YoungUpstarts
JUNE 3, 2020
Either way, it’s essential that you take this time to assess your company’s finances and prepare to cut back on any and all costs that you can live without right now. Do your finances reflect your updated expectations for sales over the next two or three months? Consider External Financing Options.
VC Adventure
APRIL 30, 2020
I wrote recently about the The Finance Assistance Network (FAN) , that I helped set up (along with Lew Visscher and Phil Votteiro) three weeks ago to offer pro bono financial advice to small businesses affected by COVID-19. According to data released by the SBA , the average PPP amount was just over $200,000.
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Up and Running
MAY 1, 2018
I did my research, prepared my business plan, and sent it to several financial companies for financing. I got an SBA loan and purchased my business within months of beginning my search. Offer them exclusive offers through a special channel. Learn from your mistakes and successes. The first year of my business was a loss.
Up and Running
MAY 23, 2016
In the tactics section, list your sales channels and describe how you will be selling your products. Step 5: Get financed. You might also get immediate access to channels that might have otherwise taken years to break into. Additional resources to help you finance your business: How to Get Your Business Funded.
YoungUpstarts
NOVEMBER 12, 2015
To make sure your cash flow keeps flowing, look into additional financing to balance the extra upfront inventory costs. Secure financing ahead of time so that you can get the most affordable rates and terms for your budget (visit SmartBiz to find out in about 5 minutes if you prequalify for an SBA loan). Not Enough Marketing.
Up and Running
MARCH 26, 2015
Think about pricing, channels, social media, launch dates, products, services, features, and so forth. A plan for the SBA, banks, investors, buyers, and partners. Third part is concrete specifics. That includes a list of assumptions, important milestones, tasks, deadlines, responsibilities, and measurable performance expectations.
Growthink Blog
SEPTEMBER 28, 2010
Some explanation for some of you who are new to raising funding: The SBA is the United States Small Business Administration. The SBA doesn’t lend money to entrepreneurs. With the new program, the guarantee is being raised to 90% which makes lending less risky to the banks.
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