How To Get Capital For Your Business

When I speak to founders about their growth ahead, almost everyone needs financing to take the next step.

Because most are unprepared for the questions of investors, bank and other financiers, how do you get capital for your business?

Know the answer to the following questions.

1. Capital – How much money do you need, what do you intend to spend it on and what is your track record in using capital injection to generate results?
2. Collateral – What assets do you or your business own that are valuable as collateral to secure the loan?
3. Character – What is the reputation of the capital provider and your personal reputation for paying back loans and contributing to the local business community?
4. Capacity – How much money can you afford at what interest rate, if going for grants how much time can you spend on applications and other reporting requirements?
5. Conditions – Is your business ready for a capital injection considering your current internal structure, your immediate business environment and the greater macro business trends?

If you need funding for your business this year, ping me.