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The Basics of Small Business Loans [WEBINAR]

Up and Running

As I’ve been working in this industry, as Sabrina started out said, I was the Chief Marketing officer of CAN Capital which is a big alternative lender and now I’m the Vice President of SmartBiz SBA Loans. It’s a really great way to get funded from an angel perspective, and also get introductions to that angel group.

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What are the odds of your startup’s success?

Berkonomics

The Angel Capital Association recently published a study contributed to by several of my friends quoting that seventy percent of investments made by angel investors to date return less than the amount invested – upon a sale or closing of the business – the great majority of these outright losses as businesses die.

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Startups: What are your odds for success?

Berkonomics

The Angel Resource Institute (ARI) recently published a study conducted by well-respected Rob Wiltbank, quoting that seventy percent of investments made by angel investors to date return less than the amount invested – upon a sale or closing of the business – the great majority of these outright losses as businesses die.

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How to Secure Funding for Your Startup (with INFOGRAPHIC)

Up and Running

Small Business Administration (SBA) may also be able to offer assistance through loan financing, bond guarantees or by helping you find venture capital. Assembling investors is another useful option if you need more in the bank, as venture capital groups or angel groups can provide extra leverage.

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Options for Small Business Financing

The Entrepreneurial Mind

If you are going to have any luck with bank loans, your best shot is with a community bank with a strong SBA lending track record. Local angel groups are becoming more active with smaller levels of funding for emerging businesses. Leverage your social media network. They charge a small fee only when a loan is secured.

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Lean Business Planning with Tim Berry [VIDEO]

Up and Running

Having said that, if you are, what I see in our group is the lean business plan is initially in the background, it’s your screenplay for your movie. It’s your plan that you go to as you develop summary and pitch, and most important, I see a hundred pitches a year because I do judging for some other angel groups and so on.

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