Financing
What does a bank look for when you are seeking financing for your business? Do you have a strong
business plan? Are you seeking the correct type of loan for your needs?
Attend the BizLaunch Financing Workshop. |
Consider these financing tips to get started:
- Develop a strong business plan
- Create a realistic cash flow forecast
- Calculate exactly how much money you will need
- Identify the best type of loan to meet your business objectives
- Determine exactly when you’ll need the loan (even if you don’t think you’ll need
financing right away, its always best to be prepared)
- Prepare the loan package
- Make sure you have the 5 C’s: character, cash flow, collateral,
capital & conditions
The BizLaunch office offers free access to online services to help you with financing. In addition,
BizLaunch can provide one-on-one guidance on developing a financing strategy. For more information,
visit BizLaunch.
For more information on financing, visit these Web sites:
Venture Capital
Seeking funding through venture capitalism is another option to finance your businesses. According to
the SBA, venture capital is, “Money used to support new or unusual commercial undertakings; equity, risk
or speculative capital. This funding is provided to new or existing firms that exhibit above-average
growth rates, a significant potential for market expansion and the need for additional financing for
business maintenance or expansion.”
Listing of Venture Capital firms.
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