Are you a new entrepreneur who is looking for funding? Or maybe you are an experienced entrepreneur? Either way, you can benefit from this course.
I designed this course to answer the most common question I get - "How can I find funding for my business?".
This course covers just about everything you need to know about funding a business through either working with investors or lenders. In the course I cover the following:
Not only will this course improve your chances of getting approved for funding, but it will save you time and money in the process!
Oh yeah, and on more thing. This course includes 5 FREE eBooks covering the material, just in case you like the written word.
No videos this time. Capital can come from a variety of places. The attached eBook goes into a few of the most common sources of capital that entrepreneurs use to fund their business. Download away, it is yours!
A quick kick off message before we get into the how to meet investors section.
Many entrepreneurs discount the number of potential startup investors that they have in their sphere of contact.
Pitch competitions are a great place to meet startup investors.
Startup accelerators and incubators are a great place to meet startup investors.
While many people hate the idea of networking, it can be a great way to meet startup investors.
Online websites do exist, such as AngelList, that can help you meet startup investors.
Attached is the written version of this material for your downloading pleasure!
This quiz is designed to test your what you learned from the section on meeting investors.
These sections answers the question, "What investors look for in a startup".
Startup investors like to see an experienced team, with different backgrounds and skill sets, running the company.
Startup investors like to hear about unique ideas that are not currently being offered in the marketplace. But you don't always have to reinvent the wheel.
Startup investors like to see a solution that has a large enough potential market size to become pretty profitable.
If you startup already has, or has filed for, patent protection then you are increasing your chances of landing a startup investor.
Startup investors love to see ideas that are hard to duplicate and that create barriers to entry for competitors.
Startup investors love it when the founders of a startup have already invested some of their own money. Even if that means a small amount.
When looking at two separate investment opportunities, a startup investor will almost always take the one that gives them more equity and is a "good deal". So, don't be too greedy!
Startups that already have a lead investor tend to attract other investors!
Attached is your written version of this section's material.
This quiz is designed to test your what you learned from the section on what investors look for in a startup.
Let's switch gear and talk about how to get a business loan. By the time we are done, you may know as much about business loans as most banks!
A quick video to talk about the topics we will be covering.
Attached are explanations of common definitions and acronyms used by lenders.
The reason you need a business loan is one of the first things you will be asked. And the answer can't be "I need the money!".
Avoid sending your business loan application to any and every lender you come across. Be start about targeting lenders.
Banks have "appetites" for the types of business loans they prefer.
If a bank has had a bad experience with other business loans similar to yours then you could risk being declined.
It can be hard to get a business loan if your industry is frowned upon.
If a lender has lost money on a similar loan to yours, for example in the same industry, then you could risk being declined.
How long it takes to get a small business loan depends on a few factors.
Here are some common documents you will need to have to apply for a small business loan.
Any good small business lender will look at your overall application and not let any one negative piece of information stop them from being interested.
Small business lenders use risk grades to score your loan.
How will you pay your loan back? This is called a source of repayment.
How does my credit score affect a business loan?
What factors drive a small business loan decision? These are the "big three".
Any depreciation and interest should be added back into your income for a small business loan.
What is the difference between an unsecured and secured business loan?
What types of collateral will my bank want for a small business loan?
Do I have to guarantee a small business loan?
How many months or years can my small business loan be for?
How is a small business loan payment calculated?
How are small business loan rates decided?
What is the highest and lowest rate I can expect for a small business loan?
How to get the best rate for a small business loan?
How do small business loans work for rental property?
How do SBA loans work?
How do I know my small business loan has been approved?
Can I pay my small business loan off early?
What other requirements do small business loans have?
What closing costs do small business loans have? What fees do small business loans have?
What do I do if I can't get a small business loan?
A quick thank you from me for getting through over 30 lessons of material on business loans. I hope you found the time to be well spent. I intentionally kept the videos short in length in order to be efficient with your time. Keep in mind that a written version of material is available to you for taking this course.
This quiz is designed to test what you learned about business loans.
No videos this time. Since we talked about SBA loans in the previous section, I wanted to take the material a step further. So, I have included my eBook detailing the ins and outs of SBA loans for you. Download away, it is yours!
Congratulations on finishing the course. Because I like to help other entrepreneurs and startups so much, I have an offer for you. Listen to the video to learn how to go about getting some free consulting.
Listen in to an interview I held with a real life angel investor. In fact, Eric Dobson runs the Angel Capital Group which has angel groups in 12 cities throughout the Southern United States.
I am crazy passionate about helping people launch and grow the business of their dreams. More specifically I advise companies and entrepreneurs by focusing on the ways culture, innovation, and strategy can impact their businesses.
In hopes we can learn more about each other, here are a few things that define me: