During this show, you will discover …
Exciting types of business financing for your new venture
Business creativity can come from anywhere
It should be YOUR passion, since you will work long hours at the start
Determine what you can do that is unique
Choose a unique, memorable business name
Set up a business address, bank account, phone, fax, and more
Choose a business entity and create a pro website on a domain YOU buy
Work with the IRS and get a free EIN
Get all needed business licenses and a business merchant account…
… so your business can accept credit and debit cards
Leverage assets you already have
Some ways to get funding depend on industry or TIB …
… or ability to secure collateral
Use stocks, bonds, an existing 401(k) or IRA as collateral
Try grants from HUD or the USDA
Angel investing is another option
Angels are informal investors who invest in the start of a company
Venture capitalists give money to help build new startups…
… but only if VCs believe a company has high-growth and high-risk potential
Or try unsecured business credit lines, using your assets as collateral
Some alternative lenders now offer unsecured lines of credit for $50 - 150k
Or try crowdfunding, via a platform like Kickstarter or Indiegogo
And do not forget about business credit!
This is credit in the business name, not your own. Start with vendor credit
If there are 5 – 8 trade lines reporting, move onto revolving store credit
With 10 revolving store credit lines reporting, advance to fleet credit
With 14 fleet credit lines reporting, move onto cash credit
Good business credit will help a company get loans in the future
