Financing » Funding Process

Five Options for Business Funding in 2009, Part 1

Feature Editor — Tue, 03 Feb 2009 23:49:03 +0000

If you’re considering starting a business in 2009, you’re probably wondering how the heck you’ll finance it. Raising start-up capital has always been a challenge, but the downturn has made a hard process harder.

Some 85% of banks have tightened standards on small business loans over the past three months, according to the Federal Reserve. Plus, home-equity lines are being frozen and credit-card limits are being slashed.

To finance a start-up today, “prepare a good business plan with revenue projections for the current economic climate,” says Eric Zarnikow, director of capital access for the Small Business Administration (SBA). Then expect to hit up several sources…

This is the first of multiple posts regarding options available in businesses funding. Some are better than others and Financing.org can assist your business even if you are a startup. Our Financing programs can help you from the early days of your business, and don’t require you to bring two years or more of business operations and financials to the table.
Give us a call at 800-924-7298 to fund from $25k to $250k or more.

Click here to read more on funding options for your business.

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Are You Ready to Start Your Own Business?

Sr. Feature Editor — Thu, 27 Nov 2008 00:07:19 +0000

In the “olden days” before the growth of the corporate economy, most people worked for themselves. Whether you were a shopkeeper, a farmer, an artisan or a professional, you lived or died by what you could produce each week. Over the past century, more and more of our economy has moved into a corporate marketplace where most people are employees of larger enterprises. Along with the commitment to living as a “Company Man” came at least a sense of commitment from the company to keep you working, provide you with health care, and wrap you in a pension when you retired.

Today we are watching the unraveling of much of that employment model. Defined benefit pensions are. almost a thing of the past outside of the government sector. Tens of thousands of workers are facing early retirement and layoffs across the spectrum from auto workers to investment bankers. Over the next few years, those workers will face the challenge of creating their own economic value. While some will recycle into new positions, many will become self employed. There’s a great survey from the SBA to help you decide whether you are ready to start your own business.

Check out the SBA survey here.

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10 Steps to Getting your Business Funded

Sr. Feature Editor — Wed, 26 Nov 2008 22:37:54 +0000

The process for implementing a Small Business Financing Package isn’t magic, but it does require a level of knowledge and expertise. The old time bank robber was once asked why he robbed banks. His answer: “Because that’s where the money is”. As any businessman who has set out to fund his business can attest, knowing that the bank has money, isn’t enough to get the bank to let you borrow it. Every bank has a defined set of profiles for determining the types of case they are willing to fund. Companies like Aviva have varied products that cater to different profiles. At Financing.Org our expertise is in know how to package your loan applications and how to identify the proper institutions to ask. We know where the money is, and more importantly, we know how to ask for it.

Our Small Business Financing Program is really quite simple:

You Apply Online or call us.
We’ll provide you with our Loan Analysis Data Sheets, so that we can better understand your unique business circumstances. You complete and fax back to us the completed Loan Analysis Data Sheets
We’ll do a preliminary case review, and provide you with a complete review of your options, along with a Letter of Engagement. You return our Letter of Engagement.
We pull your Business and Personal Credit Reports, and determine any submission conditions that need to be resololution before submission of final Loan Applications.
We will work with you to resolve as many of these Submission Conditions as possible. During this time we will work with you to structure the kind of credit behavior and credit file that banks require to provide you with funding. The scope of the submission conditions that need to be resolved, together with your level of cooperation, will determine how your case funds.
We will work with you to establish the types of trade credit and business financial profile that provide lenders with security and comfort.
We will build a Business Financing Plan tailored to your circumstances and requirements. This plan will identify the Banks and other Small Business Lenders in our system to whom we will submit your applications.
We will work with you to create and submit proper lender applications and documentation.
Acting as your agent we will supervise all information requests and work with you to resolve all funding requirements presented by our lenders.
As each round of financing funds, we will work with you to integrate those credit facilities into your business, and prepare your for the subsequent round of business financing.

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