Before approaching venture investors, founders should be able to explain the problem, market, traction, scalability, competitive advantage, capital requirement and milestones the investment will fund.
Businesses purchasing machinery, vehicles or other long-term assets may be able to use equipment financing or SBA 504 financing instead of draining operating cash.
Growth companies seeking venture capital need a clear investment case covering traction, scalable economics, market opportunity, capital requirements and measurable milestones.
If your business completed the work but is still waiting for a customer to pay, eligible accounts receivable may support invoice financing and help unlock working capital sooner.
Businesses seeking a traditional line of credit may need strong personal credit, one to two years in business, substantial annual revenue and consistent positive cash flow.
Planning to buy a business and need financing? Review your credit, repayment ability, owner investment, business financials and existing debt before pursuing SBA or other acquisition funding.
