Small Business Funding – Personal Unsecured Loan Interest Rate, small business funding.#Small

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More Than 15 Small Business Funding Resources for You, small business funding.#Small

More Than 15 Small Business Funding Resources for You

Small business funding

Most small business owners can identify with the challenges of getting financing for their business or funding for a new product. There s no short, easy road to funding, most of the time, but these small business funding resources can help.

Kabbage

Kabbage has to be the most unique small business funding source found recently. They have created a powerful platform that, in my understanding, is creating a real-life look at how your business is doing to help you grow it.

They don t only look at credit scores, as so many traditional lenders do. They look at things like your Paypal, Ebay, Amazon, or Intuit QuickBooks account to figure out if you qualify and how much of a credit line you can receive. It is impressive.

Kiva Zip

Another innovative program and approach is found with Kiva, the microfinance platform. Etsy wrote about it. There is official information about zero interest (0%) with the Kiva Zip program (in Alpha, not even in Beta), and success stories on the main page.

The Lending Club

The Lending Club is a name that many consumers and business owners have heard before, but it is a site worth checking. Their peer-to-peer approach has taken the banking world by storm and it looks likely to continue in the business loan sector.

SmartBiz SBA Loans

SmartBiz SBA Loans ($5,000 $150,000) is a small business lender, but one that promises a much better process than traditional banks, on SBA type loans. If you ve ever gone through the SBA formal process, you know that it is rather comprehensive.

Funding Circle

Funding Circle has a large UK presence as well as a US site. It is an online marketplace for small business loans. The site explains you can find out in approximately one week if you qualify for a loan.

MultiFunding

Ami Kassar CEO of MultiFunding has a useful website on how the different funding options work and his consulting brokerage serves as a matchmaker for businesses that need more than just the best rate and need help with more complicated loan options.

OnDeck and BoeFly

Here are a couple of other small business loan providers that are promising an easier process, lower rates, and other options that might make their loans more appealing to you. OnDeck and BoeFly.

QuickBooks Financing

QuickBooks Financing has a site dedicated to helping you find the right financing. It is a matching engine that allows their selected lenders to provide you with the right loan. I m presuming it also uses some of your QuickBooks data, but I m not certain of that as I did not submit data on the form.

Wells Fargo and SBA Bank of America

There is no shortage of traditional lenders where you can walk into a branch and talk to someone about an SBA loan, so I would be remiss for not including at least a couple that I believe in. The Wells Fargo small business loan page offers a range of good information. And the SBA Loan page at Bank of America may help you sort different SBA options.

Factoring

If you have ever considered factoring, where you get financing based on your receivables, then I recommend this guide from RTS Financial, Your Complete Guide To Factoring.

PayPal Working Capital

PayPal Working Capital lets you pay your loan back as you get paid. A factoring method, of sorts.

Chase Mission Main Street Grants

One of my favorite places to look for less traditional financing options is the Small Business Events here on Small Business Trends. I used it to help compile this list, so I know there are some great funding options, often awards or contests, worth considering. This Chase Mission Main Street Grants is a terrific example. There is new information on the 2014 program.

Government Grants

You may need help to understand if a Government grant is worth pursuing. There are some large scale federal programs that pass funds through to universities and other nonprofit type institutions where you can sometimes find just the right help for your company.

City and State Level Resources

As I mentioned above, there are many city and state level resources, but too many to explain. If you search for your city or state combined with economic development, small business funding, and other related terms, you may find a niche program that serves your needs.

Here is a page from the Nevada Small Business Development Center where you ll get an idea of what you find at the state level. There are community-focused programs, as an example of a city program, for the Philadelphia area, Loan Programs City of Philadelphia Business Services Center. Scroll down through the long list to find the smaller loan amounts.

Opportunity Finance Network

Opportunity Finance Network (part of Goldman Sachs 10,000 small businesses initiative) is a big initiative sponsored by Goldman Sachs. The goal is to help educate business owners on a wide range of topics, to give you the best chance for success, in addition to access to capital. You must have an established business, with revenues.

There are plenty of sites that offer business loans too many to try and list. There are resources at the State and City level, depending on where you live, that can help you financially. There are also lists of USA State websites that offer resources or details around funding and details available on what it takes to qualify for a small business loan as well as sources of start-up funding.

We welcome you to list resources in the comments. We want to see the path to funding get easier, more transparent, and understandable for small business as a whole and we hope these resources do that for you.

If you have discovered a great resource that can help a small business owner find financing or a grant, please share it below.





The Business grants and funding available to UK small businesses, small business

Government Grants

The government grants section has a wealth of articles and advice on how UK small businesses can get a grant from both the public and private sector, along with helpful guides on the different types of business grants and funding available to business owners starting and running a business.

A small business grants guide for 2017

Here, Peter Fleming takes a look at a range of options for funding your business through grants this year.

There are many European and UK-wide government business grant schemes; there are also local business funding schemes provided through Local Enterprise Partnerships (LEPs) or through local authorities and organisations such as the Chambers of Commerce. However there were 512 registered schemes at the last count! So a good place to start your research is on the government website.

Business grants are available at a local and national level and usually sector specific. They offer between £1,000 and £100,000 for SMEs, but funds can be unlimited for larger businesses within EU state aid programmes.

With grants you don’t pay the money back. However, it’s worth noting there will be clawback terms if you falsify claims in respect to expected outputs set by the grant scheme. Therefore, ensure your application is captivating and thorough as it will go through a due diligence process.

Normally there are two stages, submitting an Expression of Interest (EOI) to ensure your business and grant application meets the scope of the grant call and then a full application process whereby you will need to supply, market research, a business plan and at least 1-3 years of financial forecasts.

Throughout the process, you will need to justify there is additionality i.e. not just the reason why you need funding, but by obtaining a grant, how many new jobs you will create, if you’re opening up new markets or export opportunities or that your idea could be a game changer.

It is always worth getting a second opinion regarding the feasibility and strength of your application against the grant objectives and any regional strategic economic plan. Therefore speak to your accountant, a local business adviser or the Growth Hub.

The larger grant opportunities can be competitive and therefore be a long-drawn-out process, taking several months in some cases to receive just an offer. So if you are looking for subsidies and money quickly a grant may not be the right solution for your business.

It is also worth noting if your application is successful, grant moneys are not paid upfront but claimed normally at the back end of the project or even after any intervention is completed.

Therefore you will need to use your own cash reserves and any other funding prior to drawing down the grant money. I have even known businesses take out bridging loans till they have received their grant funds.

Some key areas of your business whereby you could access business advice or a grant;

Business advice and support, whether you are pre-start, a new start or an established business, there are regional Business Growth Hubs across the UK whereby you can obtain free or funded advice. You can normally obtain specialist support to devise a business growth strategy, do market research to create a sales and marketing plan, implement social media management or even get advice on how to apply for further funding.

Note each UK region may have a focus on specific business sectors, business sizes and locations, as eligibility can be even post code specific.

Skills and development government grants

The Skills Funding Agency oversees the current apprenticeship scheme, however on May 1st 2017 the new Apprenticeship Levy scheme starts whereby your business could access subsidised training and development to upskill existing employees to even Master’s degree level.

Many regional Universities, Colleges and further education organisations will be offering a multitude of subsidised short courses or funded degree level programmes which will help you develop your existing staff to be the managers and directors of the future.

If your business is within a rural development area and looking to grow, invest in infrastructure, machinery or seek specialist advice to diversify. Or if your business is involved with forestry and land projects the government have a scheme called LEADER managed through Local Action Groups.

The Carbon Trust Green Business Fund is a new energy efficiency support service for small and medium-sized companies in England, Scotland and Wales.

It provides direct funded support through energy assessments, training workshops, equipment procurement support and up to £10,000 capital contribution towards the purchase of energy saving equipment.

Manufacturing is an area which is increasingly supported through grant schemes. Therefore if you manufacture textiles, specialist tooling, operate in the digital market, within the nuclear supply chain or need support for international trade, or manufacture in many other sectors, there is likely to be a grant scheme that your business can access.

Innovation, Research and Development

Innovate UK, offers support and funding to help businesses develop new products and services and bring them closer to market, this may be to bring people together to share ideas, tackle challenges and make new technological advances.

They targets technologies and areas with the greatest scope to improve business, the economy and society.

Local Enterprise Partnership

For anyone looking for grants at the moment, the go-to people will be their Local Enterprise Partnership (LEP). One of the main functions of the LEPS is to generate economic growth and so many have their own grants programmes.

In addition, most provide some form of business support and advice. As part of the business advice service they collate information on local and national grants and will signpost business owners to the relevant organisations.

Another great source of information is the government ‘Business is Great’ website which has a page dedicated to a number of funds to support innovation.

There is also is an EU tool which does a better job than anything I’ve seen of clarifying what finance is available across the EU including although is does require some persistence in searching to get to the information.

For companies and individuals with ground breaking research which may require significant funding there is also Horizon 2020:

Grant funding is not for everyone but could give your business the boost it needs. Proper preparation, thorough research, getting professional advice and being able to clearly explain why you require your grant funding is more likely to lead to a successful application. And, as a result, help you obtain the financial support for a better, bigger and more profitable business for you.





Small Business Loans, Shield Funding, business funding.#Business #funding

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Shield Funding offers a variety of Business Loans for small business owners. Our business funding programs feature competitive rates and flexible terms. Get your business loan today! Call for a free quote (888) 882-6117 or Apply Online

Shield Funding Business Loans

Our company is one of the largest and well respected sources of capital in the country. We have assisted thousands of small business owners in their pursuit of financing and because of our experience and resources we get business owners the capital they need when most lenders cannot. Traditional financing programs and many private lenders have a very long and difficult approval process that far too often ends in a denial. Our business loan application process is fast and easy and we have very high approval rates.

The reason our loan programs are so successful is because we do not require great credit or collateral, impressive tax returns, lofty profit and loss statements, and we do not have unattainable debt-to-income requirements. We help businesses get approved for small business loans based on a company’s financial strength and potential. What this means is that if you have an existing business that generates monthly gross revenues you are likely eligible.

At Shield Funding we make applying for, and receiving a small business loan relatively simple. We have an easy to complete online application to begin the process or if you prefer we can take your application over the phone. The typical approval process is about 24 hours and funding can occur within the same week that you apply. Get the working capital you need to grow your business with a company you know you can trust.

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Small Business Loans

Shield Funding offers small business owners a fast and easy way to obtain small business loans. All of our loans are unsecured so there is no need for collateral, and we offer very competitive rates and terms for borrowers at all credit levels. Our business loans are a great alternative for small business owners that do not meet traditional financing requirements or for business owners that want to avoid the long and drawn out process involved with obtaining a loan from a bank.

Bad Credit Business Loans

Our bad credit business loans are a great opportunity for small business owners that need business funding to meet short term financial obligations but have a very poor credit profile. Our main requirement is that you have an existing small business that has generated monthly revenues for at least two months. These business loans for bad credit are unsecured, there are very few documents needed for an approval, and business funding can occur in a matter of days. Learn more about bad credit business loans.

Merchant Cash Advance

A merchant cash advance with Shield Funding is an excellent way for merchants to get immediate funding for their business. We offer competitive rates for both good and bad credit borrowers, payment terms are flexible, and the approval process is extremely fast. This is a very low document business loan alternative that only requires a small business borrower to accept credit cards from their customers for a period of at least two months.

Business Loans for Women

At Shield Funding we are a leading resource for small business loans for women. This program was established to support female entrepreneurs that want to improve or expand their company. The application process involves a small amount of paperwork, both good and bad credit applicants are eligible, and the only major requirement is that the small business has a female owner or partner and the company is currently generating revenue for two months.

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Business funding

Shield Funding offers a variety of Business Loans for small business owners. Our business funding programs feature competitive rates and flexible terms. Get your business loan today! Call for a free quote (888) 882-6117 or apply online.





Fundable, Crowdfunding for Small Businesses, business funding.#Business #funding

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Small Business Funding In South Africa, Entrepreneur, small business funding.#Small #business #funding

Small Business Funding In South Africa

For many entrepreneurs, the minute they realise they need small business funding, they automatically panic and wonder, “How on earth am I going to get funding?”

The good news is that there are a number of ways you can get funding for your small business if you know where to look and do the right preparation.

How small business funding differs from big business funding

Basically, it’s a matter of scale. A small business isn’t likely to require R100 million in finance.

A small business can get started on as little as R1 000 – and with profits put back into the business – can grow organically and rely very little on external funding.

The other difference pertains to size in another way: Big business tends to refer to corporate entities with shareholders, boards of directors etc., while small business tends to refer to privately owned and operated business.

Small business funding

The dangers of running your business finances through your personal account

Say you want to start a small business crafting wooden furniture and you can buy most of the equipment on your credit card. In one way, it’s the quickest and easiest way to get going, but running your business finances through your personal accounts come with risk.

Not separating your business from you personally sets you up for legal liability. If, for example, you default on credit card payments or fall into debt, your personal assets can be seized over and above your business assets.

The other risk is that of keeping clear records and distinctions of which expenses are business and which are personal. This can lead to tax complications come tax season and you can incur fines that can close your business.

Having a separate account for your business also lends credibility to it, and in the event you require finance from a bank, your clear financial documentation will aid the bank in assessing whether to grant you a loan.

Why a clean credit record is so important to small business funders

In order to qualify for grants or loans, the lending facility needs to assess whether you’ll be able to repay the loan, and your credit record is their way of checking. Even if you’re starting a brand new business, if you have a tarnished personal credit record or are blacklisted for bad/non-payment, your ability to borrow will be negatively affected.

Every South African is entitled to a free credit report once a year. You can learn more about about your credit record through credit bureaus like TransUnion.

Small business funding

Various small business funding options available

If you’re not in the position to self-fund through use of personal credit and/or savings, you can investigate these following ways to get small business funding.

Small Business Funding Option 1: Angel Investment

An angel investor is typically a wealthy professional who is able to provide you with start-up capital in exchange for equity in the business or a fixed percentage interest on the loan. Angel investors can be individuals or form angel networks in order to distribute risk.

Angel investors can be hands-off, not wanting to be part of the business, while others may want to be involved in decision-making and/or act as a business mentor.

A rookie mistake made by many is to enter into verbal agreements with angel investors without terms and conditions written and signed by both parties. Without a contract in place, conflict can arise; an investor can withdraw their funding, and the business’s future can be jeopardised. Make sure whenever finance is involved, there is a written agreement in place.

Small Business Funding Option 2: Bank funding

If you choose to approach a bank for finance you need a number of things in place before you approach them.

First is a comprehensive and fully understood business plan complete with financial projections. You also need to provide a full set of financials for them to examine. Then you need to understand the kinds of loans available and which kind is best suited to your needs.

If, for example, you need to buy equipment which devalues with age and use, it’s not advisable to take a long-term loan where you’ll be paying for it long after it’s served its lifespan.

Bank Finance Options for Small Business:

  1. Overdraft – is ideally suited to managing cash flow.
  2. Business revolving credit – this is a line of credit available as and when it is needed and repayments are typically fixed monthly instalments. The original limit is usually restored after a set percentage has been repaid.
  3. Medium-term loans – are ideally suited for capital expenses and repayable for a period of two to seven years, but can be longer. Interest and repayment tend to be linked to prime, how much collateral you have, and the value of the asset you need finance for.
  4. Business mortgage / Property finance – in the event you wish to buy or renovate property for your business or convert part of a residence into office space, this is the loan to investigate.
  5. Vehicle and asset finance – Whether it’s a vehicle or specialised equipment required, talk to your bank about vehicle and asset finance to determine whether its terms are suited to your business.

Small Business Funding Option 3: Crowd Funding

Relatively new to the scene, crowd funding is an exciting way to gather finance. It works in a similar way to angel investment, except many individuals are able to pledge varying amounts to the business in exchange for equity, interest, or other more creative returns.

As an example, new products, music albums and films have been crowd funded in exchange for early releases, while restaurants have named menu items after benefactors.

Typically, however, a product or service is pitched and uptake in funding helps determine whether there is demand for it, and first releases help fine-tune it.

South African crowd funding platforms include:

The top international crowd funding platforms include:

Small Business Funding Option 4:

Funding for Previously Disadvantaged Individuals (PDIs)

Small Business Government Grants and Loans

The government is involved in small business development by providing funding to previously disadvantaged individuals. These can take the form of grants, loans and tenders.

A government loan, like a loan from a financial institution, is given to an approved business that is required to repay the loan. It usually has more lenient repayment schedules and interest rates.

A government grant, by comparison, does not require repayment by the awarded business. The South African Department of Trade and Industry (DTI) has a number of initiatives designed to improve business activity for previously disadvantaged individuals, women and youth. You can read more at www.dti.gov.za SMME development financial assistance. Any business wanting to gain access to grants or funding needs to be BEE accredited and have a tax clearance certificate.

Enterprise Development (ED) Funding

This form of government mandated funding is devised as a means to create more jobs in South Africa through business development, and enterprise development is one of the elements of the BEE scorecard. Large corporates are required to pay towards enterprise development or use an Enterprise Development beneficiary in their business supply chain as part of their BEE scorecard.

How a small business benefits from ED funding is by enrolling in a corporate’s ED empowerment programme that can include mentorship, incubation, becoming procurement ready, how to be commercially viable and sustainable, etc.

Small Business Funding Option 5: Bootstrapping your Small Business

If you’re not drawn to the previous examples of funding, you can bootstrap your business. Fundamentally it’s starting and growing a business without external help.

This is achieved through getting operational as quickly as possible; keeping fixed overheads as low as possible – even if you have to work in your childhood bedroom or understaff; reinvesting profits into the business; and keeping growth in check by maintaining steady growth over explosive growth.

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Business Funding, Business Financing News, funding for business.#Funding #for #business

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Small Business Loans – Over 4,000 Sources

5 Common Business Credit Card FAQs

Signing up for a business credit card can be very fiscally beneficial to your growing company. Before submitting that application, however, you should become familiar with five of the most frequently asked questions about business credit cards. 1. Can a startup business qualify for a business credit card? Yes, startup companies are eligible for credit cards as soon as they are officially established. In order to qualify, credit card lenders will use the owner’s personal credit score and income. 2. [ ]

8 Sources of Funding for Small Businesses

Finding enough cash to get your small new business started or keep it running can be one of the biggest challenges you face as an entrepreneur. Here is a list of 8 different sources of business funding that can save your company’s future: 1. Friends and Family Before you groan at the idea of hitting up your loved ones for cash, you should know that friends and relatives are one of the most common sources for startups. No one knows you or believes in you more than this crowd. And they may be [ ]

What is the Small Business Adminstration’s SBIC Program?

One of the major aims of the Small Business Administration is to provide access to working capital for qualified new and growing companies. The SBA does not directly lend money to entrepreneurs however. In addition to its SBA loan program, it also offers a venture capital system called the Small Business Investment Company (SBIC.) Here’s what you need to know about this program: The SBIC was established in 1958 by Congress in order to get more financing to growing businesses. It allows [ ]

How to Create the Perfect Business Equipment Loan

Adding new, updated equipment is often the best way to keeping your small business at the forefront of competition while simultaneously increasing your profits. New equipment can be very expensive though, requiring your company to seek business loan funding. While securing small business financing can be tricky, doing a little research can help you put together the right loan package for your firm. The first step is to determine your loan needs. How much money do you need to borrow? How quickly [ ]

3 Things You Must Know to Acquire Expansion Financing

Every small business owner looks forward to the day his or her company takes off and has more demand than supply. You might need to pay for more inventory or marketing for gaining new customers, or in other cases you may be ready to buy out the competition or merge with another firm. When that day arrives, it is smart to be prepared with a source of expansion financing – in other words, a way to pay for that quick growth. Here are three things to know to help you know when and how to secure expansion [ ]

Using a 504 Loan for a Commercial Loan

When your business is ready to purchase a property or building, one great option for financing is to use a Small Business Administration 504 loan for your commercial mortgage. This government-backed and funded program provides great loan terms and safe financing. Here’s what you need to know: The 504 Loan program was created in 2012 to provide funding to expanding small businesses. It can be used to finance several types of business growth, including commercial mortgages for the purchase [ ]

Is Retail Financing Right for Your Business?

For companies whose products have a high sticker value, being able to offer customers multiple payment options is essential. Accepting credit cards, cash and checks are fairly standard, but there are also other financing choices that could help give your business a competitive edge. One of these is retail financing. Sometimes called customer financing or consumer financing, retail financing provides customers with a short term installment loan for purchases above a certain level. Here’s how [ ]

The 3 Blessings of Bootstrapping

Venture capital is a buzz phrase these days among entrepreneurs. Young companies that have secured business funding from venture capital are seen as rising stars with great potential. And yet, while large initial investments can help a company get off the ground, there are plenty of reasons why bootstrapping may be a better idea. Here are the top three: 1. Autonomy There is no substitute for having total control over your business. It is your brainchild, after all. You are the one who is passionate [ ]

Business Loans: Assessing Your Collateral

Every small business will need an infusion of cash at some point. When the need arises, a business loan with a traditional lender generally has the best interest rates and loan terms. It also requires more from borrowers though, including some form of collateral. The bank will examine your business credit as well as your revenue and your company’s financial history. If the lender determines you have enough income to repay the loan, the bank will also ask you to provide collateral a secondary [ ]

5 Ways to Prep before Applying for a Small Business Loan

You’ve hit a wall in your business growth. You need more working capital. A small business loan can be the safest and cheapest way to obtain the funding your company desperately needs. The requirements can be stringent and the application process can be extensive. Here are 5 ways to be prepared for small business loan success. 1. Prepare to Explain the Reasons for Your Loan In order for a lender to approve your loan proposal they will need to see a convincing reason for the funds. If you are [ ]





More Than 15 Small Business Funding Resources for You, business funding.#Business #funding

More Than 15 Small Business Funding Resources for You

Business funding

Most small business owners can identify with the challenges of getting financing for their business or funding for a new product. There s no short, easy road to funding, most of the time, but these small business funding resources can help.

Kabbage

Kabbage has to be the most unique small business funding source found recently. They have created a powerful platform that, in my understanding, is creating a real-life look at how your business is doing to help you grow it.

They don t only look at credit scores, as so many traditional lenders do. They look at things like your Paypal, Ebay, Amazon, or Intuit QuickBooks account to figure out if you qualify and how much of a credit line you can receive. It is impressive.

Kiva Zip

Another innovative program and approach is found with Kiva, the microfinance platform. Etsy wrote about it. There is official information about zero interest (0%) with the Kiva Zip program (in Alpha, not even in Beta), and success stories on the main page.

The Lending Club

The Lending Club is a name that many consumers and business owners have heard before, but it is a site worth checking. Their peer-to-peer approach has taken the banking world by storm and it looks likely to continue in the business loan sector.

SmartBiz SBA Loans

SmartBiz SBA Loans ($5,000 $150,000) is a small business lender, but one that promises a much better process than traditional banks, on SBA type loans. If you ve ever gone through the SBA formal process, you know that it is rather comprehensive.

Funding Circle

Funding Circle has a large UK presence as well as a US site. It is an online marketplace for small business loans. The site explains you can find out in approximately one week if you qualify for a loan.

MultiFunding

Ami Kassar CEO of MultiFunding has a useful website on how the different funding options work and his consulting brokerage serves as a matchmaker for businesses that need more than just the best rate and need help with more complicated loan options.

OnDeck and BoeFly

Here are a couple of other small business loan providers that are promising an easier process, lower rates, and other options that might make their loans more appealing to you. OnDeck and BoeFly.

QuickBooks Financing

QuickBooks Financing has a site dedicated to helping you find the right financing. It is a matching engine that allows their selected lenders to provide you with the right loan. I m presuming it also uses some of your QuickBooks data, but I m not certain of that as I did not submit data on the form.

Wells Fargo and SBA Bank of America

There is no shortage of traditional lenders where you can walk into a branch and talk to someone about an SBA loan, so I would be remiss for not including at least a couple that I believe in. The Wells Fargo small business loan page offers a range of good information. And the SBA Loan page at Bank of America may help you sort different SBA options.

Factoring

If you have ever considered factoring, where you get financing based on your receivables, then I recommend this guide from RTS Financial, Your Complete Guide To Factoring.

PayPal Working Capital

PayPal Working Capital lets you pay your loan back as you get paid. A factoring method, of sorts.

Chase Mission Main Street Grants

One of my favorite places to look for less traditional financing options is the Small Business Events here on Small Business Trends. I used it to help compile this list, so I know there are some great funding options, often awards or contests, worth considering. This Chase Mission Main Street Grants is a terrific example. There is new information on the 2014 program.

Government Grants

You may need help to understand if a Government grant is worth pursuing. There are some large scale federal programs that pass funds through to universities and other nonprofit type institutions where you can sometimes find just the right help for your company.

City and State Level Resources

As I mentioned above, there are many city and state level resources, but too many to explain. If you search for your city or state combined with economic development, small business funding, and other related terms, you may find a niche program that serves your needs.

Here is a page from the Nevada Small Business Development Center where you ll get an idea of what you find at the state level. There are community-focused programs, as an example of a city program, for the Philadelphia area, Loan Programs City of Philadelphia Business Services Center. Scroll down through the long list to find the smaller loan amounts.

Opportunity Finance Network

Opportunity Finance Network (part of Goldman Sachs 10,000 small businesses initiative) is a big initiative sponsored by Goldman Sachs. The goal is to help educate business owners on a wide range of topics, to give you the best chance for success, in addition to access to capital. You must have an established business, with revenues.

There are plenty of sites that offer business loans too many to try and list. There are resources at the State and City level, depending on where you live, that can help you financially. There are also lists of USA State websites that offer resources or details around funding and details available on what it takes to qualify for a small business loan as well as sources of start-up funding.

We welcome you to list resources in the comments. We want to see the path to funding get easier, more transparent, and understandable for small business as a whole and we hope these resources do that for you.

If you have discovered a great resource that can help a small business owner find financing or a grant, please share it below.





Fundable, Crowdfunding for Small Businesses, business funding.#Business #funding

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Fundable Helps Crowdfund Great Companies

Gary chose to do a rewards fundraise offering free beer for life. He raised $61,673 and opened a craft brewery in Grapevine, Texas.

Jessica raised $475,000 and had her flagship product endorsed by the 42nd and 44th Presidents of the United States of America.

John raised $1.25M to grow Decision Desk, application management software now used by 100+ higher education institutions.

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Fundable is a software as a service crowdfunding platform. Fundable is not a registered broker-dealer and does not offer investment advice or advise on the raising of capital through securities offerings. Fundable does not recommend or otherwise suggest that any investor make an investment in a particular company, or that any company offer securities to a particular investor. Fundable takes no part in the negotiation or execution of transactions for the purchase or sale of securities, and at no time has possession of funds or securities. No securities transactions are executed or negotiated on or through the Fundable platform. Fundable receives no compensation in connection with the purchase or sale of securities.





OzCrowd, Crowdfunding in Australia, funding for business.#Funding #for #business

funding for business

We are raising money to assist the family of Blade Hill to who has ALD, a degenerative brain disease with medical and life expenses.

$9250 of $20,000.00

Funding for business

Beau Chatley Recovery Fund

This campaign will go towards assisting the Chatley family and Beau on his road to recovery

$43617.05 of $100,000.00

Funding for business

Mattias’ Road to Recovery

Help us support Mattias & Seryna after Matt’s accident on August 24th, 2016

$6540 of $10,000.00

Richard’s medical fund

After decades of helping others with their health, it’s now time for Richard to accept help to buy a wheelchair cover other medical bills.

$19162 of $8,000.00

Funding for business

Don’t Let Censorship Win! Help THEREDPILLMOVIE be shown in Melbourne!

Funding for business

Brad’s fight for family

Brad is known for fighting for the lives and livlihoods of others, he now needs our help to create some special memories with his family.

$16000 of $10,000.00

Funding for business

the beasties of the 70’s mansion need our help!

Bow & Jess nursed 4 mth old Gin to health when she was found badly beaten. She’s now sadly been diagnosed with an operable but costly cancer

$2771.05 of $10,000.00

Shane Howard – Crowdfunded $17,590 on OzCrowd

Funding for business

Crowdfunding is a new way of directly engaging with your audience. The music industry has changed a lot since the days of ‘Solid Rock’ with Goanna. Australia is a tough country for artists and musicians, the smaller population here makes it difficult for an artist to keep their head above water. You can’t underestimate the importance of a direct relationship with your listeners, and in a digital age, through social media, you can talk directly to your audience to support what you do, not only in principal, but economically as well. This wasn’t possible before. OzCrowd is a uniquely Australian owned crowdfunding platform that encourages new ideas and provides one-to-one advice and support to assist projects reach their goals. Platforms such as OzCrowd can help independent artists to ‘put the hat out’ through leveraging the power of social media and also gives music lovers the opportunity to directly support their projects.”

Aimee Smith – Crowdfunded $2,720 on OzCrowd

Funding for business

“Thanks for helping me raise money to beat Lyme disease and co-infections! $2720 raised! Very happy!”

Jalal S – Crowdfunded $10,000+ on OzCrowd

“I approached OzCrowd when a beloved friend, brother, and son tragically passed away and we wanted to build a well in his honour. OzCrowd helped us by giving us an Australian crowdfunding platform to ask the community for funds, including a website profile, an electronic payment facility, easy social media integration, and even a spotlight on their crowdfunding site, which was more than we could ask for. The result was us meeting our goal of $3000 in just 8 days! Their communication with us was what sets them apart from other crowdfunding or fundraising sites. They would update us every major step of the way and it felt great to stay connected.Truly, I found the whole experience inspiring – our well will be built in Africa in the coming months – and i couldn’t thank OzCrowd more. I would recommend OzCrowd to anyone who needs some help crowdfunding their worthy cause.”

4 key tips to crowdfunding on OzCrowd

Funding for business





Business funding, business funding.#Business #funding

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Funding For Small Businesses – Payday Loans Online, funding for business.#Funding #for

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Small Business Loans and Small Business Funding #start #up #business

#small business lending

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OnDeck

Small Business Loans

Financing is critical to the health of small businesses. In order to grow, businesses need loans to purchase inventory, maintain cash flow, hire new employees, purchase equipment and invest in their business. Yet, a landmark study by Harvard Business School shows that bank loan availability to small businesses plummeted during the recession and has stayed at these low levels since.

Interested in financing for your business? Get a true loan decision in minutes with OnDeck.

A New Approach to Business Loans from OnDeck

Launched in 2007, OnDeck uses technology to make the small business borrowing process fast and easy. We deliver loan decisions in minutes and funding in as fast as one business day. By focusing on the health of your business rather than your personal credit score, OnDeck has higher approval rates than most banks.

  • Over $2 billion delivered to small businesses nationwide in approximately 700 industries
  • A+ Better Business Bureau rating, backed by Google Ventures, featured in the Wall Street Journal
  • Loan amounts from $5,000 to $250,000

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Frequently Asked Questions

Q: Why is it so hard for small businesses to get financing?

A: Small business lending has been slow to recover since the recession. Traditional lenders lack an efficient system to underwrite small businesses, so many tend to defer to the personal credit score of the business owner as a measure of creditworthiness. It’s also cost prohibitive to underwrite smaller sized loans – it’s more profitable to make a $3,000,000 loan than it is a $30,000 loan.

Q: How come OnDeck can approve so many more businesses?

A: We use our OnDeck Score™ technology to make financing decisions based on the health of the business, rather than a personal credit score. We look at a variety of data points when analyzing businesses, and are able to deliver decisions in minutes and funding in as fast as 1 business day.

Q: What are the requirements for working with OnDeck?

A: Our minimum requirements are less stringent than traditional lenders. Although we look at a variety of data points when analyzing businesses, we require at least $100,000 in annual revenue and one year in business.

Q: How is an OnDeck loan different from a traditional bank loan?

A: OnDeck is different than traditional lenders in a several ways:

  • Our loans are between $5,000 – $250,000, with terms between 3 to 24 months. Bank loans typically have larger sizes – up to $5 million – and can have terms anywhere from 2 – 25 years.
  • OnDeck makes funding decisions minutes and can deliver funding in as fast as 1 business day, while banks can take up to 2 weeks to review the application and an addition 30 – 60 days to fund the loan if approved.
  • OnDeck also deducts a fixed, daily payment directly from your business bank account each business day, which helps to ensure minimal impact to your cash flow. Traditionally, banks collect payments on a monthly or quarterly basis.




Canadian Government Funding – Small Business Grants #business #valuation #calculator

#small business grants

#

Canadian Government Funding for Small Businesses

Mentor Works has worked with hundreds of SMEs across Canada to solve one wide sweeping issue: cash flow planning. The challenge facing most Canadian businesses is how to find and take advantage of suitable Canadian government grants and loans to assist with their cash flow and accelerate their growth. Browse a list of top small business funding programs to find out what your businesses can leverage:

List of Canadian Government Grants and Loans for Small Businesses

We have created a table of some of the most popular government grants for small business units in Canada, including repayable funding options, splitting them up into:

Each program has specific and unique eligibility criteria that you should review prior to applying to ensure your business and project are eligible. If you would like information on a specific program, please click on the program name to learn more. Have questions about the program? Fill out the form at the bottom of the program page, call our toll free number (1-888-599-3111), or send us a message via our Contact Form .

Government
Funding
Program

Receive up to $100k in grant funding towards an industry post-secondary collaborative research project to create new water technologies that will:

  • Commercialize new water technologies
  • Bring new water technologies to market
  • Tap into the global water demand

Industry-led Research Development Stream: Supports pre-commercialization R D, leading to new agri-based products, processes, and practices.

  • Combines industry, academia, government expertise to promote innovation
  • Scope may be national, regional, or localEnabling Commercialization Adoption Stream: Accelerates the rate of identification, assessment, development and adoption of innovation-based products
  • Commercialization projects of a new product or innovation
  • Technology adoption projects to improve internal operations or end products

Provides non-repayable funding support to Canadian agriculture, agri-food, fish, and seafood industries by allowing them to identify market priorities and carry out marketing activities to develop export opportunities:

  • Development and production of advertising materials
  • Trade shows, conferences, and trade missions
  • Implementing marketing and branding plans

Apprenticeship Job Creation Tax Credit

Supports the training and certification of new trades apprentices through wage subsidies. Credit covers the training of new trades employees.

Apprenticeship Training Tax Credit (Ontario)

Incentive to allow SME s to hire new apprentices in trades.

  • Register new trades apprentices in sectors where there is high demand for skilled workers

Automotive Innovation Fund (AIF)

Supports the development of innovative, fuel-efficient new automotive products and processes to:

  • Create knowledge-based jobs in Canada;
  • Improve automotive sustainability and environmental impacts; and
  • Improve Canada s competitiveness.

Automotive Supplier Innovation Program (ASIP)

Provides research and development grants to assist with innovative automotive product development. Ideal projects activities:

  • Prototyping;
  • Product engineering; and
  • Pre-commercialization testing and validation.

Build in Canada Innovation Program (BCIP)

The Build in Canada Innovation Program is a first purchase program offered by the Canadian government.

  • Pre-commerical, innovative product or service opportunity to bridge the commercialization gap
  • Must be of use to the Canadian government by improving efficiency and effectiveness

Receive up to 66% or $10K in training grants per trainee to enhance your workforce.

  • Most training that improves skillsets and career advancement is eligible.
  • Training can be carried out throughout the calendar year.
  • Program available from 2014-2020 with an annual funding pool of $192M in Ontario.

Grant for developing, producing, and promoting innovative, interactive software development projects including apps and video games.

  • 3 streams: Development, Production or Marketing Promotion
  • Covers up to 75% of eligible costs up to $400k/$1 million
  • Canadian companies can apply if ≥75% of content is developed in Canada

Small businesses with $10M in annual gross revenues can receive loan funding for expansion activities up to $1M.

  • Competitive interest rates
  • Can apply at a financial institution or credit union
  • May require a business plan





Funding Request #business #proposal #format

#writing business plan

#

If you are seeking funding for your business venture, use this section to outline your requirements.

Your funding request should include the following information:

  • Your current funding requirement
  • Any future funding requirements over the next five years
  • How you intend to use the funds you receive: Is the funding request for capital expenditures? Working capital? Debt retirement? Acquisitions? Whatever it is, be sure to list it in this section.
  • Any strategic financial situational plans for the future, such as: a buyout, being acquired, debt repayment plan, or selling your business. These areas are extremely important to a future creditor, since they will directly impact your ability to repay your loan(s).

When you are outlining your funding requirements, include the amount you want now and the amount you want in the future. Also include the time period that each request will cover, the type of funding you would like to have (e.g. equity, debt), and the terms that you would like to have applied.

Once you have completed your funding request, move on to the next part of your plan – Financial Projections .





Company Partners – find business angels, business angel investment, business partner, business

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Business Partners, Business Angels and great business opportunities

If you are looking for a Business Partner. Business Angel investment or a Mentor this is the place to come.

You can access our sophisticated database of business partners, Investors opportunities directly through our secure system.

  • Find funding from our Business Angels
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Need a Business Partner to bring additional experience, or a Business Angel with investment available? Or a Mentor to bring guidance and boost your management team.

Join now and contact directly our Business Partners. Business Angel Investors and Mentors .
With one membership you can do all three:

  • Find a Business Angel Investor
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  • Find a Mentor / Non Exec

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Business Angel Investors are special in Company Partners. You get FREE membership and easy to use facilities that help you find that golden business opportunity. You can select your own criteria and choose either with or without hands-on involvement.

  • Quick secure on-line search for opportunities
  • Automatch for new businesses for investment
  • Easy to use, simple to contact directly
  • 1000s of rewarding equity investments

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Dynamic businesses are looking for Mentors and NonExec Directors to boost their management teams and to help them grow.

  • Use your skills experience
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  • Build a portfolio of interests

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See examples of members

Who uses Company Partners

Start-ups looking for a like minded Business Partner or Business Angel investment with contacts and experience, growing companies looking for expansion funding, Mentors with years of experience and Investors seeking an exciting and rewarding business opportunity.

Find out what the press and our clients are saying.

Successfully found an Investor through your site and cannot thank you enough!

Andrew – Stockings Romance

I have now found a business partner, the response was amazing.

Karen – Little People By The Sea

Our property development project has now got our Angel Investor thanks to your web site.

Margaret – Suffolk Development





Canadian Government Funding – Small Business Grants #business #manager

#small business grants

#

Canadian Government Funding for Small Businesses

Mentor Works has worked with hundreds of SMEs across Canada to solve one wide sweeping issue: cash flow planning. The challenge facing most Canadian businesses is how to find and take advantage of suitable Canadian government grants and loans to assist with their cash flow and accelerate their growth. Browse a list of top small business funding programs to find out what your businesses can leverage:

List of Canadian Government Grants and Loans for Small Businesses

We have created a table of some of the most popular government grants for small business units in Canada, including repayable funding options, splitting them up into:

Each program has specific and unique eligibility criteria that you should review prior to applying to ensure your business and project are eligible. If you would like information on a specific program, please click on the program name to learn more. Have questions about the program? Fill out the form at the bottom of the program page, call our toll free number (1-888-599-3111), or send us a message via our Contact Form .

Government
Funding
Program

Receive up to $100k in grant funding towards an industry post-secondary collaborative research project to create new water technologies that will:

  • Commercialize new water technologies
  • Bring new water technologies to market
  • Tap into the global water demand

Industry-led Research Development Stream: Supports pre-commercialization R D, leading to new agri-based products, processes, and practices.

  • Combines industry, academia, government expertise to promote innovation
  • Scope may be national, regional, or localEnabling Commercialization Adoption Stream: Accelerates the rate of identification, assessment, development and adoption of innovation-based products
  • Commercialization projects of a new product or innovation
  • Technology adoption projects to improve internal operations or end products

Provides non-repayable funding support to Canadian agriculture, agri-food, fish, and seafood industries by allowing them to identify market priorities and carry out marketing activities to develop export opportunities:

  • Development and production of advertising materials
  • Trade shows, conferences, and trade missions
  • Implementing marketing and branding plans

Apprenticeship Job Creation Tax Credit

Supports the training and certification of new trades apprentices through wage subsidies. Credit covers the training of new trades employees.

Apprenticeship Training Tax Credit (Ontario)

Incentive to allow SME s to hire new apprentices in trades.

  • Register new trades apprentices in sectors where there is high demand for skilled workers

Automotive Innovation Fund (AIF)

Supports the development of innovative, fuel-efficient new automotive products and processes to:

  • Create knowledge-based jobs in Canada;
  • Improve automotive sustainability and environmental impacts; and
  • Improve Canada s competitiveness.

Automotive Supplier Innovation Program (ASIP)

Provides research and development grants to assist with innovative automotive product development. Ideal projects activities:

  • Prototyping;
  • Product engineering; and
  • Pre-commercialization testing and validation.

Build in Canada Innovation Program (BCIP)

The Build in Canada Innovation Program is a first purchase program offered by the Canadian government.

  • Pre-commerical, innovative product or service opportunity to bridge the commercialization gap
  • Must be of use to the Canadian government by improving efficiency and effectiveness

Receive up to 66% or $10K in training grants per trainee to enhance your workforce.

  • Most training that improves skillsets and career advancement is eligible.
  • Training can be carried out throughout the calendar year.
  • Program available from 2014-2020 with an annual funding pool of $192M in Ontario.

Grant for developing, producing, and promoting innovative, interactive software development projects including apps and video games.

  • 3 streams: Development, Production or Marketing Promotion
  • Covers up to 75% of eligible costs up to $400k/$1 million
  • Canadian companies can apply if ≥75% of content is developed in Canada

Small businesses with $10M in annual gross revenues can receive loan funding for expansion activities up to $1M.

  • Competitive interest rates
  • Can apply at a financial institution or credit union
  • May require a business plan





Business funding options #business #link

#business financing options

#

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Business finance options

Finance from your bank

Banks offer a range of financial support options for your business. They can also provide advice on the most suitable route for you. The options presented to you may include:

A business loan over a fixed term

With this option, money is borrowed over a set period of time and repaid with interest in agreed instalments usually monthly. A business loan can be used for working capital or to support your medium and long-term plans.

Business overdrafts and credit cards

Businesses may use an overdraft or credit cards to help them when cash levels are low or if the business is more seasonal. They can work if you need an extra source of money to dip into during quieter times, so that you can keep trading until the cash starts coming in again. Barclaycard Business credit cards are another way of providing you with short term credit. They are also a great way to manage and regulate staff spending.

This allows businesses to borrow against the value of their unpaid invoices. Using a cashflow finance solution means that within 24 hours 1 of you issuing an approved invoice, you could receive up to 85% of its face value. You then receive the remainder of the invoice value (minus charges for the invoice financing service) when the invoice is paid by your customer.

Borrowing against assets

You can borrow money against a range of your company s assets, including property, inventory or equipment. The amount you could borrow will depend on the value of the asset, but this can be an effective way of raising cash for working capital or investment.

If you re looking to buy or remortgage business premises, you might consider talking to a Commercial Finance Broker or a Barclays Business Manager they will provide independent advice, take you through the options available to you and deal directly with the lender on your behalf.

The Enterprise Finance Guarantee (EFG) scheme

If you ve got a strong business idea or project, but are finding it difficult to get a loan agreed because of insufficient security to meet a lender s normal criteria, the Enterprise Finance Guarantee scheme may help. The scheme is available to those who meet the criteria specified by the British Business Bank .

Business grants

A range of government grants are available under the Government Solutions for Business scheme, administered by a number of different bodies. Most are linked to specific activities, such as research and development. Government grants don t have to be repaid, so they won t be a drain on cashflow, but you will have to meet strict qualification criteria.

Investment

Offering a share of your company (or equity) for an investment by a third party could be an effective way to raise cash. In contrast to a business loan from a bank, you may not have to make any repayments on the money invested. However, so-called angel investors (wealthy individuals who back businesses with their own money) and venture capitalists can strike a hard bargain in terms of the share of your company they take in return for their investment. This kind of investment is often used for financing growth plans.

Family and friends

This is an option that a lot of people will consider, but it s important to weigh up the pros and cons.

  • An investment from family or friends can mean more flexibility if they know you personally they may be more lenient with repayments and allow you to delay until your business is making a profit
  • You may be able to run a loan from friends and family alongside a business loan from your bank, as long as you know you can repay all of the money you borrow in line with the agreements that have been set in place
  • Borrowing money or asking them to invest in your business is a serious commitment on both sides everyone should be clear on the terms
  • Any ambiguities could risk damaging your relationship in the future, so it s advisable to draw up a formal contract with help from an independent solicitor

If you have a Barclays Business account we can arrange a free session with a local solicitor for you talk to your Barclays Business Manager to make the arrangements.

The article is intended for information purposes only. You should always seek independent advice before making changes to your business.





Funding Request #women #in #business

#writing business plan

#

If you are seeking funding for your business venture, use this section to outline your requirements.

Your funding request should include the following information:

  • Your current funding requirement
  • Any future funding requirements over the next five years
  • How you intend to use the funds you receive: Is the funding request for capital expenditures? Working capital? Debt retirement? Acquisitions? Whatever it is, be sure to list it in this section.
  • Any strategic financial situational plans for the future, such as: a buyout, being acquired, debt repayment plan, or selling your business. These areas are extremely important to a future creditor, since they will directly impact your ability to repay your loan(s).

When you are outlining your funding requirements, include the amount you want now and the amount you want in the future. Also include the time period that each request will cover, the type of funding you would like to have (e.g. equity, debt), and the terms that you would like to have applied.

Once you have completed your funding request, move on to the next part of your plan – Financial Projections .





Small Business Loans and Small Business Funding #business #math

#small business lending

#

OnDeck

Small Business Loans

Financing is critical to the health of small businesses. In order to grow, businesses need loans to purchase inventory, maintain cash flow, hire new employees, purchase equipment and invest in their business. Yet, a landmark study by Harvard Business School shows that bank loan availability to small businesses plummeted during the recession and has stayed at these low levels since.

Interested in financing for your business? Get a true loan decision in minutes with OnDeck.

A New Approach to Business Loans from OnDeck

Launched in 2007, OnDeck uses technology to make the small business borrowing process fast and easy. We deliver loan decisions in minutes and funding in as fast as one business day. By focusing on the health of your business rather than your personal credit score, OnDeck has higher approval rates than most banks.

  • Over $2 billion delivered to small businesses nationwide in approximately 700 industries
  • A+ Better Business Bureau rating, backed by Google Ventures, featured in the Wall Street Journal
  • Loan amounts from $5,000 to $250,000

Apply Now

Frequently Asked Questions

Q: Why is it so hard for small businesses to get financing?

A: Small business lending has been slow to recover since the recession. Traditional lenders lack an efficient system to underwrite small businesses, so many tend to defer to the personal credit score of the business owner as a measure of creditworthiness. It’s also cost prohibitive to underwrite smaller sized loans – it’s more profitable to make a $3,000,000 loan than it is a $30,000 loan.

Q: How come OnDeck can approve so many more businesses?

A: We use our OnDeck Score™ technology to make financing decisions based on the health of the business, rather than a personal credit score. We look at a variety of data points when analyzing businesses, and are able to deliver decisions in minutes and funding in as fast as 1 business day.

Q: What are the requirements for working with OnDeck?

A: Our minimum requirements are less stringent than traditional lenders. Although we look at a variety of data points when analyzing businesses, we require at least $100,000 in annual revenue and one year in business.

Q: How is an OnDeck loan different from a traditional bank loan?

A: OnDeck is different than traditional lenders in a several ways:

  • Our loans are between $5,000 – $250,000, with terms between 3 to 24 months. Bank loans typically have larger sizes – up to $5 million – and can have terms anywhere from 2 – 25 years.
  • OnDeck makes funding decisions minutes and can deliver funding in as fast as 1 business day, while banks can take up to 2 weeks to review the application and an addition 30 – 60 days to fund the loan if approved.
  • OnDeck also deducts a fixed, daily payment directly from your business bank account each business day, which helps to ensure minimal impact to your cash flow. Traditionally, banks collect payments on a monthly or quarterly basis.




Business Plan Writers for Funding – Financing #business #simulation

#business plan writers

#

Professional Business Plan Writers For Canadian Entrepreneurs

We help entrepreneurs and existing businesses write business plans to secure financing. Across Canada, our team of professional business consultants will work with you to look at your business idea and offer advice to boost your funding success.

We will steer your business plan so it is thoughtful, thorough and relevant for your business.

Business Plan Lifecycle

Are you beginning your first business venture, or are you already a successful entrepreneur? Our personalized business plans can give you a distinct competitive advantage with lenders and investors. Our customized business plans help:

  • Secure funding
  • Plan for strategic in-house direction
  • Encourage business growth
  • Allocate resources effectively
  • Assist with business acquisition or sale

We write business plans that allow you to reach your business goals.

Problems We Solve

For most entrepreneurs, writing a professional business plan is put on the back burner for three main reasons:

  1. Time: A business plan can take months to complete. Writing your own business plan takes you away from growing the business – most entrepreneurs simply don’t have the time.
  2. Expertise: Knowing what to write is the next hurdle. Yes, there are software programs and sample business plans available on the internet, but applying it to YOUR business is difficult.
  3. Content: Financial projections and knowing the elements of the business plan to include and not include are important – but difficult to create.

Experience

Within the team. we have over 50 years of consulting experience. Our practical, down to earth approach is a result of our experience – we’ve worked in the trenches in a variety of roles and industries. We don’t use junior writers, simplified questionnaires or cookie cutter templates.

Understanding your business and your requirements through our business plan process is focused on creating a business plan that works.

Find out how we’re different from other business plan companies. Call us at 1-800-661-9842 toll-free or send us an email to find out more how we can help with your business plan needs.

Client Testimonials

“Top notch plan AND advice, delivered with excellent customer service. Before I contacted Barry, I only had a vision and an unstructured idea. They made my vision a reality with a highly researched and detailed business plan. Their customer service is what separates them from the rest. Their quick follow-ups, honest advice, and willingness to always guide you through the planning process will keep my family and I coming back with all our future ventures.”

CEO, Avante Laser & Aesthetics

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Mandatory Disclosure of Third-Party Litigation Funding: Up Next, The D – O


#

The D O Diary

Mandatory Disclosure of Third-Party Litigation Funding: Up Next?

Commercial litigation fundingMost observers of the current litigation scene are well aware of the recent rise in litigation funding, both in the U.S. and around the world. Indeed, according to a recent memo from the Skadden law firm (here), in 2016, “the worldwide market for third-party litigation financing was estimated to exceed $1 billion.” The industry is likely to continue to grow. The rise of litigation funding has not been without its concerns, however; with the increasing role of litigation funding have come calls for regulation of various kinds. One recurring issue has been with respect to the requirement of mandatory disclosure of litigation funding.

The courts have struggled with whether or not one party to a lawsuit can compel its adversary to disclose third-party litigation financing in the course of discovery. On the one hand, in August 2016, Northern District of California Judge Susan Illston held that the defendant, Chevron Corp., was entitled to discovery of claimant’s litigation funding agreement. The class action lawsuit sought the recovery of damages for a Nigerian oil rig. The plaintiff had moved for class certification. Chevron opposed the motion and, among other things, sought discovery relating to the claimant’s funding arrangements in connection with the question of the adequacy of the claimant to represent the putative class.

Judge Illston held that Chevron was entitled to discovery of the funding agreement. She rejected the claimant’s proposal to make the agreement available for in camera review as “inadequate because it would deprive Cheveron of the ability to make its own assessment and arguments regarding the funding agreement and its impact, if any, on plaintiff’s ability to adequately represent the class.”

On the other hand, in September 2015, Southern District of New York Magistrate Judge Kevin Fox held in Kaplan v S.A.C. Capital Advisors (here) held that the defendants were not entitled to discovery of the claimant’s third-party funding arrangements. The defendants, like Chevron in the Nigerian oil barge explosion case, had sought to compel production of the claimant’s third-party funding agreement, in connection with the question of the claimant’s adequacy to represent the putative class. In connection with this adequacy argument, the defendants sought to argue that the plaintiff lacked sufficient resources to represent the class or that there were potential conflicts with the interests of the class. Magistrate Judge Fox rejected these arguments as “purely speculative,” adding that the plaintiff’s entry into a litigation funding agreement does not by itself raise questions about the plaintiff’s ability to fund the litigation adequately. The Magistrate Judge rejected the defendant’s effort to compel production of the litigation funding agreement, because the defendants had not shown that the funding agreement was relevant to any claim or defense.

While the various courts have wrestled with these questions about the obligation to make details of litigation available in the ordinary course of discovery, at least one court has amended a requirement the first of its type — specifying the automatic disclosure of third-party funding agreements in proposed class action lawsuits. As discussed here, on January 23, 2017, the Northern District of California amended its Standing Order to require disclosure of third party funding arrangements in class action lawsuits, a development that one observer called “groundbreaking.”

While at this point no other federal district court has followed the Northern District of California’s lead on this issue, Congress itself now has taken up the issue. As discussed here, in February 2017, Rep. Bob Goodlatte (R-Va.) introduced the Fairness in Class Action Litigation Act, H.R. 985, which, as discussed here, includes a provision that requires the prompt written disclosure to the court and all other parties of “the identity of any person or entity, other than a class member or class counsel of record, who has a contingent right or receive compensation from any settlement, judgment or other relief obtained in the action.”

In March 2017, the U.S. House of Representatives passed the bill (including the provision requiring disclosure of third party litigation funding) and the bill was received in the Senate and referred to the Senate Judiciary Committee. Whether or not this bill will become law remains to be seen; an earlier class action reform bill that Rep. Goodlatte advanced in 2015 also made it through the House, but the bill died in the Senate.

As the Skadden memo to which I linked above put it, even though “the tide of legislative and judicial opinion seems to be turning toward disclosure,” the issue “had not been squarely addressed in most jurisdictions.” Unless Congress passes a nationwide disclosure requirement, “rules will continue to be crafted on a jurisdiction-by-jurisdiction basis.”

The requirements in this area are, as the Skadden memo puts it, “rapidly changing.” I agree with the Skadden memo that there is an overall move toward more regulation of third-party litigation funding, including in particular with respect to required disclosure of litigation funding arrangements. These developments are an almost inevitable consequence of the rise of litigation funding, a topic that I discussed at length here and here.

As litigation funding becomes increasingly prevalent, and in particular, as questions about litigation funding continue to arise, calls for regulation and disclosure are likely to continue. Courts in a number of jurisdictions increasingly are raising questions about third-party litigation funding; indeed, one judge in Australia recently raised concerns in connection with a shareholder class action lawsuit settlement with regard to the plaintiff’s third-party litigation funding arrangements.

These kinds of questions will continue to be asked. Questions surrounding mandatory disclosure requirements, among other issues, will continue, as will more general questions involving the regulation of third-party litigation funding. A discussion of possible regulation might include, for example, whether there should be registration and minimum capital requirements, and whether or not there should be mandated disclosures to funding firm investors, as well as to those receiving litigation funding.

As I have emphasized in the past, I am not necessarily advocating any of these steps, but I do think the time has come for a debate on these issues, particularly with respect to mandatory disclosure. Indeed, I think it arguably would be in the interest of the firms currently in the litigation funding vanguard to get out in front on these issues, to try to bring about a level and type of regulation and disclosure that is acceptable to them.


Business funding #international #business #jobs

#business funding

#

Knowledge Base

Foundations typically fund nonprofit public charities, as defined in Section 501(c)(3) of the Internal Revenue Code. These are organizations whose purposes are charitable, educational, scientific, religious, literary, or cultural. The small number of foundations that give to individuals typically do so to help pay for educational expenses or support artistic or research projects.

By and large, foundations do not make grants to for-profit enterprises. If you are seeking funds to start a for-profit business, please consult the resources below for more information. You might also consult the business section of your local public library, or economic development agencies in your city, county, or state.

Social enterprises

If your for-profit business has a strong social mission, it might be considered a social enterprise. Social enterprise, also known as social entrepreneurship, broadly encompasses ventures of nonprofits, civic-minded individuals, and for-profit businesses that can yield both financial and social returns.

A small but growing number of foundations may provide program-related investments (PRIs) to social enterprises as well as nonprofits. PRIs are low-interest loans that a foundation can give to organizations or projects that match the funder’s giving interests.

See also our related Knowledge Base articles:

Selected resources below may also help.





What is Invoice Factoring and how does it work #factoring #funding


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Invoice Factoring

Spot Factoring: What It Is and How It Works?

Factoring financing has been around as a business technique for a long time. In basic terms, it is a transfer of risk. Although many financial experts will use the term factor financing synonymously with accounts receivable financing, factoring is different in that it actually transfers ownership of those accounts receivable. With accounts receivable, there is no ownership transfer, only risk transfer. The “Factor” refers to the third party that is purchasing the risk—in these cases, the accounts receivable. Factoring allows a business to ensure consistent cash flow when needed and allows them to keep less cash on hand at any given time.

Factoring is a corporate finance technique that enables a company to either:

  • Transfer the credit risk of its accounts receivable to a third party and / or;
  • Leverage its accounts receivable to accelerate its working capital through the sale of its accounts receivable to a third party.

Through factoring, you can allow clients to pay with credit rather than cash up front, without hindering your business in the meantime. Even though the client pays with credit, through factoring you have cash flow right away because that credit risk is now transferred the buyer.

Factoring

Factoring Vs. Collections

Factor financing and collections agencies are both methods of handling accounts receivable invoices, but they both work very differently. It is crucial for a business owner to understand the difference between these two terms. Factoring manages accounts receivable for clients who generally pay on time on their credit terms. It provides capital to the business backed by the promise of that future client payment. Collections, on the other hand, is an attempt at recovery of unpaid debts by clients who have failed to meet the credit terms agreed upon. Thus, factoring is appropriate for businesses who have creditworthy clients but who may suffer if they don’t get that payment right away, and collections are for businesses whose clients have failed to pay their bills.

Single Invoice Factoring (Spot Factoring)

  • Ideal solution for firms or start-ups simply in need of immediate cash
  • Does not require a multi-year contract
  • Provides the company with the flexibility of selling invoices to Capstone, only when working capital is needed
  • No obligation to sell a minimum number of invoices per year or over the term of a contract

Single Invoice or Spot Factoring is especially helpful also in the area of construction financing. If you are a Contractor or Subcontractor and are going to be working on a large new construction project, you may have a lot of one-time capital needs as you begin work. Single Invoice Factoring can be an excellent solution for you to cover supplier costs or payroll on an as-is needed basis. There is no contract or obligation. Once the big project is completed you no longer have that gap in cash flow, you don’t have to continue selling your invoices to to the third party.

Discover new ways to
fund your business

Discount Factoring

Structured for development-stage companies, discount factoring involves the selling of invoices at an advance amount less a commission. Typically, Capstone purchases each invoice or assignment schedule from the client and then pays out a working capital advance each time a schedule of accounts receivable is sold to Capstone. The reserve amount is disbursed to the client after the account debtor pays the amount due under the factored invoices to Capstone. The reserve account is the difference between the amount paid and the amount advanced by Capstone, less any commissions earned.

Discount Factoring is ideal if you are going to have an ongoing, consistent need to transfer invoice balances in order to avoid any lapse in cash flow. This technique uses the accounts receivable assets as collateral. It is used both by new businesses who consistently have a need to make up for a gap in cash flow or for other businesses who use it as a means of more efficient operations and keeping less cash on hand.

Collection Factoring

Collection Factoring is different from collection agencies, which is discussed above. More commonly known as Factoring, collection factoring is a structured transaction has two components.

  1. A factoring commission is charged against the face value of the invoice amount in exchange for Capstone taking on the credit risk on the accounts receivable
  2. An interest rate is charged against the advance if one is requested.

The interest charges run through the date the account debtor pays the invoice and is deducted from the invoice payment along with the commission charged for guaranteeing the creditworthiness of the account debtor. Not every business will be able to take advantage of this type of factoring to cover cash flow. Companies with a positive net worth and profitable operations qualify for this type of factoring.

In cases where credit terms call for a client paying cash later than when that cash is needed by the business, collection factoring is a more cost-effective method than collection agencies.

Using the method of factoring can close serious gaps in cash flow and allow you to continue operations without worrying about covering certain expenses. Not all factoring options are alike, however. We know that every business is unique with its own problems, and each deserves an individualized approach to solving their cash flow problems. With flexible factoring structures, Capstone will customize a program specific to your business that will help achieve your growth goals. By utilizing factoring, you can shift your focus from waiting on cash to working on your next project without the stress of an inconsistent cash flow.

CALL TODAY TO START ACCELERATING YOUR CASH FLOW.


Where to Find Small-Business Funding #business #report

#small business funding

#

Credit Cards

Banking

Investing

Mortgages

Loans

Insurance

Credit Cards

Banking

Investing

Mortgages

Loans

Insurance

Where to Find Small-Business Funding

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money .

So you’ve had an entrepreneurial breakthrough. Your research shows your idea is sound, and you’ve detailed all its nuances in a comprehensive business plan. You know how to spread the word about your new venture and how you’ll plan for future growth.

Now, how are you going to fund it?

Traditional small-business funding took a hit during the financial crisis, with banks opting for bigger, more secure investments over small-business ventures. Data from the Federal Deposit Insurance Corp. show small-business lending hasn t returned to pre-recession levels; loans of $100,000 to $250,000 have fallen 22% since 2007.

But it s still possible to get the capital you need to launch, maintain or grow your business. And once you identify small-business funding that s right for you, there are steps you can take to increase your chances of getting a business loan .

5 ways to fund your small business

1. If you have an established business, collateral, strong credit and finances:

Banks. Traditional banks are still a great starting point and can help you figure out where you stand in terms of funding. Even if your business doesn t have a strong enough track record and enough assets as collateral to qualify for a loan, talking to someone at a traditional bank can help you figure out what documents you need and what your best options may be.

2. If your business falls just outside of a traditional bank’s strict lending criteria:

SBA. The U.S. Small Business Administration offers lenders, almost exclusively banks, a federal guarantee on your loan, making it less risky for them to lend you the funds you need to be successful. In doing so, the SBA also connects you with favorable rates offered by traditional lenders. And unlike most bank loans, you can use an SBA loan to start a business. However, the application process isn t easy, and you can find yourself trapped under a heap of documents while you work through the appropriate forms. Online lender SmartBiz provides a more streamlined application process, originating SBA loans faster than traditional banks.

3. If you have bad personal credit, need cash fast or don’t want to wait for a bank loan:

Online alternative lenders. With traditional banks limiting access to capital, alternative lenders have seen an increase in popularity. A report by Morgan Stanley predicts they’ll provide 16% of small-business loans by 2020. They are particularly useful for owners struggling with bad credit or those in need of fast cash. with several online lenders able to turn around funding within 24 hours. Peer-to-peer lenders are among the alternatives; these lenders cut out the traditional middleman — such as a bank — to connect borrowers with individual and institutional investors. The cost of borrowing, however, is much higher; some charge annual percentage rates over 100%. Still, alternative lenders are a good option when the bank says no.

4. If you think your product can capture the interest of the public:

Crowdfunding. Crowdfunding sites such as Kickstarter rely on investors to help get an idea or business off the ground, often rewarding them with perks or equity in exchange for cash. Although the popularity of these services has increased in recent years (the SBA even offers an online course in crowdfunding), there are caveats. For one, your product or company has to be intriguing enough catch the eye of multiple investors. With equity crowdfunding, there are strict securities laws and rules to follow for investors and entrepreneurs alike.

5. If you have an existing membership and like a personal touch:

Credit unions. Like banks, credit unions offer favorable rates and loans backed by the SBA. But unlike banks, credit unions have increased their small-business lending 60% since 2008, according to the National Association of Federal Credit Unions. Though you’ll likely have to be a member, the co-op nature of credit unions often ties them to the community, so you may also reap the benefits of more personal relationships and name recognition.

Find and compare small-business loans

NerdWallet has come up with a comparison tool for the best small-business loans to meet your needs and goals. We gauged lender trustworthiness, market scope and user experience, among other factors, and filtered them by categories that include your revenue and how long you’ve been in business.

To get more information about funding options and compare them for your small business, visit NerdWallet ssmall-business loanspage. For free, personalized answers to questions about financing your business, visit theSmall Businesssection of NerdWallet’s Ask an Advisor page.

This post has been updated. It was originally published Oct. 29, 2014.

Image via iStock.

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Funding Options for Bad Credit Risks #internet #businesses

#bad credit business loans

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Funding Options for Bad Credit Risks

For better or worse, your credit score has become your SAT score when it comes to financing. If you have a high score, you ll have a pretty easy time getting credit offers from a wide variety of funding sources. If your score is low or nonexistent, however, you won t.

But a low score isn t something you can run away from, and even if you avoid it, it won t go away. The trick is to fund your business in ways that actually get your score back on track so when you re ready to move your business to the next stage, your score will start opening doors rather than getting them slammed in your face.

Here are some ideas for entrepreneurs with low scores who are faced with funding challenges:

1. Look beyond credit cards and bank loans for financing. Studies show that credit card and bank financing account for just 25 percent of the total funding needs of early-stage entrepreneurs. This statistic should provide you some comfort, because it implies that 75 percent of the money you need can come from other sources that rely less on your credit rating.

While there are credit cards and lending programs designed for individuals with poor credit, these options will typically charge a higher interest rate to compensate for the credit risk posed by a sub-prime borrower. One bank option for those with poor credit scores is a home equity line of credit, though I d be wary of putting your home on the line to finance a risky early-stage venture.

2. Seek loans from your relatives and friends. Everyone likes the idea of entrepreneurship, which may be why, at some point, more than 50 percent of all business owners get financing help from friends and relatives. Chances are, your relatives and friends want to see you succeed and may be able to help make your business dream a reality. They also may not dwell on your poor credit score because they trust you, or they believe your business concept to be sound. (Banks used to evaluate your character and business conditions the way family and friends still do, but credit scoring models have made lending decisions more automated, resulting in the critical power your credit score holds over you.)

If you follow the advice I have shared in previous columns on identifying private lenders and understanding their risk profile. you should be able to get access to cheap, quick and patient business capital. Also, you can now use private loans from relatives, friends and business associates to rebuild your credit score if you use a loan management company to service the loan and report payments to credit bureaus.

3. Investigate microlenders and web-based lenders. There are several nonbank lenders on the internet that now offer microloans to entrepreneurs. These loans are typically in the $5,000 to $25,000 range. Some of these sites are excellent sources of capital for those with poor credit and will also report your payments to credit bureaus which can help raise your credit score if you make timely payments. Be sure to shop around and compare rates since each site offers a twist on how they price loans and spread risk to their lenders/investors. These sites include:

For borrowers who don t have strong credit scores, the interest rates on loans from these sources will tend to be high. For a comparison, the average rate on business loans from relatives and friends is currently at 7.6 percent, according to CircleLending s Business Private Loan Index, whereas the rate was more than 12 percent at Accion and more than 20 percent at Prosper for individuals with poor credit.

If you re accustomed to credit-card-level interest rates, these rates may seem affordable, but remember this: You can make partial payments on credit card debt whereas installment loan agreements may restrict you from making partial payments.

There may be subsidized microlenders in your state that offer more flexible terms; since they re small, they may not have a website or web-based loan application form, however, and may be hard to find. Check www.microenterpriseworks.org to search for nonprofit organizations in your community that have programs for business owners with poor credit. Most states now have at least one microlender. For some business owners, flexibility of repayment is more important than getting a slightly lower rate.

4. Don t overlook gifts and grants. If you need to avoid making debt payments, focus on getting free money in the form of gifts and grants. Your search will be long and hard–despite what you read on the internet, there is no silver bullet here. Be wary of services that promise to locate government grant programs for you. You ll need to do your homework to locate programs that are available for your type of business. Health-care businesses, technology companies, and retail businesses in low-income areas tend to qualify for grant money. Other forms of free money include gifts from relatives, free office space from former employers, and free services from friends or business associates. If you re creative, you can reduce your startup costs by brainstorming a list of people who would be willing to provide you with gifts and subsidized loans.

Copyright 2016 Entrepreneur Media, Inc. All rights reserved.





Grants, funding and assistance – Business Tasmania #business #quiz

#business grants

#

business.tas. gov.au

Last updated on August 31, 2016

Grants and other funding programs may be available from the Australian, State and Territory governments and, in some cases, from local councils.

Generally there are few grants available for starting a business, and those available are competitive or only available for specific circumstances.

There is, however, a range of assistance including grants available for business activities such as expanding your business, innovation, exporting, and research and development.

Below is a listing of grants and funding sources put together by Business Tasmania. We make every effort to provide accurate and up-to-date information. We have also provided links to sites that give a comprehensive list of government grants.

Please Note
The Department of State Growth has received a number of reports of private operators approaching businesses selling information about government business grants. This information is publically and freely available on this page and the Federal Governments website www.business.gov.au

No Australian government, federal, state or local, charges an online fee for any information on grants and funding.

Flood Recovery Assistance

The State and Federal Governments are providing assistance for businesses and communities affected by the June and July floods. Details are available on the TasAlert website .

General





Can I get a business loan if I am unemployed? #business #loan,


#

Borrowers can get a business loan if they are unemployed but there are multiple facets impacting their chances of approval.

Rob Schmidt, founder of 29doors.com and a former commercial banker, said securing financing while unemployed is “difficult but not impossible.”

He said most lenders follow the “five C’s” for underwriting loans: character, capacity, capital, collateral, and conditions.

“Typically financing a new startup or project with debt can be achieved so long as you demonstrate a viable source of repayment,” Schmidt said. “If you can convince them you’ll have no problems repaying the loan regardless of your employment, then you’ll have a higher chance of getting funding.”

The ways to get funding as an unemployed borrower can be contradictory. Schmidt said one of the ways to acquire funding is to be independently wealthy. He said that most business loan applications come from entrepreneurs who are self-employed by another company with a history of operation.

Jeanette Dugas, a certified public accountant in Florida, assists clients with the preparation of business plans which will be presented to banks when applying for a commercial loan. She agrees with Schmidt that, despite this ruling sounding counterintuitive, it is true that banks want to loan to someone with stable funding.

She said banks need to reach certain benchmarks in order to lend money responsibly. Although being unemployed is not a deal breaker, other factors can weigh heavily on the loan application. If a borrower is unemployed, receives no other source of income, and is expecting a large unsecured business loan, they are viewed as a highly risky venture for the bank.

“Cash flow is an important consideration to a banker so primarily a steady job represents a source from which the bank can be repaid,” Dugas said. “Aside from that, it could indicate a level of experience and success in a certain industry or line of business.”

Schmidt said the next way to acquire funding is to demonstrate a viable idea. Borrowers need to present a well-developed business plan and provide adequate financial history for a lender’s review.

The third step for a borrower is to illustrate a logical plan for repayment. Banks are mainly focused on the risk factor, and having a manner of repayment is paramount. If borrowers can prove some form of income, as well as larger items of collateral to secure the loan, their chances of approval increase.

The final method is to convince other wealthy individuals to guarantee the business loan because it will add credibility and strengthen the underwriting package.

“Banks look backwards at historical financial performance when determining a loan amount,” Schmidt said. “If you have a strong background, high net worth, high liquidity, and a viable project, then you’ll likely get a loan even though you’re technically not drawing a paycheck from a company.”

Startups and New Entrepreneurs

But all businesses are not the same: startups and existing businesses are viewed differently by lenders.

Schmidt advises new entrepreneurs without a strong personal credit history or outside funding to avoid formal business loans. In his experience, startups business loans are the most risky.

“The odds of a new startup succeeding are low, so the odds are stacked against you,” he said. “Instead of taking on debt to finance a risky startup, you’re better off finding other sources of funding. By avoiding debt, you improve your resiliency and ability to stay in the game and keep swinging the bat rather than paying off loans.”

Alex Genadinik, founder of marketing app website problemio.com, said that loans are a big topic on the apps. He agrees with Schmidt that business loans are usually out of the question for new entrepreneurs.

“Neither banks nor private lenders will lend to them because the risk profile for a business which has not started is extremely high,” he said.

Genadinik said the failure of businesses in the idea-stage is around 99 percent because the entrepreneurs never follow through with their idea.

“To give money to that project is almost as good as just throwing it away,” he said. “A loan is like a gun with which an inexperienced person can shoot themselves in the foot. So too an inexperienced entrepreneur wastes a lot of money with poor decision-making and lack of savvy.”

Genadinik said if an entrepreneur still needs a loan, they can take out a personal loan and use the funds for their business.

Beyond personal loans, another option for denied applicants is to turn to their local government. Some local governments, in an attempt at stimulating a certain part of the economy, offer funding for businesses. A city that wants to increase its arts community could offer business loans to a future art gallery owner or a dancing studio owner.

How Unemployment Benefits Impact a Loan

For some unemployed entrepreneurs, receiving unemployment benefits can further complicate their plans to open a new business.

According to the SBA website. starting a business while accepting unemployment benefits falls in a gray area because of the concept of full-time versus part-time work.

State laws, which regulated unemployment benefit rules, focus on a person’s work schedule and not the work in particular. If a person is working full-time on a new business, some states have rules barring them from receiving benefits, even if they are receiving less income than at their previous job.

Some states have self-employment assistance programs which support new entrepreneurs during this time period.

Entrepreneurs can use the self-employment assistance programs while on unemployment. This program allows unemployed future business owners to access financial aid equal to their unemployment insurance benefits. The aid, including financial assistance and training resources, lasts up to 26 weeks.

With or without unemployment benefits, most borrowers face some opposition when applying for a business loan. It is part of the struggle of being a business owner. Although the process might be lengthy and risky, unemployed consumers with an imaginative and realistic plan for a business should reach out for funding and support in any possible way.


More Than 15 Small Business Funding Resources for You #business #plan #outline

#small business funding

#

More Than 15 Small Business Funding Resources for You

Most small business owners can identify with the challenges of getting financing for their business or funding for a new product. There’s no short, easy road to funding, most of the time, but these small business funding resources can help.

Kabbage

Kabbage has to be the most unique small business funding source found recently. They have created a powerful platform that, in my understanding, is creating a real-life look at how your business is doing to help you grow it.

They don’t only look at credit scores, as so many traditional lenders do. They look at things like your Paypal, Ebay, Amazon, or Intuit QuickBooks account to figure out if you qualify and how much of a credit line you can receive. It is impressive.

Kiva Zip

Another innovative program and approach is found with Kiva, the microfinance platform. Etsy wrote about it. There is official information about zero interest (0%) with the Kiva Zip program (in Alpha, not even in Beta), and success stories on the main page.

The Lending Club

The Lending Club is a name that many consumers and business owners have heard before, but it is a site worth checking. Their peer-to-peer approach has taken the banking world by storm and it looks likely to continue in the business loan sector.

SmartBiz SBA Loans

SmartBiz SBA Loans ($5,000 $150,000) is a small business lender, but one that promises a much better process than traditional banks, on SBA type loans. If you’ve ever gone through the SBA formal process, you know that it is rather comprehensive.

Funding Circle

Funding Circle has a large UK presence as well as a US site. It is an online marketplace for small business loans. The site explains you can find out in approximately one week if you qualify for a loan.

MultiFunding

Ami Kassar CEO of MultiFunding has a useful website on how the different funding options work and his consulting brokerage serves as a matchmaker for businesses that need more than just the “best rate” and need help with more complicated loan options.

OnDeck and BoeFly

Here are a couple of other small business loan providers that are promising an easier process, lower rates, and other options that might make their loans more appealing to you. OnDeck and BoeFly .

QuickBooks Financing

QuickBooks Financing has a site dedicated to helping you find the right financing. It is a matching engine that allows their selected lenders to provide you with the right loan. I’m presuming it also uses some of your QuickBooks data, but I’m not certain of that as I did not submit data on the form.

Wells Fargo and SBA Bank of America

There is no shortage of traditional lenders where you can walk into a branch and talk to someone about an SBA loan, so I would be remiss for not including at least a couple that I believe in. The Wells Fargo small business loan page offers a range of good information. And the SBA Loan page at Bank of America may help you sort different SBA options.

Factoring

If you have ever considered factoring, where you get financing based on your receivables, then I recommend this guide from RTS Financial, Your Complete Guide To Factoring.

PayPal Working Capital

PayPal Working Capital lets you pay your loan back as you get paid. A factoring method, of sorts.

Chase Mission Main Street Grants

One of my favorite places to look for less traditional financing options is the Small Business Events here on Small Business Trends. I used it to help compile this list, so I know there are some great funding options, often awards or contests, worth considering. This Chase Mission Main Street Grants is a terrific example. There is new information on the 2014 program.

Government Grants

You may need help to understand if a Government grant is worth pursuing. There are some large scale federal programs that pass funds through to universities and other nonprofit type institutions where you can sometimes find just the right help for your company.

City and State Level Resources

As I mentioned above, there are many city and state level resources, but too many to explain. If you search for your city or state combined with economic development, small business funding, and other related terms, you may find a niche program that serves your needs.

Here is a page from the Nevada Small Business Development Center where you’ll get an idea of what you find at the state level. There are community-focused programs, as an example of a city program, for the Philadelphia area, Loan Programs City of Philadelphia Business Services Center. Scroll down through the long list to find the smaller loan amounts.

Opportunity Finance Network

Opportunity Finance Network (part of Goldman Sachs 10,000 small businesses initiative) is a big initiative sponsored by Goldman Sachs. The goal is to help educate business owners on a wide range of topics, to give you the best chance for success, in addition to access to capital. You must have an established business, with revenues.

There are plenty of sites that offer business loans too many to try and list. There are resources at the State and City level, depending on where you live, that can help you financially. There are also lists of USA State websites that offer resources or details around funding and details available on what it takes to qualify for a small business loan as well as sources of start-up funding .

We welcome you to list resources in the comments. We want to see the path to funding get easier, more transparent, and understandable for small business as a whole and we hope these resources do that for you.

If you have discovered a great resource that can help a small business owner find financing or a grant, please share it below.

TJ McCue served as Technology/Product Review Editor for Small Business Trends for many years and now contributes on 3D technologies. He is currently traveling the USA on the 3DRV roadtrip and writes at the Refine Digital blog.

Latest Trending Business News





How To Get A South African Government Loan #government #loans,government #funding,government #business


#

How To Get A South African Government Loan

Many small businesses face the challenge of gathering capital to start and/or expand their businesses.

Loans from the government can be a cost-effective means to get the funds you need, but there are important things to consider on the way – such as being prepared for a lot of paperwork, strict selection criteria, and a very long wait.

What is a business government loan?

Most loans for business come through the Department of Trade and Industry (DTI) and its associated organisations like the Small Enterprise Development Agency (SEDA).

These are loans tend to offer comparably lower interest rates to financial institutions, and have longer or more flexible repayment terms.

Do you have to repay a government loan?

Yes. Businesses that receive a loan from the government are still required to repay the loan in the same way they would if receiving finance from a bank. The difference is that interest rates are much lower and repayment terms longer or more flexible.

List of government loans for business

  • Isivande Women’s Fund is an exclusive women’s fund established by the DTI to accelerate women’s economic empowerment through affordable, usable and responsible finance. For more information visit their site .
  • Khula is the government’s agency for small business finance. It operates across both public and private sectors and is dedicated to providing much-needed funding to businesses. It serves as indemnity to financial institutes providing loans to businesses without assets to put up as collateral. Visit their site for more information.
  • National Youth Development Agency (NYDA) offers mentorship, development programmes, grants and facilitates funding for youth businesses in South Africa. Visit their site for more information.

Who can apply for government loans for business?

Each of the loans listed above have their own qualifying criteria.

For Isivande Women’s Fund, applicants need to be:

  • At least six months in operation
  • Have a 50% women’s share and management
  • In need of start-up, expansion or growth capital
  • Have growth potential on a commercial scale
  • Able to improve social impact in the form of job creation and economic empowerment.

For Khula Fund, applicants need to be:

  • Able to provide as much as 10% of the amount they wish to borrow in the form of cash or equipment that can be used in the intended business.

For NYDA, applicants need to be:

  • Between the ages of 18 to 35
  • Have the necessary skills and experience or potential skills and experience to run a business
  • South African citizens
  • Involved in the day to day operations of the business
  • Growing a business that is commercially sustainable, viable
  • Profit motivated.

Tips on applying for government loans for business

Ask yourself the following questions before approaching organisations for funding. Having these answers ready may help you gain a loan:

  1. Why do I need funding for my business? Is your business a ‘leaky bucket’ in the form of too-low pricing, expenses too high, inaccurate book-keeping?
  2. Am I growing too fast? You need to show that you’ve invested in staff and infrastructure to support your further growth.
  3. Is it the right time for me to borrow? Is the industry in a growth phase or in turmoil? Are the interest rates at banks favourable? Is your business stable?
  4. How much money do I need? You need to know exactly how much money is needed and what for. Make sure your business plan reflects these needs.
  5. Can I wait for finance? Whether it’s through a bank or the government, the process is often very slow and frustrating. Be prepared to wait a long time.
  6. Is my credit record clear? This is essential for any kind of loan, no matter where it comes from.
  7. Is my business registered and conforms to all regulations? For an existing business, the entity needs to be registered, have a valid tax clearance certificate and a Vat number.
  8. Can I make repayments? Carefully consider the terms and conditions of the loan to determine whether your business can afford repayments in the specified time-frame, and what the consequences of non-payment will be.

Entrepreneur Magazine is South Africa’s top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it’s launch in 2006. Entrepreneur Magazine is the “how-to” handbook for growing companies. Find us on Google+ here.


Business funding #candle #making #business

#business funding

#

Knowledge Base

Foundations typically fund nonprofit public charities, as defined in Section 501(c)(3) of the Internal Revenue Code. These are organizations whose purposes are charitable, educational, scientific, religious, literary, or cultural. The small number of foundations that give to individuals typically do so to help pay for educational expenses or support artistic or research projects.

By and large, foundations do not make grants to for-profit enterprises. If you are seeking funds to start a for-profit business, please consult the resources below for more information. You might also consult the business section of your local public library, or economic development agencies in your city, county, or state.

Social enterprises

If your for-profit business has a strong social mission, it might be considered a social enterprise. Social enterprise, also known as social entrepreneurship, broadly encompasses ventures of nonprofits, civic-minded individuals, and for-profit businesses that can yield both financial and social returns.

A small but growing number of foundations may provide program-related investments (PRIs) to social enterprises as well as nonprofits. PRIs are low-interest loans that a foundation can give to organizations or projects that match the funder’s giving interests.

See also our related Knowledge Base articles:

Selected resources below may also help.





Grants, funding and assistance – Business Tasmania #online #business

#business grants

#

business.tas. gov.au

Last updated on August 31, 2016

Grants and other funding programs may be available from the Australian, State and Territory governments and, in some cases, from local councils.

Generally there are few grants available for starting a business, and those available are competitive or only available for specific circumstances.

There is, however, a range of assistance including grants available for business activities such as expanding your business, innovation, exporting, and research and development.

Below is a listing of grants and funding sources put together by Business Tasmania. We make every effort to provide accurate and up-to-date information. We have also provided links to sites that give a comprehensive list of government grants.

Please Note
The Department of State Growth has received a number of reports of private operators approaching businesses selling information about government business grants. This information is publically and freely available on this page and the Federal Governments website www.business.gov.au

No Australian government, federal, state or local, charges an online fee for any information on grants and funding.

Flood Recovery Assistance

The State and Federal Governments are providing assistance for businesses and communities affected by the June and July floods. Details are available on the TasAlert website .

General





How to Get Funding from Angel Investors – Small Business #stock #market

#small business investors

#

How to Get Funding from Angel Investors

Tips

  • Angel investors can be an option for start-ups with the potential to earn high profits.
  • Expect close scrutiny. Many angels are former entrepreneurs and like to be involved and give business advice.
  • Angel investors tend to specialize, so look into their investing history to ensure there’s a good match.
  • Related How-Tos

    Feedback

    Small businesses looking for financial help from an angel often turn to individuals willing to invest in promising, start-up opportunities. Angel investors can be a good funding source to consider after you ve tapped your friends and relatives. But angels usually don t write blank checks. They ll want to see progress and a way to exit the deal down the line with meaningful profits. So expect angel investors to do a lot of research and careful investigation into your business plan.

    Be thoughtful in approaching potential investors. Biotech investors, for example, don t want to hear about a clothing manufacturer. A scattershot approach is likely to turn them off. Industry associations, local trade groups or, in some states, business-incubator centers can help point to potential angels.

    Angel investors often invest through groups or networks. These provide due diligence, extra research, access to potential deals and shared expertise that one person operating alone generally doesn t have. For instance, one member of an angel group might have background in a particular industry or the know-how to set up deal terms, sharing that knowledge with the other investors.

    Angel investors are usually thorough, so don t expect to get your money quickly. It could take several months to meet with different individuals or groups and answer all of their questions. (There are exceptions, including the case of Google, which got funding from an angel before its cofounders finished their presentation to him.)

    Because they ll own a part of your company, they ll likely want a say in major decisions, and they ll watch to see whether you listen to them. Don t expect them to write a check and walk away. Many angel investors are former business owners who want to help people like themselves. They may be able to provide good advice based on their previous experiences.

    Getting funding from angel investors isn t easy, but it can be done if you take the right approach and are a good match with their interests. And the benefits can beyond the money for your business, but their expertise in both in business operations and your industry niche.

    Related WSJ Articles and Blog Posts:

    Online Tools:

    • Bplans’ Free Sample Business Plans — Dozens of example business plans from Palo Alto Software, a seller of business-planning software.
    • Finance Primer: A Guide to SBA’s Loan Guaranty Programs — An online training course on financing for a small business and loans from the U.S. Small Business Administration, a federal agency.

Additional Resources:

  • Angel Capital Foundation’s Listing of Angel Groups — Links to dozens of angel networks, capital databases and matching services, and other resources, from an organization founded by the Ewing Marion Kauffman Foundation, a promoter of entrepreneurship.
  • National Business Incubator Association — A directory of business incubators.




More Than 15 Small Business Funding Resources for You #side #business #ideas

#small business funding

#

More Than 15 Small Business Funding Resources for You

Most small business owners can identify with the challenges of getting financing for their business or funding for a new product. There’s no short, easy road to funding, most of the time, but these small business funding resources can help.

Kabbage

Kabbage has to be the most unique small business funding source found recently. They have created a powerful platform that, in my understanding, is creating a real-life look at how your business is doing to help you grow it.

They don’t only look at credit scores, as so many traditional lenders do. They look at things like your Paypal, Ebay, Amazon, or Intuit QuickBooks account to figure out if you qualify and how much of a credit line you can receive. It is impressive.

Kiva Zip

Another innovative program and approach is found with Kiva, the microfinance platform. Etsy wrote about it. There is official information about zero interest (0%) with the Kiva Zip program (in Alpha, not even in Beta), and success stories on the main page.

The Lending Club

The Lending Club is a name that many consumers and business owners have heard before, but it is a site worth checking. Their peer-to-peer approach has taken the banking world by storm and it looks likely to continue in the business loan sector.

SmartBiz SBA Loans

SmartBiz SBA Loans ($5,000 $150,000) is a small business lender, but one that promises a much better process than traditional banks, on SBA type loans. If you’ve ever gone through the SBA formal process, you know that it is rather comprehensive.

Funding Circle

Funding Circle has a large UK presence as well as a US site. It is an online marketplace for small business loans. The site explains you can find out in approximately one week if you qualify for a loan.

MultiFunding

Ami Kassar CEO of MultiFunding has a useful website on how the different funding options work and his consulting brokerage serves as a matchmaker for businesses that need more than just the “best rate” and need help with more complicated loan options.

OnDeck and BoeFly

Here are a couple of other small business loan providers that are promising an easier process, lower rates, and other options that might make their loans more appealing to you. OnDeck and BoeFly .

QuickBooks Financing

QuickBooks Financing has a site dedicated to helping you find the right financing. It is a matching engine that allows their selected lenders to provide you with the right loan. I’m presuming it also uses some of your QuickBooks data, but I’m not certain of that as I did not submit data on the form.

Wells Fargo and SBA Bank of America

There is no shortage of traditional lenders where you can walk into a branch and talk to someone about an SBA loan, so I would be remiss for not including at least a couple that I believe in. The Wells Fargo small business loan page offers a range of good information. And the SBA Loan page at Bank of America may help you sort different SBA options.

Factoring

If you have ever considered factoring, where you get financing based on your receivables, then I recommend this guide from RTS Financial, Your Complete Guide To Factoring.

PayPal Working Capital

PayPal Working Capital lets you pay your loan back as you get paid. A factoring method, of sorts.

Chase Mission Main Street Grants

One of my favorite places to look for less traditional financing options is the Small Business Events here on Small Business Trends. I used it to help compile this list, so I know there are some great funding options, often awards or contests, worth considering. This Chase Mission Main Street Grants is a terrific example. There is new information on the 2014 program.

Government Grants

You may need help to understand if a Government grant is worth pursuing. There are some large scale federal programs that pass funds through to universities and other nonprofit type institutions where you can sometimes find just the right help for your company.

City and State Level Resources

As I mentioned above, there are many city and state level resources, but too many to explain. If you search for your city or state combined with economic development, small business funding, and other related terms, you may find a niche program that serves your needs.

Here is a page from the Nevada Small Business Development Center where you’ll get an idea of what you find at the state level. There are community-focused programs, as an example of a city program, for the Philadelphia area, Loan Programs City of Philadelphia Business Services Center. Scroll down through the long list to find the smaller loan amounts.

Opportunity Finance Network

Opportunity Finance Network (part of Goldman Sachs 10,000 small businesses initiative) is a big initiative sponsored by Goldman Sachs. The goal is to help educate business owners on a wide range of topics, to give you the best chance for success, in addition to access to capital. You must have an established business, with revenues.

There are plenty of sites that offer business loans too many to try and list. There are resources at the State and City level, depending on where you live, that can help you financially. There are also lists of USA State websites that offer resources or details around funding and details available on what it takes to qualify for a small business loan as well as sources of start-up funding .

We welcome you to list resources in the comments. We want to see the path to funding get easier, more transparent, and understandable for small business as a whole and we hope these resources do that for you.

If you have discovered a great resource that can help a small business owner find financing or a grant, please share it below.

TJ McCue served as Technology/Product Review Editor for Small Business Trends for many years and now contributes on 3D technologies. He is currently traveling the USA on the 3DRV roadtrip and writes at the Refine Digital blog.

Latest Trending Business News





Canadian Government Funding Consulting Services #business #administration #degree

#small business consulting

#

Small Business Funding Consulting

As small business funding consultants, we help small businesses improve their performance by analyzing existing business challenges and helping to develop plans for improvement.

As part of our Canadian government funding strategy solutions, Mentor Works provides a range of services including coaching, change management, strategy development, and operational improvement services. We help organizations choose new, more powerful strategies that will increase their effectiveness, and their bottom line.

We accomplish this through planning strategy sessions to support cash flow planning and project management support. Through our Canadian government grants expertise, we can support your team in optimizing project and strategy planning to maximize your available funding opportunities and success rates.

My chief want in life is someone who shall make me do what I can.
– Ralph Waldo Emerson, American Poet, Essayist and Lecturer

Through the consulting process, we focus on funding strategy effectiveness – our Canadian government funding experts take the guesswork out of the process. We understand our clients’ unique needs and priorities, and find funding opportunities to fit their business. The benefits of working with Mentor Works:

  • An Expert Team. Our team are knowledgeable and experienced in the world of Canadian government funding – we understand the programs’ priorities, objectives, and requirements of a winning application.
  • A Proven Process. Our approach to small business grants and Canadian government loans is proven through our track record of success.
  • Access to Consolidated Resources. In our commitment to become Canadian grant funding experts, we have consolidated government funding resources in a systematized way to help you better understand the process.
  • Improved Strategic and Cash Flow Planning. We help businesses prioritize projects and identify the best strategies for timing projects to maximize government funding opportunities.
  • Gain New Perspective and Insight. See your business through the eyes of others and learn to implement an action plan that will improve your success.

How We Can Help You

Partnering with Mentor Works to access Canadian government funding can help your small business accelerate growth, improve capacity planning, and improve cash flow planning. We have helped hundreds of small businesses across the country reduce barriers to business expansion and improve profitability and competitiveness. Our team has direct experience in a range of industries and roles, including healthcare, manufacturing, government, information communication technology (ICT), finance, and economic development. Our industry leading knowledge of the Canadian government funding process can help your team make the best plans for strategic investment, business expansion, R D funding, and human resource onboarding and development.

Mentoring is a brain to pick, an ear to listen, and a push in the right direction.
– John C. Crosby, 19th-Century American Politician

We work with our clients to understand their priorities and help them find and leverage the right support to reduce costs, improve spend timing, improve project outcomes, and increase strategic investment.

Our clients receive funding application support from start to finish through the government funding process to help them:

  • Define their strategic goals and investment priorities;
  • Find and access the right Canadian government grants and loans to fit their needs;
  • Develop a project and business plan to optimize their spend;
  • Evaluate business plans to improve outcomes; and
  • Identify other areas for improvement or strategic funding support.

We help clarify the Canadian government funding process for you. As experts in the process we can identify the Canadian government grants available to your business:

Business Consulting and Canadian Government Funding Support

It has been said that mentoring is a brain to pick, an ear to listen, and a push in the right direction. Mentor Works provides a range of business consulting services to support our clients through the government grants funding process. We accomplish this by offering various programs to suit your needs and interests.

  • Strategic Planning with Funding. Supporting businesses investment and growth plans by identifying funding and cash flow planning strategies to maximize ROI.
  • Business Funding Coaching. Working directly with our team to improve outcomes and support communications throughout the funding process.
  • Funding Project Management Planning. Helping businesses identify the team and developing the project plan to ensure it will be successfully managed.

Get Started with Funding

Mentor Works funding consulting services can result in lowered operating costs, improved talent retention, and a competitive advantage. Find out how Mentor Works can help your business and your results by sending us a message or contact us directly at 1-888-599-3111.





Business funding #busy

#business funding

#

Knowledge Base

Foundations typically fund nonprofit public charities, as defined in Section 501(c)(3) of the Internal Revenue Code. These are organizations whose purposes are charitable, educational, scientific, religious, literary, or cultural. The small number of foundations that give to individuals typically do so to help pay for educational expenses or support artistic or research projects.

By and large, foundations do not make grants to for-profit enterprises. If you are seeking funds to start a for-profit business, please consult the resources below for more information. You might also consult the business section of your local public library, or economic development agencies in your city, county, or state.

Social enterprises

If your for-profit business has a strong social mission, it might be considered a social enterprise. Social enterprise, also known as social entrepreneurship, broadly encompasses ventures of nonprofits, civic-minded individuals, and for-profit businesses that can yield both financial and social returns.

A small but growing number of foundations may provide program-related investments (PRIs) to social enterprises as well as nonprofits. PRIs are low-interest loans that a foundation can give to organizations or projects that match the funder’s giving interests.

See also our related Knowledge Base articles:

Selected resources below may also help.





Canadian Government Funding – Small Business Grants #unique #business #ideas

#small business grants

#

Canadian Government Funding for Small Businesses

Mentor Works has worked with hundreds of SMEs across Canada to solve one wide sweeping issue: cash flow planning. The challenge facing most Canadian businesses is how to find and take advantage of suitable Canadian government grants and loans to assist with their cash flow and accelerate their growth. Browse a list of top small business funding programs to find out what your businesses can leverage:

List of Canadian Government Grants and Loans for Small Businesses

We have created a table of some of the most popular government grants for small business units in Canada, including repayable funding options, splitting them up into:

Each program has specific and unique eligibility criteria that you should review prior to applying to ensure your business and project are eligible. If you would like information on a specific program, please click on the program name to learn more. Have questions about the program? Fill out the form at the bottom of the program page, call our toll free number (1-888-599-3111), or send us a message via our Contact Form .

Government
Funding
Program

Receive up to $100k in grant funding towards an industry post-secondary collaborative research project to create new water technologies that will:

  • Commercialize new water technologies
  • Bring new water technologies to market
  • Tap into the global water demand

Industry-led Research Development Stream: Supports pre-commercialization R D, leading to new agri-based products, processes, and practices.

  • Combines industry, academia, government expertise to promote innovation
  • Scope may be national, regional, or localEnabling Commercialization Adoption Stream: Accelerates the rate of identification, assessment, development and adoption of innovation-based products
  • Commercialization projects of a new product or innovation
  • Technology adoption projects to improve internal operations or end products

Provides non-repayable funding support to Canadian agriculture, agri-food, fish, and seafood industries by allowing them to identify market priorities and carry out marketing activities to develop export opportunities:

  • Development and production of advertising materials
  • Trade shows, conferences, and trade missions
  • Implementing marketing and branding plans

Apprenticeship Job Creation Tax Credit

Supports the training and certification of new trades apprentices through wage subsidies. Credit covers the training of new trades employees.

Apprenticeship Training Tax Credit (Ontario)

Incentive to allow SME s to hire new apprentices in trades.

  • Register new trades apprentices in sectors where there is high demand for skilled workers

Automotive Innovation Fund (AIF)

Supports the development of innovative, fuel-efficient new automotive products and processes to:

  • Create knowledge-based jobs in Canada;
  • Improve automotive sustainability and environmental impacts; and
  • Improve Canada s competitiveness.

Automotive Supplier Innovation Program (ASIP)

Provides research and development grants to assist with innovative automotive product development. Ideal projects activities:

  • Prototyping;
  • Product engineering; and
  • Pre-commercialization testing and validation.

Build in Canada Innovation Program (BCIP)

The Build in Canada Innovation Program is a first purchase program offered by the Canadian government.

  • Pre-commerical, innovative product or service opportunity to bridge the commercialization gap
  • Must be of use to the Canadian government by improving efficiency and effectiveness

Receive up to 66% or $10K in training grants per trainee to enhance your workforce.

  • Most training that improves skillsets and career advancement is eligible.
  • Training can be carried out throughout the calendar year.
  • Program available from 2014-2020 with an annual funding pool of $192M in Ontario.

Grant for developing, producing, and promoting innovative, interactive software development projects including apps and video games.

  • 3 streams: Development, Production or Marketing Promotion
  • Covers up to 75% of eligible costs up to $400k/$1 million
  • Canadian companies can apply if ≥75% of content is developed in Canada

Small businesses with $10M in annual gross revenues can receive loan funding for expansion activities up to $1M.

  • Competitive interest rates
  • Can apply at a financial institution or credit union
  • May require a business plan





Invoice Factoring Companies #factoring, #invoices, #funding, #cash, #financing, #receivables, #eagle,


#

Eagle helps me build my business and pay my crew.

The out-of-pocket costs that come with a construction
business make it hard to keep up sometimes. Luckily,
Eagle Capital provides the funding contractors need to
pay for supplies, equipment, and manpower. We know
you can t get paid until the work gets done.
Eagle can take you there.

Eagle helps us fill new orders and stay in the black.

Manufacturers who are growing their way out of the
recession need a financial partner who can provide the
cash flow they need to meet new demand. For more
than a decade, Eagle Capital has provided low-cost,
no-risk funding to growing businesses. Make sure
you have the cash flow you need to succeed.

Eagle keeps me on the road. Not behind a desk.

Professional carriers know—you make money when you re on the road, not tracking down unpaid invoices and fiddling with paperwork. Eagle Capital pays you for your work the same day we receive your invoice, keeping a steady, reliable cash flow pumping through your business.
Get out there.

Eagle supports my independence—in every way.

For more than a decade, Eagle Capital has kept independent
owner-operators on the road with fair financial help and
cash flow when you need it most. Now, Eagle is also
a gold corporate supporter of the Owner-Operator
Independent Drivers Association, offering special
deals for OOIDA members.

Your Premier Non-Recourse Accounts Receivable Factoring Company

If you own or manage a business, then you understand the importance of constant cash flow to help you stay successful. Without it, everything comes to a grinding halt – and that means big problems.

At Eagle, we become the financial partner necessary for any business to thrive in today’s economy. We help clients focus on the future of their business by providing them with instant cash flow, debt protection and assistance with resolving the daily headache of back office accounting tasks. Our clients spend their time looking for future work with new clients rather than chasing down old customers to pay them for work already completed.

Eagle soars above the rest. Eagle is the only factoring company that offers Top Flight’s true non-recourse accounts receivable funding program. If you sell an invoice to Eagle for work you completed as required by a customer, and the customer DOES NOT pay, we will not hold you responsible. Eagle absorbs the funds on your behalf – leaving you with a clean financial statement.

Funding for Small Businesses

For nearly 20 years, we have helped thousands of businesses in transportation. manufacturing. construction and many other industries maximize their true potential. We provide a very simple, yet effective exchange that works for a range of businesses. Our clients submit an invoice to us and often on the same day, we provide cash. We understand that when you your business is growing, you need capital at the right time. And that’s exactly what we deliver.

Our Factoring Process

As the premier provider among invoice factoring companies, we have developed an easy process to help your business obtain the financial partner it needs. With the added addition of our newest program, Top Flight, we are able to utilize today’s technology to deliver the same world-class customer service Eagle is known for at a speed that was considered impossible just a few years ago.

Our process works like this:

  1. 1. You complete a job or service for your customer
  2. 2. You send the completed invoice to our team at Eagle
  3. 3. You get the cash instantly -often on the same day!

It’s that simple!

We will immediately transfer your cash to your account, minus our reasonable, non-fluctuating service fee. After we collect the funds from your customer, the entire process is finished.

At Eagle we have the solution your business needs to stay ahead of the competition as well as maintain production and expand your operations. We will also provide free business advice and solutions for your unique opportunities.

Let Eagle help your business soar! Call us today at 800-483-7079.

The Bottom Line

You ll always have cash flow to meet payroll, buy equipment and supplies, and fill new orders.

No-risk funding means that we cover your losses if we approve your customer and they don t pay.

No nickel-and-diming. No start-up fees, no monthly maintenance fees, no minimum or maximum credit limits.

Eagle always gives you personal, one-on-one attention. No computerized phone systems. No voicemail.

24-7 access to your reports through your online Eagle account. Keep tabs on your customers and invoices.

Eagle helps you keep a clean financial statement.

No fine print. Ever. Eagle gives it to you straight.

It s your money—Eagle makes sure you get it when you need it, often on the same day we receive your invoice.

Eagle won t lock you in to a time constraint in our contract. If you decide to leave Eagle (and we don t think you will), there s no penalty.

We don t lock you in to time constraints in our contract. If you ever decide to leave Eagle (and we don t think you ll want to), there s no penalty.

No more chasing down unpaid invoices. Eagle does the legwork and handles your collections.

Fast service. Accurate accounting. Tremendous staff. Put another way; Eagle is our most sensational business partner.

— Fredrik H. Trucking

The level of service that you have provided to me and my company far exceeds the benefits of canned beer!

— Dave P. Logistics

We got in a bind and I exhausted my working capital. Eagle helped restore it.

— Mark S. Security

Factoring with Eagle Capital has made it possible for us to maintain our cash flow, keep bills paid on time, and not spend any of our valuable time collecting for freight bills.

— Lori B. Trucking

The reality of waiting 30 to 45 days, or sometimes 60 days to get paid is almost too overwhelming for anybody. EagIe relieves me of that stress.

— Jodie T. Freight Brokerage

Eagle Capital Corporation. All rights reserved.

Eagle Capital Corporation – 2605 Old Belden Circle Tupelo. Mississippi 38801 | Phone: +1 (662) 840-0433


Global Business Funding Group #global #business #funding #group


#

Global Business Funding Group
Company Information

145 Wood Rd
Braintree. MA. 02184 United States
(781) 380-8860
http://www.globalbfg.com

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  • Build customized email lists 24/7, based on your best customer profile.
  • Learn more about the companies you want to sell to. Hoover’s has reports on 85+ million companies and 900 industries. 65,000 data points are updated each day.
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  • We can deliver our data to your desktop, to Excel, direct to your CRM, into your custom app, or via mobile.

Call (866) 473-3932 today to get started with a FREE TRIAL !

Global Business Funding Group Company Profile

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Related Tags


Funding Options for Bad Credit Risks #credit #repair #business

#bad credit business loans

#

Funding Options for Bad Credit Risks

For better or worse, your credit score has become your SAT score when it comes to financing. If you have a high score, you ll have a pretty easy time getting credit offers from a wide variety of funding sources. If your score is low or nonexistent, however, you won t.

But a low score isn t something you can run away from, and even if you avoid it, it won t go away. The trick is to fund your business in ways that actually get your score back on track so when you re ready to move your business to the next stage, your score will start opening doors rather than getting them slammed in your face.

Here are some ideas for entrepreneurs with low scores who are faced with funding challenges:

1. Look beyond credit cards and bank loans for financing. Studies show that credit card and bank financing account for just 25 percent of the total funding needs of early-stage entrepreneurs. This statistic should provide you some comfort, because it implies that 75 percent of the money you need can come from other sources that rely less on your credit rating.

While there are credit cards and lending programs designed for individuals with poor credit, these options will typically charge a higher interest rate to compensate for the credit risk posed by a sub-prime borrower. One bank option for those with poor credit scores is a home equity line of credit, though I d be wary of putting your home on the line to finance a risky early-stage venture.

2. Seek loans from your relatives and friends. Everyone likes the idea of entrepreneurship, which may be why, at some point, more than 50 percent of all business owners get financing help from friends and relatives. Chances are, your relatives and friends want to see you succeed and may be able to help make your business dream a reality. They also may not dwell on your poor credit score because they trust you, or they believe your business concept to be sound. (Banks used to evaluate your character and business conditions the way family and friends still do, but credit scoring models have made lending decisions more automated, resulting in the critical power your credit score holds over you.)

If you follow the advice I have shared in previous columns on identifying private lenders and understanding their risk profile. you should be able to get access to cheap, quick and patient business capital. Also, you can now use private loans from relatives, friends and business associates to rebuild your credit score if you use a loan management company to service the loan and report payments to credit bureaus.

3. Investigate microlenders and web-based lenders. There are several nonbank lenders on the internet that now offer microloans to entrepreneurs. These loans are typically in the $5,000 to $25,000 range. Some of these sites are excellent sources of capital for those with poor credit and will also report your payments to credit bureaus which can help raise your credit score if you make timely payments. Be sure to shop around and compare rates since each site offers a twist on how they price loans and spread risk to their lenders/investors. These sites include:

For borrowers who don t have strong credit scores, the interest rates on loans from these sources will tend to be high. For a comparison, the average rate on business loans from relatives and friends is currently at 7.6 percent, according to CircleLending s Business Private Loan Index, whereas the rate was more than 12 percent at Accion and more than 20 percent at Prosper for individuals with poor credit.

If you re accustomed to credit-card-level interest rates, these rates may seem affordable, but remember this: You can make partial payments on credit card debt whereas installment loan agreements may restrict you from making partial payments.

There may be subsidized microlenders in your state that offer more flexible terms; since they re small, they may not have a website or web-based loan application form, however, and may be hard to find. Check www.microenterpriseworks.org to search for nonprofit organizations in your community that have programs for business owners with poor credit. Most states now have at least one microlender. For some business owners, flexibility of repayment is more important than getting a slightly lower rate.

4. Don t overlook gifts and grants. If you need to avoid making debt payments, focus on getting free money in the form of gifts and grants. Your search will be long and hard–despite what you read on the internet, there is no silver bullet here. Be wary of services that promise to locate government grant programs for you. You ll need to do your homework to locate programs that are available for your type of business. Health-care businesses, technology companies, and retail businesses in low-income areas tend to qualify for grant money. Other forms of free money include gifts from relatives, free office space from former employers, and free services from friends or business associates. If you re creative, you can reduce your startup costs by brainstorming a list of people who would be willing to provide you with gifts and subsidized loans.

Copyright 2016 Entrepreneur Media, Inc. All rights reserved.





Business Loans, Acquisition Funding, Commercial Banking – Opus Bank #loans #for #women

#business acquisition loans

#

Business Loans

Opus Bank’s portfolio of products, services and solutions are particularly well-suited to support small to mid-sized businesses with revenues from $5 million to $100 million and more. Opus Bank has commercial business banking resources to help your business grow and expand. We believe in building long-term business partner relationships, so you can count on us to be there as you grow.

​LENDING THAT MAKES SENSE

We know every business is unique, which is why our “common sense underwriting” is designed to help you capitalize on the opportunities that make sense for your business. Our Business Bankers are experts at finding the right financing solution for your business.

BUSINESS LOANS

Opus Bank has an extensive array of capital financing to help you achieve your business goals and aspirations.

  • Equipment Loans – Our Equipment Loans can help you purchase equipment, vehicles, or make capital improvements.
  • Business Acquisition Term Loans – Our Business Acquisition Term Loans can be structured to provide cost-effective financing for purchasing another business.
  • Owner-Occupied Real Estate Loans – We can help with the purchase or refinancing of an existing facility, or with the construction of a new facility through our Owner-Occupied Real Estate Loans.
  • Small Business Loans – As a Small Business Administration Preferred Lender, Opus Bank can help you secure the critical funds you need.

Financing subject to credit and collateral approval by Opus Bank





Funding Request #business #website #builder

#writing business plan

#

If you are seeking funding for your business venture, use this section to outline your requirements.

Your funding request should include the following information:

  • Your current funding requirement
  • Any future funding requirements over the next five years
  • How you intend to use the funds you receive: Is the funding request for capital expenditures? Working capital? Debt retirement? Acquisitions? Whatever it is, be sure to list it in this section.
  • Any strategic financial situational plans for the future, such as: a buyout, being acquired, debt repayment plan, or selling your business. These areas are extremely important to a future creditor, since they will directly impact your ability to repay your loan(s).

When you are outlining your funding requirements, include the amount you want now and the amount you want in the future. Also include the time period that each request will cover, the type of funding you would like to have (e.g. equity, debt), and the terms that you would like to have applied.

Once you have completed your funding request, move on to the next part of your plan – Financial Projections .





Hermes Real Estate Investment – Financial Report #hermes #real #estate #investment #annual


#

  • VC FUNDING DEALS: Full access to 91,732+ Funding Deals, including breakdowns, terms, and analysis. (View Sample VC Funding Deal. View VC Funding Search )
  • PRIVATE M A DEALS: Full access to 60,928+ M A and Private Equity Deals, including deal multiples, deal advisors, and more. (View Sample M A Deal. View M A Deal Search )
  • INVESTOR RECORDS AND EMAILS: Full access to 20,616+ Investor Profiles, including PE Firms, VC Firms, Angel Groups, & more with PARTNER & EXEC. NAMES AND DIRECT EMAILS! (View Sample Investor Report )

Hermes Real Estate Investment Management Limited is a privately-held company that operates in the real estate industry. Hermes Real Estate Investment Management Limited headquarters are located in Tower Ward, United Kingdom. Hermes Real Estate Investment Management Limited was founded in 1990.

Finding information on private companies can be painful. That’s why we created PrivCo – the ultimate private company financial research database – and why we have become the private company research provider and partner for hundreds of clients worldwide

Clients often ask us how we get our data. There’s no simple answer. Collecting private company financial data takes time, hard work, and intelligence. We are composed of people who have been in your shoes and we’re obsessed with tracking private companies. More specifically, we use a technology-assisted data gathering process to pull relevant information from thousands of different sources across the following main categories:

  • Regulatory filings
  • Legal exhibits
  • Business journals trade publications
  • News sources
  • Industry research
  • Company sources

Our primary focus is on collecting revenue and employee figures of private companies. From there, we build reports with additional information such as a business summary, recent transactions, funding history, ownership details, contact information, and anything else we can find to offer you the most comprehensive insight on private companies.


Small Business Loans and Small Business Funding #yellow #pages #business

#small business lending

#

OnDeck

Small Business Loans

Financing is critical to the health of small businesses. In order to grow, businesses need loans to purchase inventory, maintain cash flow, hire new employees, purchase equipment and invest in their business. Yet, a landmark study by Harvard Business School shows that bank loan availability to small businesses plummeted during the recession and has stayed at these low levels since.

Interested in financing for your business? Get a true loan decision in minutes with OnDeck.

A New Approach to Business Loans from OnDeck

Launched in 2007, OnDeck uses technology to make the small business borrowing process fast and easy. We deliver loan decisions in minutes and funding in as fast as one business day. By focusing on the health of your business rather than your personal credit score, OnDeck has higher approval rates than most banks.

  • Over $2 billion delivered to small businesses nationwide in approximately 700 industries
  • A+ Better Business Bureau rating, backed by Google Ventures, featured in the Wall Street Journal
  • Loan amounts from $5,000 to $250,000

Apply Now

Frequently Asked Questions

Q: Why is it so hard for small businesses to get financing?

A: Small business lending has been slow to recover since the recession. Traditional lenders lack an efficient system to underwrite small businesses, so many tend to defer to the personal credit score of the business owner as a measure of creditworthiness. It’s also cost prohibitive to underwrite smaller sized loans – it’s more profitable to make a $3,000,000 loan than it is a $30,000 loan.

Q: How come OnDeck can approve so many more businesses?

A: We use our OnDeck Score™ technology to make financing decisions based on the health of the business, rather than a personal credit score. We look at a variety of data points when analyzing businesses, and are able to deliver decisions in minutes and funding in as fast as 1 business day.

Q: What are the requirements for working with OnDeck?

A: Our minimum requirements are less stringent than traditional lenders. Although we look at a variety of data points when analyzing businesses, we require at least $100,000 in annual revenue and one year in business.

Q: How is an OnDeck loan different from a traditional bank loan?

A: OnDeck is different than traditional lenders in a several ways:

  • Our loans are between $5,000 – $250,000, with terms between 3 to 24 months. Bank loans typically have larger sizes – up to $5 million – and can have terms anywhere from 2 – 25 years.
  • OnDeck makes funding decisions minutes and can deliver funding in as fast as 1 business day, while banks can take up to 2 weeks to review the application and an addition 30 – 60 days to fund the loan if approved.
  • OnDeck also deducts a fixed, daily payment directly from your business bank account each business day, which helps to ensure minimal impact to your cash flow. Traditionally, banks collect payments on a monthly or quarterly basis.




Small Business Investors – Funding – Finance for UK Businesses #work #from

#small business investors

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Funding for Small Businesses

Where does someone look for funding if they are a small business? Business loans are only possible if the company has been in business for some time, but most young businesses are looking to expand and so they need other options to raise business capital.

Government grants are another possibility. However, the process of obtaining funding this way is notoriously difficult. The UK government has claimed that this is a sort to test to see how much they need the funding, but the reality is that it is regulated by EU legislation. On the other hand, the EU itself does not fund anything beyond public sector ventures.

There are also sites that offer local grants to small businesses around the UK, including local councils and large companies such as BT and O2, but the latter are usually competitions. Sites such as Business Zone UK list various business grants and awards available to UK entrepreneurs, but the number of proposals and funding amounts are usually quite limited.

More common options for business funding are Angel Investors and Venture Capitalists, both of which will invest significantly higher amounts in your start-up or small business. However, both Angel Investors and Venture Capitalists will want some control of your business and guarantees of a good return on investment in exchange for their money. But at the same time, they offer the experience which could be that factor which allows your business to succeed in the first place.

Remember, the investor is looking to make money just as you are, and so it will be a venture that both sides enter together as a partnership. This means that anyone who invests in a small business will do everything possible to ensure that they are making a sound investment. They will check your business plans thoroughly, and make sure that they themselves believe in your business idea and future plans.

Finding funding for your small business or start-up can take a long time, but the Angel Investment Network can help you make vital contacts with experienced angel investors who are looking to make an investment.

Recent Proposals

500,000 Req 10,000 Min

Live life, free. VolunteerAnything.com is a technical solution to Everyday Poverty and with investment we will change the world.

150,000 Req 80,000 Min

A****** is an innovative menu display touch screen project that supports menu allergen display at food serving premises in order to comply with FIC law.

100,000 Req 5,000 Min

Our team (experienced) will sell all products on Installments (Leasing) to enhance the buying power of Public as well as will earn 36% on every sale in one year.

20,000 Req 10,000 Min

Got contacts from my last position so ready to hit the ground running.

200,000 Req 25,000 Min

I am acquiring an established, proven business who’s existing owner is retiring. I need short-term cash (3 years) to restructure the business, generating significant returns.

3,000,000 Req 100,000 Min

Algaesys Ltd is a process contractor delivering our new proven algae-based treatment for small municipal wastewater. The process is driven by the sun, not electricity.





Business funding #business #cars

#business funding

#

Knowledge Base

Foundations typically fund nonprofit public charities, as defined in Section 501(c)(3) of the Internal Revenue Code. These are organizations whose purposes are charitable, educational, scientific, religious, literary, or cultural. The small number of foundations that give to individuals typically do so to help pay for educational expenses or support artistic or research projects.

By and large, foundations do not make grants to for-profit enterprises. If you are seeking funds to start a for-profit business, please consult the resources below for more information. You might also consult the business section of your local public library, or economic development agencies in your city, county, or state.

Social enterprises

If your for-profit business has a strong social mission, it might be considered a social enterprise. Social enterprise, also known as social entrepreneurship, broadly encompasses ventures of nonprofits, civic-minded individuals, and for-profit businesses that can yield both financial and social returns.

A small but growing number of foundations may provide program-related investments (PRIs) to social enterprises as well as nonprofits. PRIs are low-interest loans that a foundation can give to organizations or projects that match the funder’s giving interests.

See also our related Knowledge Base articles:

Selected resources below may also help.





Canadian Government Funding – Small Business Grants #business #loans #for #bad #credit

#small business grants

#

Canadian Government Funding for Small Businesses

Mentor Works has worked with hundreds of SMEs across Canada to solve one wide sweeping issue: cash flow planning. The challenge facing most Canadian businesses is how to find and take advantage of suitable Canadian government grants and loans to assist with their cash flow and accelerate their growth. Browse a list of top small business funding programs to find out what your businesses can leverage:

List of Canadian Government Grants and Loans for Small Businesses

We have created a table of some of the most popular government grants for small business units in Canada, including repayable funding options, splitting them up into:

Each program has specific and unique eligibility criteria that you should review prior to applying to ensure your business and project are eligible. If you would like information on a specific program, please click on the program name to learn more. Have questions about the program? Fill out the form at the bottom of the program page, call our toll free number (1-888-599-3111), or send us a message via our Contact Form .

Government
Funding
Program

Receive up to $100k in grant funding towards an industry post-secondary collaborative research project to create new water technologies that will:

  • Commercialize new water technologies
  • Bring new water technologies to market
  • Tap into the global water demand

Industry-led Research Development Stream: Supports pre-commercialization R D, leading to new agri-based products, processes, and practices.

  • Combines industry, academia, government expertise to promote innovation
  • Scope may be national, regional, or localEnabling Commercialization Adoption Stream: Accelerates the rate of identification, assessment, development and adoption of innovation-based products
  • Commercialization projects of a new product or innovation
  • Technology adoption projects to improve internal operations or end products

Provides non-repayable funding support to Canadian agriculture, agri-food, fish, and seafood industries by allowing them to identify market priorities and carry out marketing activities to develop export opportunities:

  • Development and production of advertising materials
  • Trade shows, conferences, and trade missions
  • Implementing marketing and branding plans

Apprenticeship Job Creation Tax Credit

Supports the training and certification of new trades apprentices through wage subsidies. Credit covers the training of new trades employees.

Apprenticeship Training Tax Credit (Ontario)

Incentive to allow SME s to hire new apprentices in trades.

  • Register new trades apprentices in sectors where there is high demand for skilled workers

Automotive Innovation Fund (AIF)

Supports the development of innovative, fuel-efficient new automotive products and processes to:

  • Create knowledge-based jobs in Canada;
  • Improve automotive sustainability and environmental impacts; and
  • Improve Canada s competitiveness.

Automotive Supplier Innovation Program (ASIP)

Provides research and development grants to assist with innovative automotive product development. Ideal projects activities:

  • Prototyping;
  • Product engineering; and
  • Pre-commercialization testing and validation.

Build in Canada Innovation Program (BCIP)

The Build in Canada Innovation Program is a first purchase program offered by the Canadian government.

  • Pre-commerical, innovative product or service opportunity to bridge the commercialization gap
  • Must be of use to the Canadian government by improving efficiency and effectiveness

Receive up to 66% or $10K in training grants per trainee to enhance your workforce.

  • Most training that improves skillsets and career advancement is eligible.
  • Training can be carried out throughout the calendar year.
  • Program available from 2014-2020 with an annual funding pool of $192M in Ontario.

Grant for developing, producing, and promoting innovative, interactive software development projects including apps and video games.

  • 3 streams: Development, Production or Marketing Promotion
  • Covers up to 75% of eligible costs up to $400k/$1 million
  • Canadian companies can apply if ≥75% of content is developed in Canada

Small businesses with $10M in annual gross revenues can receive loan funding for expansion activities up to $1M.

  • Competitive interest rates
  • Can apply at a financial institution or credit union
  • May require a business plan





Business funding options #stock #prices

#business financing options

#

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This page is not suitable for viewing using your current internet browser. Please update your browser to a more up to date version before proceeding. See how to update your browser .

Business finance options

Finance from your bank

Banks offer a range of financial support options for your business. They can also provide advice on the most suitable route for you. The options presented to you may include:

A business loan over a fixed term

With this option, money is borrowed over a set period of time and repaid with interest in agreed instalments usually monthly. A business loan can be used for working capital or to support your medium and long-term plans.

Business overdrafts and credit cards

Businesses may use an overdraft or credit cards to help them when cash levels are low or if the business is more seasonal. They can work if you need an extra source of money to dip into during quieter times, so that you can keep trading until the cash starts coming in again. Barclaycard Business credit cards are another way of providing you with short term credit. They are also a great way to manage and regulate staff spending.

This allows businesses to borrow against the value of their unpaid invoices. Using a cashflow finance solution means that within 24 hours 1 of you issuing an approved invoice, you could receive up to 85% of its face value. You then receive the remainder of the invoice value (minus charges for the invoice financing service) when the invoice is paid by your customer.

Borrowing against assets

You can borrow money against a range of your company s assets, including property, inventory or equipment. The amount you could borrow will depend on the value of the asset, but this can be an effective way of raising cash for working capital or investment.

If you re looking to buy or remortgage business premises, you might consider talking to a Commercial Finance Broker or a Barclays Business Manager they will provide independent advice, take you through the options available to you and deal directly with the lender on your behalf.

The Enterprise Finance Guarantee (EFG) scheme

If you ve got a strong business idea or project, but are finding it difficult to get a loan agreed because of insufficient security to meet a lender s normal criteria, the Enterprise Finance Guarantee scheme may help. The scheme is available to those who meet the criteria specified by the British Business Bank .

Business grants

A range of government grants are available under the Government Solutions for Business scheme, administered by a number of different bodies. Most are linked to specific activities, such as research and development. Government grants don t have to be repaid, so they won t be a drain on cashflow, but you will have to meet strict qualification criteria.

Investment

Offering a share of your company (or equity) for an investment by a third party could be an effective way to raise cash. In contrast to a business loan from a bank, you may not have to make any repayments on the money invested. However, so-called angel investors (wealthy individuals who back businesses with their own money) and venture capitalists can strike a hard bargain in terms of the share of your company they take in return for their investment. This kind of investment is often used for financing growth plans.

Family and friends

This is an option that a lot of people will consider, but it s important to weigh up the pros and cons.

  • An investment from family or friends can mean more flexibility if they know you personally they may be more lenient with repayments and allow you to delay until your business is making a profit
  • You may be able to run a loan from friends and family alongside a business loan from your bank, as long as you know you can repay all of the money you borrow in line with the agreements that have been set in place
  • Borrowing money or asking them to invest in your business is a serious commitment on both sides everyone should be clear on the terms
  • Any ambiguities could risk damaging your relationship in the future, so it s advisable to draw up a formal contract with help from an independent solicitor

If you have a Barclays Business account we can arrange a free session with a local solicitor for you talk to your Barclays Business Manager to make the arrangements.

The article is intended for information purposes only. You should always seek independent advice before making changes to your business.





Funding Request #starting #a #business

#writing business plan

#

If you are seeking funding for your business venture, use this section to outline your requirements.

Your funding request should include the following information:

  • Your current funding requirement
  • Any future funding requirements over the next five years
  • How you intend to use the funds you receive: Is the funding request for capital expenditures? Working capital? Debt retirement? Acquisitions? Whatever it is, be sure to list it in this section.
  • Any strategic financial situational plans for the future, such as: a buyout, being acquired, debt repayment plan, or selling your business. These areas are extremely important to a future creditor, since they will directly impact your ability to repay your loan(s).

When you are outlining your funding requirements, include the amount you want now and the amount you want in the future. Also include the time period that each request will cover, the type of funding you would like to have (e.g. equity, debt), and the terms that you would like to have applied.

Once you have completed your funding request, move on to the next part of your plan – Financial Projections .