order to purchase equipment, hire employees, or to meet some other demand? If yes, you have come to the right place. Business Financing can assist you now.





Starting a business – solutions for your new business, Westpac, new business

Starting a business

Becoming your own boss is the chance to create a new working future. It’s the opportunity to take control of your working life, do something you feel passionate about and build new financial possibilities.

It’s also about challenge, determination, hard work and persistence. If you’re thinking about, or are already in the process of launching a business, then you might need some support and information to help you reach your business goals.

New business financing

What do I need to start?

The first steps are the biggest and you need to lay the foundation for success and understand the importance of choosing the right business structure, registering for an ABN, writing a business plan, setting up a website and putting your accounting in place.

New business financing

Funding for my business

It pays to be across the costs of setting up your business from the start. You’ll need to know what sorts of up-front costs you’ll face, especially if they involve new vehicles, machinery or equipment. There are also different financial solutions to consider.

New business financing

Managing the money

Cash is the lifeblood of business and it needs to flow effortlessly and efficiently in and out of your business. It also has to be easy for customers and suppliers to work with you and for you to take the financial pulse at any time.

Discover business product offers.

Latest business offers featured products all in one place

Business One – Low Plan

Our most popular bank account, ideal for starting a new business

Open in less than 10 minutes

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Find the right bank account to suit your business needs

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To be eligible to apply for Business One – Low Plan, your business must be registered in Australia.

General advice: This information is general only and does not constitute any recommendation or advice. It is current at the time of publication, and is subject to change. It has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on the information, consider its appropriateness, having regard to these matters. Consider obtaining personalised advice from a professional financial adviser and your accountant before making any financial decisions in relation to the matters discussed in this document, including when considering the finance options for your business.

Conditions, fees and charges apply. These may change or we may introduce new ones in the future. Full details are available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.





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Beyond the Bank Loan: 6 Alternative Financing Methods for Startups, business financing.#Business

Beyond the Bank Loan: 6 Alternative Financing Methods for Startups

Many aspiring entrepreneurs have an idea for their business but lack the capital to actually start it. Brand-new businesses are often turned down for bank loans, and even if your business is established, funds can still be tough to secure. Loans funded by the Small Business Administration are usually more accessible, but they are becoming increasingly competitive.

So what options are left for someone aspiring to be a small business owner? Here are six options beyond bank loans for financing your startup.

Online lending

Online lenders have become a popular alternative to traditional business loans. These platforms have the advantage of speed, as an application takes only about an hour to complete, and the decision and accompanying funds can be issued within days. Because of the ease and quickness of online lending, economist and former U.S. Treasury Secretary Larry Summers said at the 2015 Lend It conference that he expects online lenders to eventually reach more than 70 percent of small businesses.

Editor s note: Are you considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site BuyerZone provide you with information from a variety of vendors for free:

Angel investors

Angel investors invest in early-stage or startup companies in exchange for a 20 to 25 percent return on their investment. They have helped to start up many prominent companies, including Google and Costco. Mark DiSalvo, CEO of private equity fund provider Semaphore said, You are likely to get an investor who has strategic experience, so they can provide tactical benefit to the company they are investing in.

Find out what makes angel investors fund a business here.

Venture capitalists

Venture capital is money that is given to help build new startups that are considered to have both high-growth and high-risk potential. Fast-growth companies with an exit strategy already in place can gain up to tens of millions of dollars that can be used to invest, network and grow their company frequently.

Brian Haughey, assistant professor of finance and director of the investment center at Marist College, said that because venture capitalists focus on specific industries, they can generally offer advice to entrepreneurs on whether the product will be successful or what they need to do to bring it to market. However, venture capitalists have a short leash when it comes to company loyalty and often look to recover their investment within a three- to five-year time window, he said.

Learn more about venture capital here.

Factoring/invoice advances

Through this process, a service provider will front you the money on invoices that have been billed out, which you then pay back once the customer has settled the bill. This way, the business can grow by providing the funds necessary to keep it going while waiting for customers to pay for outstanding invoices.

Eyal Shinar, CEO of small business cash flow management company Fundbox, says these advances allow companies to close the pay gap between billed work and payments to suppliers and contractors.

By closing the pay gap, companies can accept new projects more quickly, Shinar told Business News Daily. Our goal is to help business owners grow their businesses and hire new workers by ensuring steady cash flow.

Visit BND s guide to choosing a factoring service here.

Crowdfunding

Crowdfunding on sites such as Kickstarter and Indiegogo can give a boost to financing a small business. These sites allow businesses to pool small investments from a number of investors instead of having to look for a single investment.

Make sure to read the fine print of different crowdfunding sites before making your choice, as some sites have payment-processing fees, or require businesses to raise their full stated goal in order to keep any of the money raised.

Check out some emerging trends in crowdfunding here.

Grants

Businesses focused on science or research may be able to get grants from the government. The SBA offers grants through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Recipients of these grants are required to meet federal research-and-development goals, and have a high potential for commercialization.

Learn more about applying for a small business grant here.

Additional reporting by Katherine Arline and Nicole Taylor. Some source interviews were conducted for a previous version of this article.

Jennifer Post graduated from Rowan University in 2012 with a Bachelor s Degree in Journalism. Having worked in the food industry, print and online journalism, and marketing, she is now a freelance contributor for Business News Daily. When she s not working, you will find her exploring her current town of Cape May, NJ or binge watching Pretty Little Liars for the 700th time.





Small business loans, small business financing.#Small #business #financing

Small business loans

A unique way of helping people who might not qualify for or need a conventional loan

Instead of looking at your credit history and net worth, we look at ambition, character and determination.

We look at what you can achieve through financial literacy.

Microborrowers are

  • Entrepreneurs with great ideas and limited resources
  • People looking to enter a trade or profession
  • Newcomers to Canada who need to build credit history
  • People who need to repair credit history

Microfinance can help

  • Start a business
  • Upgrade education
  • Renew certifications
  • Buy tools equipment to start working

Vancity offers two types of microfinance

Peerloans

If you are a group coming together to support each other through the early stages of a micro-business then have a look at our Circle Lending loan. Also known as Peer Lending, this loan is best suited for people in a shared community.

Circle Lending loans often support kitchen-table businesses, and are great for building local enterprise and credit histories.

If you have recently graduated from trade school or have a job offer in a new field but don’t have the cash to set yourself up with the tools or equipment required then our With These Hands loan will provide some upfront cash to launch you on your way.

If you are a newcomer to Canada and need some help getting back into your previous line of work our Back to Work loan can help.

The loan can support you with the costs of a challenge exam, or cover professional fees.

Microloans

Offered by The Island Chefs Collaborative and FarmFolk CityFolk, in partnership with Vancity, this loan of between $1,000 and $10,000 provides

funds for growers, harvesters and processors to invest in equipment and materials to increase the supply of food in the region.

If you have a great start-up business idea, an entrepreneurial spirit and a business plan then the Be My Own Boss loan may be right for you. You don’t yet need a track record, just the drive to succeed.

If you’re growing food on under 50 acres and need up to $75,000 to develop your operation, we’d like to help.

With your business plan, good character and training or experience, you’re ready to explore the Small Growers loan.

If you’re starting up or expanding your creative enterprise and need up to $75,000 to develop your venture, we’d like to help.

With your business plan, good character and training or experience, you’re ready to explore the By Design loan.

Is your business is in its second or third year of operation? Do you need capital to grow, or a line of credit to ease the cash flow challenges that often come when a business succeeds and expands?

The Next Step loan is for young, healthy businesses that don’t yet qualify for traditional financing.

Have you finished the Aboriginal Business and Entrepreneurial Skills Training (BEST) program and have a great start-up business idea or want to buy or expand an existing business?

The Aboriginal BEST loan can help get your business idea up and running.

We can provide a business loan based on your entrepreneurial drive, the strength of your idea and the potential of your business plan, instead of just your credit history and collateral.

If you are a small-business owner or start-up social enterprise, then the Microloans for Green Businesses will work for you.

If you have an offer of membership from a worker’s co-op, and you want to contribute your full membership share right away, we’d like to help.

The Work-to-Own co-op loan can help you put your equity to work right away.

Contact Vancity’s Microfinance Program Manager

Call us. Small loans can make a big difference.





Financing a New Business – CBS News, financing a new business.#Financing #a

Financing a New Business

Last Updated May 2, 2007 7:09 PM EDT

Your new business may need financing to cover the cost of equipment and other expenses before sales generate enough cash to make the operation self-supporting. There are a number of ways to obtain financing, and your choice among them will depend on your situation.

What You Need to Know What are “angel investors?”

“Angel investor” is a term for an individual investor who is willing to invest money in a business. The amount available from angels is usually much less than from venture capitalists, but angels are often willing to take bigger risks.

What is equity financing?

Equity, or shareholder capital, is the money introduced into a business by the owners. The person starting the business will normally introduce equity capital, but equity capital can also be raised from external investors, including business angels and venture capitalists. If the business is a company, the equity is invested in exchange for shares of stock. Investors also expect a portion of the business’s profit, which in the case of limited companies takes the form of dividends. Investors will also be looking for a good return when they sell their shares. Equity is best suited, therefore, to businesses that expect to grow quickly.

What is loan financing?

Loan financing is money that is borrowed from a finance company, such as a bank. Loans are repaid over a period of time, at fixed or variable rates of interest. The lender will usually require that the loan be secured by a business or personal asset. Terms can vary in length from one year to 25 years, and will usually be determined by the asset that is being financed. The interest rate will reflect the lender’s perception of the risk in providing the loan. Loan financing can be provided in different ways:

  • An overdraft is money that a business can borrow from a bank up to an agreed limit. It provides a business with short-term financing, effectively by running a negative balance on the bank account. This is a particularly good way of funding short-term requirements, such as providing working capital during the course of each month.
  • Term loans are funds borrowed for a fixed term. Usually, such loans are repayable in equal installments over the term of the loan, although sometimes they can be repaid in a lump sum at the end of the term. Term loans are more attractive than overdrafts for long-term borrowing because repayments are fixed and the cost is usually less. However, lenders are increasingly writing into the small print that term loans are repayable on demand. If the loan has been used to finance capital assets, demand for repayment could put you in a financial tight spot.
  • Credit financing is an excellent way of borrowing money, effectively at no cost. Typically, suppliers may give 30 to 60 days’ credit before payment for their goods or services is due. If you can sell your product or service and get paid before paying your creditors, the result is cash for your business. Your business may have to establish a good credit rating before credit is given, and credit can be withdrawn at any time.
  • Debt financing is particularly useful if your business is growing rapidly and is providing credit accounts to your customers. Instead of waiting for your own customers to pay your invoices within a 30 or 60-day period, you can use the services of a third-party invoice discounting or factoring firm. Factoring can be an expensive way of speeding up cash flow, but it may reduce administration costs since the factor normally takes on the role of invoice clerk.
  • Capital asset financing can be done in different ways. Finance leasing allows you to finance the use of an asset rather than owning it. The equipment remains the property of the leasing company, and your business has the legal right to use the equipment for the period of the lease, provided that the lease payments are up to date. Lease purchase gives you an option to purchase the equipment at the end of the lease period. Hire purchase means that you pay regular installments to a third party, normally a finance company, to purchase ownership of plant and machinery from a supplier. The finance company will own the equipment throughout the period of the agreement, until the last installment has been paid.

What to Do Determine Your Capital Needs

The working capital of a business is its current assets (typically stock, cash at the bank, and accounts receivable) minus its current liabilities (typically accounts payable, outstanding loans, and lines of credit drawn upon). This information is summarized on the balance sheet, although the balance sheet gives only a snapshot of the working capital requirements at a specific moment in time (generally, the financing required for the short-term).

The amount of working capital needed will vary during the course of the year and even during the course of a month. You need to allow for the maximum likely requirement. As a rule of thumb, aim for minimum working capital of a month’s average sales multiplied by the number of months it takes to collect payment. If you want to be more accurate, follow these steps:

  1. Determine the average number of weeks that the raw material is in inventory.
  2. Deduct from this figure the credit period from suppliers, in weeks.
  3. Add the average number of weeks to produce goods, the average number of weeks finished goods are in inventory, and the average time customers take to pay.
  4. Divide the total by 52 (the number of weeks in the year). Multiply the result by your estimated sales for the year, and the answer will be the required maximum working capital.

It would be more accurate to use the cost of sales (direct and fixed), rather than the full selling price, but the above calculation is accurate enough for most purposes. If your business is growing, use the budgeted sales figures and calculate your working capital needs on a regular basis.

Manage Your Business’s Leverage

Leverage is the proportion of debt to total capital in the business. The more debt there is relative to equity, the higher the leverage. Introducing more equity or retaining more of the profits can reduce the leverage ratio. Most banks look for a leverage of no more than 50 percent; in other words, your debt should be no more than half of the total capital.

Once you have built up a track record with your bank, you should be able to obtain medium-term loans (three to seven years) to cover the cost of plant and equipment. Established companies may be able to raise long-term debt as a debenture or convertible loan stock, which normally receives a fixed rate of interest and is repayable in full at the end of the term. Long-term debt is usually included with the capital on the balance sheet. The banks will also be more comfortable with a higher leverage but not too high. Companies that provide lease purchasing or hire purchasing will not have as great a concern about leverage as will banks, but these firms will be concerned about your cash flow and whether you can afford the repayments.

If you expect to grow quickly and do not have enough of your own money to provide the necessary financing, then you may need to look for equity early on. Banks will be reluctant to keep on providing working capital that simply increases the leverage and, thus, increases their risk. Growing too quickly is a major cause of business failure. The banks will also want to reassure themselves that you can afford the interest on the loan, so they will look for profits that are at least three or four times the expected interest charge.

What to Avoid You Don’t Plan for Financial Needs

Regularly calculate the total level of funding required for the next year, and split the funding into fixed-asset requirements and working capital requirements. When considering financing, think carefully about the term, cost, suitability, timescale, and security required. Remember that cost should not be the sole criterion for choosing financing. Keep your lenders informed of your financial position, giving ample warning if you are likely to need to increase your loan amount, for example.

In times of recession, keep as much of your debt as possible as fixed medium-term loans, and draw only minimally on your line of credit. In times of expansion, when financing is more readily available, it may be more cost effective to use a line of credit.

Where to Learn More Books:

Alterowitz, Ralph and Jon Zonderman. Financing Your Business Made Easy . Entrepreneur Press, 2006.

Fullen, Sharon. How to Get the Financing for Your New Small Business: Innovative Solutions from the Experts Who Do It Every Day . Atlantic, 2006.





Small Business Financing, TD Canada Trust, financing a new business.#Financing #a #new

Small Business Financing

7:00 a.m. – 12:00 a.m. EST

Financing a new business

Helping you start, purchase or grow your business

How to apply

Visit your local

TD Canada Trust branch

Government Grants for Small Business

With a Canada Small Business Financing Act Loan (CSBFL), TD Canada Trust and the Government of Canada work together to help you with the financing of your existing business or start-up. A CSBFL can help you get the loan you need to expand, purchase, or improve the fixed assets within your business.

Features of the CSBFL include:

  • Loan amounts available up to $1,000,000 1
  • Financing available for up to 90% of the “Eligible Costs” 2 of assets financed
  • Monthly repayment frequency with a choice of terms, up to a maximum of 10 years. A repayment schedule reflecting an amortization of up to 20 years may be available 3
  • Competitive fixed and floating interest rates are available
  • Personal guarantee required, starting at 25% of the loan amount 4
  • Loan may only be used for certain purposes
  • One-time Federal Government registration fee of 2% of the loan amount (which may be included in the amount borrowed)
  • A 1.25% Administration Fee is included as part of your interest rate
  • Standard TD Canada Trust Set-up fees apply

Do you qualify?

Here are some of the government’s requirements 5 for a CSBFL:

  • Your business operates or is about to operate in Canada
  • Your business’s annual gross revenue is less than $10 million in the year you apply
  • Your business is for profit, and is not a farm, charity, or religious enterprise
  • The assets purchased or improved must be used in your business




Business Financing, financing a business.#Financing #a #business

Financing a businessCEI

  • Home
  • Financing
  • Business Financing

CEI and its subsidiaries offer business and project financing and technical support for a wide range of small business, community facilities, renewable energy, affordable housing and mixed used real estate projects and ventures. With flexible business financing, loans, investments, rates and terms, CEI is able to leverage its capital with banks and other sources.

Since its first major investment in 1979 in a value-added, community-owned fish processing facility in midcoast Maine, CEI has provided $1.27 billion to 2,649 businesses, natural resource industries, community facilities, and affordable housing in Maine, the Northeast, and throughout rural America, leveraging over $2.55 billion in high impact, job-creating and sustainable economic development projects and enterprises.

CEI financing opportunities include:

  • Direct loans to start-up, existing and growing small businesses in Maine and beyond, in amounts ranging from $5,000 to $3,000,000. To view our business financing brochure, please click here.To obtain an application for a loan, please click here.
  • Venture capital investments in small businesses located in New England and the mid-Atlantic region. Investments range from under $500,000 to over $1 million.
  • New Markets Tax Credits are available for investments in targeted distressed communities in Maine, Northern New England, and upstate New York. Select projects with high 3E impact will be considered in other parts of the country. Tax credit investments range from $2 million to $30 million.
  • Affordable Homeownership, Rental and Supported Housing with loans and development capital from under $500,000 to over $2 million.
  • Equity
  • Solar project investments in communities with low to moderate incomes, providing good jobs and clean energy

Find out more by calling 207-504-5900.

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Canada Small Business Financing (CSBF) Loan – RBC Royal Bank #business #opportunities

#small business financing

#

Canada Small Business Financing (CSBF) Loan

This federal government guaranteed loan provides the financing you need to get a business started or help an existing business grow. The CSBF Loan is designed to help businesses purchase, install, renovate and modernize business equipment and other fixed assets.

How can this help my business?

  • The Canada Small Business Financing Loan can provide a Canadian business with up to $1,000,000 in financing for the purchase of land or business premises ($350,000 for leasehold improvements and equipment)
  • With assistance from the federal government, businesses can support their financing requirements without using personal assets as security
  • Term loans extend financing assets not normally covered by traditional financing options, for example, leasehold improvements

What else do I need to know?

  • If the loan is for the purchase of premises, 50% of the floor space must be for your business activity
  • Current fiscal year gross revenues must not exceed $10,000,000
  • The maximum value of all CSBF Loans an independent small business may have outstanding with all lenders (including RBC Royal Bank) cannot exceed $1,000,000 ($350,000 for leasehold improvements and equipment)
  • Applications must be submitted with a business plan which includes financial statements or projections
  • Eligible purchases made within the past six months can be financed
  • Loan terms are generally 7-10 years depending on the asset being financed
  • Maximum interest rate on variable rate loans is Prime + 3.0%, fixed rate loans is Residential Mortgage Rate + 3.0% which includes an annual administration fee equal to an annual rate of 1.25% which is payable to the government
  • A one-time up front government registration fee of 2% of the loan amount is payable to the government and can be added to the loan principal
  • Business Loan Insurance Plan is available (certain conditions may apply)

To find out more information:





Small Business Loan – Business Financing #business #simulation #games

#business loans

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Financing

Working Capital Finance: Loans for your day to day business needs

Innovative financing designed to fuel your business

Managing finance is unarguably the most important component of any business. For SMEs, timely finance is the key to making the most of business opportunities. Keeping this in mind, we at ICICI Bank have designed a package of loans to best suit their business requirements.

Term Loans: Invest in your business

Fund your expansion and asset purchases

Avail ICICI Bank s Term Loans to make long term capital investments, whether in plant and machinery or commercial assets.

Customised Solutions

Get loans to match your specific needs. Our tailor made loans for SMEs let you choose the option most convenient and suitable for your business.

Loans for New Entities

The initial period is most difficult for a new business startup. Get working capital, cash credit facility and other loans from ICICI Bank after just a year of operations.

Collateral Free Loans

Get cash credit and term loan through a government backed CGTMSE loan up to Rs. 1 crore

Loans without Financials

Business loans based on past transaction history

Finance for Importers Exporters

Get Export Finance, Letter of Credit, Bank Guarantees and foreign currency loans to support your business.

Loans for Schools and Colleges

Grow your educational institution with our Working Capital and Term Loans.

Secured Loan for Merchant Establishment against credit card swipes

Get loans of up to Rs 2 crore against your credit card receivables.





Financing a business guide #business

#financing a business

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Financing a business guide

Table of contents

Business planning

Securing financial assistance to start your new business is directly related to the strength of your business plan and the research that you do. To be considered for funding from financial institutions or investors, you must demonstrate that you understand every aspect of your business, and its ability to generate profit.

What is a business plan?

A business plan is a written document that describes your business objectives and strategies, your financial forecasts, and the market you are targeting. Preparing your plan will help you focus on how to run your new business with the best chance for success.

For copies of sample business plans call us at:
1-888-576-4444

Market research

To run a successful business it is helpful to know who your customers are, what they want and how to reach them. You can go directly to your customers for answers (primary market research), or you can use information that already exists (secondary market research).

CBO can help you with your secondary market research. Contact us directly for:

  • information about business associations, manufacturers, suppliers and competitors
  • articles about consumer, business and industry trends
  • Canadian consumer spending statistics and demographic data for market research
  • sample business plans
  • international trade data

The secondary market research service is offered free of charge and is available for people at any stage of business in Ontario.

Note: Research requests may take up to seven business days to complete.

Business advisory services

Find information about Ontario’s small business community, attend seminars, and access business publications at various in-person locations across Ontario.

Services vary based on regional needs, so we suggest you call ahead or visit your local office s website for more detailed information for your area.

Financing programs

There are many different ways to finance your business. Canada Business can help you find government programs that are available in Ontario.

Common sources of business financing include:

The Canada Small Business Financing Program (CSBFP)

By sharing the risk with your financial institution, the CSBFP may help you get up to $1 million to start, expand, modernize or improve your small business. To be eligible your business should have annual gross revenues of no more than $10 million.

You can use the loan to finance the cost of purchasing or improving fixed assets. For example, you could finance:

  • buildings and land
  • commercial vehicles
  • business equipment
  • leasehold improvements for a franchise

You cannot use the loan to finance items such as:

  • working capital
  • inventories
  • franchise fees
  • research and development

To apply for this program, contact an approved bank, caisse populaire or credit union. The lending institution has the final say on the loan approval.

The Business Development Bank of Canada (BDC)

If you can demonstrate that your business has realistic sales potential, you may be eligible for financing and management services from the BDC, Canada s bank for business. Learn about a variety of programs for business, including:

Ontario Community Futures Development Corporations (CFDCs)

You may be eligible for a loan of up to $150,000 to start or grow your business in Northern Ontario or in rural areas of Southern and Eastern Ontario. CFDCs provide financing to help new or existing businesses with start-up, expansion or stabilization plans that help maintain or create jobs. You can also take advantage of several business support services, including:

  • business advice, counselling, information and referrals
  • business planning
  • export support
  • entrepreneurial training

Please note that services vary based on regional needs. We suggest you call ahead or visit your local office s website for more detailed information for your area.

Futurpreneur Canada Start-Up Program

You may be eligible for a loan of up to $15,000 from Futurpreneur Canada.

To be eligible, you should:

  • Be between the ages of 18 to 34
  • Create a business plan for a business that will employ you full time
  • Work with a mentor for two years
  • Own at least 51% of your business

If you are approved for funding from Futurpreneur Canada, you may also be eligible for additional funding of up to $30,000 through a special partnership with the Business Development Bank of Canada (BDC).

For more information or to apply for the loan, visit the Futurpreneur Canada website or call them to find the nearest office.

For applicants aged 35 to 39, you can also apply through Futurpreneur Canada and work with one of their mentors, but your financing terms and conditions are from BDC for a maximum loan of $45,000.

Financing search tools

To search for other financing programs, visit the Canada Business website. There are programs that apply only to businesses in Ontario, and others that are available across Canada. Use the search tool or browse by type of financing.

Municipal business programs

Your local municipal office may offer financing and support for your area. You can find the number for your municipality on the Association of Municipalities of Ontario website. Contact them directly to find out what is available in your area.

You can also find books, magazines and other relevant print material at business service organizations in your community. To locate a Canada Business Ontario (CBO) community partner, contact us at 1-888-576-4444 .

Supplemental content

Related Topics

Business planning FAQs Find the answers to questions often asked about preparing a business plan. Sources of private sector financing Find out about the debt and equity financing available from the private sector for your business needs. Financing from non-government organizations There may be not-for-profit or community-based organizations that can offer you financing or direct you towards financing.

Date modified: 2016-01-28





Same-Day Franchise Financing Up To $250K #government #grants

#franchise loans

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Franchise Financing

Looking for an easier way to get financing for your franchise? You ve come to the right place. Balboa Capital is a leading direct lender that specializes in franchise financing. We can structure and deliver a flexible, affordable solution that works within your budget. We make the entire process quick and efficient, and you will work with a single point-of-contact every step of the way. If you are purchasing new furniture, fixtures and equipment (FF E), starting the re-imaging process, or launching a property improvement program (PIP), we can help.

  • Financing Plans Up to $1 Million Per Owner/Operator
  • Franchise Working Capital Loans up to $1 Million
  • Credit Lines up to $500,000
  • Up to 70%/30% Soft Cost/Hard Cost Financing
  • 24-60 Month Terms
  • Up to 84-Month Terms for Acquisition Financing and Remodels
  • Easy Application Process
  • Competitive Rates
  • Fast Funding
  • Possible Tax Deduction Ask Your Accountant




Government grants and financing – Canada Business Network #business #loan #rate

#business grants

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Government grants and financing

Government departments and agencies provide financing such as grants, contributions, subsidies, and loan guarantees. Find out what type of government financing may be available for your business. Use the search tool or browse by type of financing.

Browse government financing by type

Explore opportunities to receive public funds to help springboard your business venture.

Examine these loans and other borrowing possibilities for your new or existing business.

Having trouble securing a loan for your business? A government-backed loan guarantee could help you attract creditors.

Looking for more return on your business expenditures? Browse potential tax benefits that could help reduce overhead.

Are high wage expectations making you reluctant to put up that Help Wanted sign? A wage subsidy program can put the perfect employee within your reach.

Searching for a long-term financial solution for your business? An equity investor may be willing to bank on your potential.

Date modified: 2016-05-05

Secondary menu





Government grants and financing – Canada Business Network #small #business #consultant

#business grants

#

Government grants and financing

Government departments and agencies provide financing such as grants, contributions, subsidies, and loan guarantees. Find out what type of government financing may be available for your business. Use the search tool or browse by type of financing.

Browse government financing by type

Explore opportunities to receive public funds to help springboard your business venture.

Examine these loans and other borrowing possibilities for your new or existing business.

Having trouble securing a loan for your business? A government-backed loan guarantee could help you attract creditors.

Looking for more return on your business expenditures? Browse potential tax benefits that could help reduce overhead.

Are high wage expectations making you reluctant to put up that Help Wanted sign? A wage subsidy program can put the perfect employee within your reach.

Searching for a long-term financial solution for your business? An equity investor may be willing to bank on your potential.

Date modified: 2016-05-05

Secondary menu





4 Financing Options You Haven – t Discovered #current #business #news

#business financing options

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4 Small-Business Financing Options You’ve Probably Never Heard Of

Financing is one of the great conundrums of entrepreneurship: For the first few years, your small business’s income may be uncertain and its credit unestablished, yet you need to invest in inventory, facilities, and staff to establish a solid presence and a revenue stream.

Finding a traditional lender who will essentially take a chance on your company can be tough. So, many startups are turning to alternative financing options. such as peer-to-peer lending and online pawn shops.

Did you know that other sources of capital are available, too? Here are four small-business financing options that you’ve probably never of.

Are you an online seller (through Amazon, eBay, Etsy, Shopify, or Yahoo) who needs cash to purchase inventory? Kabbage may help you score a six-month advance of $500 to $50,000 in fewer than seven minutes. Kabbage determines whether you qualify for its merchant advances based on your social media popularity. reputation on e-commerce sites, and analytics from vendors you use to run your business (including Intuit QuickBooks Online ).

The more Kabbage can verify what your shop is all about, the better your chances of securing funding. Because the money is a “merchant advance” and not a loan, there aren’t any interest rates. But you should expect to repay what you are advanced in equal monthly transfers, plus 2 to 7 percent of that amount, based on your “Kabbage score” and revenue, until the amount you borrowed is repaid in full.

Guidant Financial’s iFinance provides a means for small-business owners to use their tax-deferred retirement savings for startup investments, while eliminating some of the penalties that accompany early withdrawals. This “rollover as business startup” funding may be used for activities such as buying a franchise, building a storefront, or purchasing equipment.

Because you’re using your own money to invest into your own business (vs. taking out a loan), you won’t pay any interest. However, you do risk losing your retirement savings if your business doesn’t perform as expected. To facilitate the complex transition, which takes about a month to complete, Guidant establishes a corporation for the small business and a 401(k) account for it. Once that’s done, Guidant rolls your existing retirement assets into the account, essentially making the 401(k) a shareholder in your business.

If your small business has logged at least a year’s worth of revenue, On Deck Capital uses your company’s cash flow and positive payment history — vs. a credit score — to determine its loan-worthiness. With an online application process that takes about 15 minutes to complete, On Deck offers loans with repayment terms ranging from three to 18 months, and it can fund loans of less than $25,000 in about an hour.

Although the loan may be secured with a lien on your business assets, repayment takes place daily via an automatic transfer in fixed amounts. Because positive repayment of On Deck loans are reported to the credit bureaus, borrowing can help you establish a business credit history.

If you know you’re capable of great entrepreneurial achievements, but need investors to fund your “big break,” Upstart — a crowdfunding platform founded by ex-Googlers — could be the answer. Though you can ask for funding based on a specific business idea, Upstart is founded on the idea of investing in a person’s potential; investors each contribute small amounts to provide a person with the capital and mentoring he or she needs to make future goals reality.

In return for funding, an individual shares a small portion of his or her personal income for 10 years. For example, Trina Spear, a Tufts University and Harvard Business School grad, secured $20,000 and mentorship through Upstart to co-found a medical apparel company, FIGS Scrubs. In exchange, she’ll repay the loan with 1 percent of her pre-tax income over the next decade. She intends to use the money to pay her student loans while raising the $1 million venture capital money needed to fund her startup.

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