Small Business Path to Success in Financing
Prepare your business plan
Project your needs for cash-short-term, long-term and seasonal
Evaluate the types of financing available
- Range of programs based on type of need and available credit
- Types of lenders
- Types of loans
Determine the options available to your business
- Loans available to businesses with a track record
Contact the appropriate lenders
- Credit card programs - personal and business
- Business Loans
Tips On Networking For Capital
1. Find out how others in your line of business have handled their funding.
2. Keep an open mind about debt vs. equity.
3. Study industry publications and financial publications to identify additional funding options.
4. Understand the expected return to the investor / lender. They expect compensation in relation to the risk and both the amount and timing of compensation can vary greatly.