While some banks are lessoning participation, SBA loans have remained available during the economic downturn throughout the USA. SBA Express Loans are available for businesses seeking up to $350,000 in capital and, depending on factors such as credit rating and initial capital outlay of the principals, is a viable option for startups, let alone existing businesses.
Private equity, whether institutional, VC, a Private Placement Memorandum or angel investors, remains an option for startups and expanding businesses alike. It is a competitive environment and investors view many plans. Therefore, it is critically important that your business plan not fall into one of the many traps seen in the majority of plans we receive from clients and so called pros http://www.thebusinessplanconsultants.net/toptenbusinessplantraps.html, such as using flawed templates/software (being found at or near the top of Google search not an indicator of success expect for SEO knowledge!) or not having a great Executive Summary to get you in the door.
We can help with finding sources from the SBA http://thebusinessplanconsultants.net/sbafunding.html or equity capital http://www.thebusinessplanconsultants.net/equitycapital.html.
Free consultation is available for the asking at tim@thebusinessplanconsultants.com.
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