article thumbnail

9 Steps to Handle Business Loan Rejection

Up and Running

You can also ask your bank about SBA-backed borrowing. SBA stands for Small Business Administration, a federal agency that often provides partial guarantees on small business loans to promote small businesses. As mentioned before, angel investment and venture capital, and even peer-to-peer lending are also great options.

SBA 163
article thumbnail

8 Steps to Starting Your Own Business

Up and Running

Instead, your plan can follow a Lean Planning process that involves creating a pitch , forecasting your key business numbers, outlining key milestones you hope to achieve, and regular progress checks where you review and revise your plan. Investment and lending options include: Venture capital. Commercial (banks).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Alternative Funding Options for Small Businesses

Up and Running

While you may be familiar with and looking to steer clear of traditional bank loans, there are still more attractive options offered to gain capital from banks. SBA and small business lending funds, for example, act as alternatives to typical bank loans. . Venture Capital and Angel Investment. Traditional loans.

article thumbnail

Working for Equity Instead of Cash

genylabs.typepad.com

Tracking and Forecasting the Trends Impacting the Future of Small Business. SBA: Small Business Administration Office of Advocacys Home Page. Even the best venture capital firms have a lot of failures and few successes. Lessons from a Failed Forecast. venture capital. Small Business Labs. Smart Mobs.

Equity 40
article thumbnail

Lean Business Planning with Tim Berry [VIDEO]

Up and Running

That’s the sales forecast, the spending forecast and the cash flow. You want to show that, and investors need to see the scale of a business that have to do with your sales forecast. They’re going to look first at the sales forecast. That’s a lean business plan. It is not a document.

Lean 60
article thumbnail

4 Startup Funding Challenges and How to Overcome Them

Up and Running

Whether you are hoping to expand a small business with a loan or going for a round of venture capital, you will need a scalable business model. In fact, most investors (and zero banks) will fund your venture without a complete business plan. Your business plan also needs to have a realistic financial forecast.

SBA 84
article thumbnail

The Ultimate Guide to Starting a Software Company

Up and Running

While it’s useful to be able to have a sales forecast and expense budget early on, it’s not something you need until you’ve validated your idea. Later you will want to come back and create a proper sales forecast, cash flow forecast, and expense budget. Circle back and create a more detailed forecast.