These numbers are not fabricated up. They are actual numbers from actual reported adventure chief funding. I amuse these notices emailed to me day after day, pour or shine.
Im not personally looking for bag financing but the entrepreneurs who peruse my website are. These numbers are a constant reminder to me that companies lots of companies are getting funded every day.
And these numbers aloof be resonant the reported adventure chief funding. There is probably twin that amount from angel investment and unreported fundings, and millions added from the $16 billion pool that SBA has this year.
All in all, its a lot of almighty dollar. Thats a lot of companies and banks and groups and individuals actively investing in baby bag.
So how come youre still looking for financing?
Maybe you arent presenting your company effectively.
Or maybe you havent located the adapted lender.
Its again possible that your abstraction aloof isnt actual acceptable, but I suspect that. The actuality that you are reading this article means you are a austere entrepreneur, with a austere bag.
So where accomplish you action to acquisition all these investors? Here are some starting points:
For standard bag financing, speak with the local office of the Baby Bag Administration.
Its a advanced agency, with advanced programs and services, and lots of almighty dollar to lend. Although much of the bull's eye of the SBA is on minority bag enterprises, the SBA still has a lot to action non-minority companies.
Again speak with your local banks. (That was plural banks, not bank.) Talking with a figure of local bankers will rapidly bring into bull's eye the wide ranging priorities of the assorted banks, and where your company fit in.
As for adventure chief and angel investors, there are several options.
One choice is to action to online sources. There are a figure of online services, such as VFinance, that sell the names and addresses of possible investors. Its not expensive, maybe $2-5 per agname. The abstraction is that once you amuse the list of 200 or 2,000 names in hand that you will contact each with a written executive summary or bag aim, and then wait to hear from one of them. This is a actual passive access, roughly akin to throwing colouring on the wall and hoping that something will stick.
If you are according to most entrepreneurs, patience is not your able suit, so sitting and waiting for a response is not certainly your cup of tea.
Another choice is to action to one of the abounding directories of adventure chief firms. These directories typically accommodate addresses, phone numbers and emails, along with the geographical areas of absorption and the types of investment that each is seeking. Most businesses can narrow down their list of prospective investors to several hundred adventure chief firms this road. And again you are faced with the prospect of sending out written material for each one, and waiting for a response.
A third choice is to booty a added proactive access. Analyze your ace prospects yourself from a figure of reliable sources. Amuse introductions where possible. Apprentice everything you can about your target investors, and then action after it. Typically a phone call is the aboriginal contact, not an anonymous executive summary. Alive that you are calling your ace prospects, you apperceive too that they are accessible to hearing from you. You accept names, you accept investment histories, you accept everything in hand to accomplish a absolute connection with the target investors. Then action accomplish it.
Getting your company financed is one of the hardest things you will ever accomplish as an entrepreneur. It can be hugely frustrating, disappointing and genuinely discouraging. But lots of entrepreneurs accomplish it. And so can you.
No one knows when this incredible window of befalling will close Spruce up that bag aim and action for it — any more.
About the author:
Ms. Shank is a bag aim specialist. She worked with adventure chief firms and emerging companies for over 20 age.
Originall posted April 1, 2012