HOW TO GET YOUR BUSINESS FUNDED
BUSINESS FUNDED You have the idea, the manpower, and the expertise to get your business up and running tomorrow. All you need is the capital. For many people, this is the hardest part, but this phenomenon is mostly psychological and based in fear. You have already done all of the hard work; an investor would be foolish not to at least give you an audience.
It is a general thinking that a business plan cannot help you get a business loan. It is a wrong notion. There are various options to get finance for a new venture. Investors are willing to invest in a documented business plan. The financing companies need a good idea. Your documented business idea should portray your company, product, and people in it. These are the things which encourage investors to invest in your business plan.
If you want to know how to get your business funded, here is how to push an investor that extra step to get your funding. Step 6 Step 5 Step 4 Step 3 Step 2 Step 1
HOW TO GET YOUR BUSINESS FUNDED:
HOW DO YOU PLAN TO PAY ME BACK?
STEP 1 Make sure that your business plan is airtight. Investors will ask all manner of questions. The most important one is this: How do you plan to pay me back?
HOW TO GET YOUR BUSINESS FUNDED:
STEP 2 Have your elevator pitch ready. No one wants to be bored with the details right off. Think of investing like a date. You don’t want to reveal too much too early. You want to excite at the start. Sell the sizzle, not the steak.
HOW TO GET YOUR BUSINESS FUNDED:
STEP 3 Utilize as much multimedia in your presentatio n
HOW TO GET YOUR BUSINESS FUNDED:
 Investors will want to know that you have a method of making money, not just a killer product.
STEP 4 Make sure that you have not only the product or service providers inside of your camp, but also someone that can sell that product or service for you.
HOW TO GET YOUR BUSINESS FUNDED:
 Investors will want to know that you have a method of making money, not just a killer product.
STEP 5 Clean up your personal credit before starting the process of creating a business entity
HOW TO GET YOUR BUSINESS FUNDED:
STEP 6 Choose your business entity, name, logo, take care of all relevant taxes and fees, and create that business entity before you go in to visit investors.
DIFFERENT SOURCES THAT CAN FETCH YOU MONEY
Before looking for money, you should know what kind of finance is needed by your company. Different ventures need a different kind of funding and you need to know who will be interested in investing in your type of business.Â
Small Business Administration
Friends And Family Other Commercial Lenders
We shall learn whom to approach and how to go ahead with it.
Small Business Administration To take a startup loan there are few minimum requirements of SBA. The business owner needs to supply minimum one-third of the required capital. The remaining amount should be guaranteed by business or personal assets.
SBA works with banks which are certified lenders. If your bank is a certified lender, it will take only a week’s time for it to approve your loan.
Friends And Family You can approach your friends and family for financial help, but you should know what is at risk. You should be careful when you are taking a loan from these resources.
If you are not sure that how will you be able to generate the money to return, you should not take this risk.
Other Commercial Lenders There are some investors similar to venture capital. These are wealthy individuals and a group of investors who invest in start-ups. The wealthy individuals are termed as angels and group of investors are referred as doctors and dentists.Â
These commerci al lenders can provide you the investme nt you need to start your business.Â
If you are looking for a quick loan for your dream business, you can put your trust in our services.Â
You can get help from Midwest Corporate Credit. We can connect you with various institutionalized investors of America. We have a team of experts with an experience of more than 10 years in creating a network of lenders. Our team not just determines a good financing mix for your venture but also give you an estimate of getting a loan from various investors present in our network.
CONTACT US ADDRESS: HOURS OF OPERATION: FRONT DESK: EMAIL:
1S280 Summit Ave E2, Oakbrook Terrace, IL 60181
Mon – Fri, 9 AM – 5 PM
(630) 3766063 info@midwestcorporatecredit.com
Website: http://midwestcorporatecredit.com/how-to -get-money-for-business/
THANK YOU