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Spring 2020 Entre. SYOB Fund
Made with an aura of mystery
Avatar of Mr. B
Mr. B
 +  22
●
1m
F Getting the Money Getti
F
Getting the Money
Getting the Money
Marketing experts known as angels are who you need to win over in order to expand your business  and create more income. The main bullets to cover in order to win the angels' decision to invest in your company is, window of opportunity, market potential, return on investment, strong management, and proprietary strength.
Franchise Focus
Franchise Focus
 Offer extra help in getting the capital you need.
You'll need documentation so the company can analyze you to see how much money to give you.
Commercial lenders require a business plan, personal financial statements, and cash flow projections .
For more info call (212) 792-9390
Types of Loans
Types of Loans
You need to know the different types of loans so you know what kind of offers your banker is offering. You need to know what the different loans do so you can understand what your'e accepting so in the future you have no surprises with your loan. Commercial loans can be different at all banks. 
Interim Loans & Installment Loans
Interim Loans & Installment Loans
Interim is a type of loan designed to maintain a company's operation while it makes arrangements for longer term financing.

Installment is a loan that has set payments, the loan can last 4 months or up to 30 years with yourself in charge of when you want to have the payments, you can either pay monthly, quarterly, half of a year, or annually.
equity basics
equity basics 
equity financing=receiving capital for part ownership
-debt financing= receive capital from a loan
-you want to bring more to the table then a good idea and talent or investors might try to take over your company.
How it Works
How it Works
Basically equity financing is trading partial ownership of a company so you have to decide how much you are willing to give up to get investors. So you don't want to own all of the company because then you'll get little growth and investment but you also don't want to give away enough of your company that you'll get kicked out of your own company if you don't seem useful. Also seek out legal and financial advice if you are nervous about anything.
Secured and Unsecured Loans
Secured and Unsecured Loans
Unsecured loan is when your lender knows you well and is convinced that the loan will be repaid on time.
Secured loans requires some kind of collateral but has a lower interest rate than an unsecured  loan.
covenants are promises that borrowers make to lenders about their actions and responsibilities
Funding can be difficult to find and there are many ways to go about finding angels, from family members to making cold calls. Networking is important as it will allow you to make connections with people and you can tell others what you're on about.
Funding can be difficult to find and there are many ways to go about finding angels, from family members to making cold calls. Networking is important as it will allow you to make connections with people and you can tell others what you're on about.
Sources of Financing
Sources of Financing
- The streamlining process is a faster way to get a loan but the loan approval process is based solely on numbers and scores on standardized rating systems rather than on an entrepreneur's character to drive. 
-It is easier to get a startup loan from community banks.
-Whether the bank is big or small, what matters most is developing relationships.
Commercial Finance Companies
Commercial Finance Companies
Non bank commercial lenders
Give opportunities to startups
More willing to give money
Good Benefits
Good Benefits
Differences between a Roth and IRA, make good investments in yourself and save money for your investments. Make good decisions based off your salary and taxes.
Describes the many ways you can finance a business whether you are unemployed or employed.
Use as much of your own money to get started, the larger your investment the easier it will be to acquire capital from other sources.
Other Loans
Other Loans 
-Banks will give you different types of loans based on the type of person you are or the company you are.
- They have both long and short term loans. They have real estate loans, inventory loans, accounts receivable loans, personal loans, guaranteed loans and commercial loans.
Putting It on Paper
Putting It on Paper
-It is important to get financial information on paper especially if there is a loan involved (many people forget this and get into issues when the financial agreement is not recorded).
-Outline the legal responsibilities of both parties and when the money should be paid back to the investor and if loan agreement is complex it is important to write down everything and consult your accountant.
-Money most always be documented with agreements and these agreements are binding so make sure to write them down in full extent if you don't want to end up in a courtroom. 
Give yourself credit
Give yourself credit
experts advise to use credit card financing as a last resort because interest rates are higher than any other type of financing.

using a credit card for cash advances rather to buy equipment makes the rates go even higher than usual.

if you are good at juggling payments, your start up needs are low, and you are able to pay the money back quickly, using a credit card could be beneficial.
Applying for a Loan
Applying for a Loan
You must convince your lender that you will pay back the loan

Make sure every piece of the loan application is filled out. If you fail to do that, the lender will think there is something being hidden

Cover sheet, cover letter, table of contents, amount and use of the loan, history and description of your business, management team, market information, financial history, financial projections, collateral, personal financial statements. any additional documents
Do it Yourself
Do it Yourself
There are many ways to get money to start a business, but there are down sides to each of these strategies.

If you have investments, you can use them as a resource.

You can use brokerage 
accounts, credit cards, home equity loans, borrowing cash-value life insurance, 401 k retirement plan, or an IRA to come up with money to start a business.
What lenders look for
What lenders look for
Lenders typically base their decisions on the "Four C's of Credit"
1. Credit history
2. Character: Lawsuits, bankruptcies and tax liens are taken into consideration
3. Capacity
4. Collateral
Keep 'Em Happy/How Much is Enough?
Keep 'Em Happy/How Much is Enough?
-Communication is key
-Involve family members
-Create a budget for you to live off of for 6-12 months
Taxing matters
Taxing matters
If you take a loan from a family or friend make sure they have a share in the company. Don't make loans for over $100,000 from friends or family because the IRS will slap on what is considered to be market rate interest.   Put the agreement on paper
- Investment angels are people all around us that fund entrepreneurs
- Investment angels are people all around us that fund entrepreneurs
- Find an affiliated angel to invest in your company first
- Many sources for finding equity financing without venture capital firms (Professionals, Business Associates, Suppliers/Vendors, Customers and Employees)

more_vert
Friends and family
Friends and family
Asking for loans from family could be very smart because they know your reliable and you dont have to deal with bank. but it could also be risky if you dont pay them back ending in a damaged relationship. While also being able  to strengthen relationships if you get them their money back.
Netting Angels
Netting Angels
 - go4funding.com and angelcapitalassociation.com are an angel investing websites
 - those two websites help to develop and lead business
 - they offer an option to help other businesses and invest in others work/ company
 - it's a great way to find new coworkers or potencial investors
The Right Source
The Right Source
Its not a good idea to take money from a person if its given with emotional strings.

Its important to treat a (relative or close friend)  the lender formally, explaining your business plan detail rather than casually passing it off with an 'if you love me,  youll give me the money' attitude,"

if relatives or friends feel they can turn you down without offending you, theyre more likely to invest. give them an out.

more_vert
ake sure eve
ake sure eve
F Getting the Money Getti
F
Getting t

# data[].attributes.body
Getting the Money
Getting the Money
Marketing experts known as angels are who you need to win over in order to expand your 

# data[].attributes.body
Marketing experts known as angels are who you need to win over in order to expand your business  and create more income. The main bullets to cover in order to win the angels' decision to invest in your company is, window of opportunity, market potential, return on investment, strong management, and proprietary strength.

# data[].attributes.body
Offer extra help in getting the capital you need.
You'll need documentation so the company can analyze you to see how much money to give you.
Commercial lenders require a business plan, personal financial statements, and cash flow projections .
For more info call (212) 792-9390

# data[].attributes.body
You need to know the different types of loans so you know what kind of offers your banker is offering. You need to know what the different loans do so you can understand what your'e accepting so in the future you have no surprises with your loan. Commercial loans can be different at all banks.

# data[].attributes.body
Interim is a type of loan designed to maintain a company's operation while it makes arrangements for longer term financing.

Installment is a loan that has set payments, the loan can last 4 months or up to 30 years with yourself in charge of when you want to have the payments, you can either pay monthly, quarterly, half of a year, or annually.

# data[].attributes.body
equity financing=receiving capital for part ownership
-debt financing= receive capital from a loan
-you want to bring more to the table then a good idea and talent or investors might try to take over your company.

# data[].attributes.body
Basically equity financing is trading partial ownership of a company so you have to decide how much you are willing to give up to get investors. So you don't want to own all of the company because then you'll get little growth and investment but you also don't want to give away enough of your company that you'll get kicked out of your own company if you don't seem useful. Also seek out legal and financial advice if you are nervous about anything.

# data[].attributes.body
Unsecured loan is when your lender knows you well and is convinced that the loan will be repaid on time.
Secured loans requires some kind of collateral but has a lower interest rate than an unsecured  loan.
covenants are promises that borrowers make to lenders about their actions and responsibilities

# data[].attributes.headline
Funding can be difficult to find and there are many ways to go about finding angels, from family members to making cold calls. Networking is important as it will allow you to make connections with people and you can tell others what you're on about.

# data[].attributes.subject
Funding can be difficult to find and there are many ways to go about finding angels, from family members to making cold calls. Networking is important as it will allow you to make connections with people and you can tell others what you're on about.

# data[].attributes.body
- The streamlining process is a faster way to get a loan but the loan approval process is based solely on numbers and scores on standardized rating systems rather than on an entrepreneur's character to drive.
-It is easier to get a startup loan from community banks.
-Whether the bank is big or small, what matters most is developing relationships.

# data[].attributes.body
Non bank commercial lenders
Give opportunities to startups
More willing to give money

# data[].attributes.body
Differences between a Roth and IRA, make good investments in yourself and save money for your investments. Make good decisions based off your salary and taxes.
Describes the many ways you can finance a business whether you are unemployed or employed.
Use as much of your own money to get started, the larger your investment the easier it will be to acquire capital from other sources.

# data[].attributes.body
-Banks will give you different types of loans based on the type of person you are or the company you are.
- They have both long and short term loans. They have real estate loans, inventory loans, accounts receivable loans, personal loans, guaranteed loans and commercial loans.

# data[].attributes.body
-It is important to get financial information on paper especially if there is a loan involved (many people forget this and get into issues when the financial agreement is not recorded).
-Outline the legal responsibilities of both parties and when the money should be paid back to the investor and if loan agreement is complex it is important to write down everything and consult your accountant.
-Money most always be documented with agreements and these agreements are binding so make sure to write them down in full extent if you don't want to end up in a courtroom.

# data[].attributes.body
experts advise to use credit card financing as a last resort because interest rates are higher than any other type of financing.

using a credit card for cash advances rather to buy equipment makes the rates go even higher than usual.

if you are good at juggling payments, your start up needs are low, and you are able to pay the money back quickly, using a credit card could be beneficial.

# data[].attributes.body
You must convince your lender that you will pay back the loan

Make sure every piece of the loan application is filled out. If you fail to do that, the lender will think there is something being hidden

Cover sheet, cover letter, table of contents, amount and use of the loan, history and description of your business, management team, market information, financial history, financial projections, collateral, personal financial statements. any additional documents

# data[].attributes.body
There are many ways to get money to start a business, but there are down sides to each of these strategies.

If you have investments, you can use them as a resource.

You can use brokerage
accounts, credit cards, home equity loans, borrowing cash-value life insurance, 401 k retirement plan, or an IRA to come up with money to start a business.

# data[].attributes.body
Lenders typically base their decisions on the "Four C's of Credit"
1. Credit history
2. Character: Lawsuits, bankruptcies and tax liens are taken into consideration
3. Capacity
4. Collateral

# data[].attributes.body
-Communication is key
-Involve family members
-Create a budget for you to live off of for 6-12 months

# data[].attributes.body
If you take a loan from a family or friend make sure they have a share in the company. Don't make loans for over $100,000 from friends or family because the IRS will slap on what is considered to be market rate interest.   Put the agreement on paper

# data[].attributes.headline
- Investment angels are people all around us that fund entrepreneurs

# data[].attributes.subject
- Investment angels are people all around us that fund entrepreneurs

# data[].attributes.body
- Find an affiliated angel to invest in your company first
- Many sources for finding equity financing without venture capital firms (Professionals, Business Associates, Suppliers/Vendors, Customers and Employees)

# data[].attributes.body
Asking for loans from family could be very smart because they know your reliable and you dont have to deal with bank. but it could also be risky if you dont pay them back ending in a damaged relationship. While also being able to strengthen relationships if you get them their money back.

# data[].attributes.body
- go4funding.com and angelcapitalassociation.com are an angel investing websites
- those two websites help to develop and lead business
- they offer an option to help other businesses and invest in others work/ company
- it's a great way to find new coworkers or potencial investors

# data[].attributes.body
Its not a good idea to take money from a person if its given with emotional strings.

Its important to treat a (relative or close friend)  the lender formally, explaining your business plan detail rather than casually passing it off with an 'if you love me,  youll give me the money' attitude,"

if relatives or friends feel they can turn you down without offending you, theyre more likely to invest. give them an out.