The World of Funding
There are so many great companies that stay stagnant in
growth because they are crippled by resources. We all know money walk and the rest talks. The
quickest way to obtain resources needed is to have money to purchase them. Now
I know what you are thinking, how am I suppose to get the money to obtain the
resources. Well first as you may have read in my last blog you make a business
plan, to A see what kind of money you really need and where it goes and B to
procure investors to give you the money.
There are organizations that are there to help business obtain funds
needed. The Small Business Admiration (SBA), the National Venture Capital
Association (NVCA) and Equity Net are organizations dedicated to helping you
receive funds for your business.
“Since it’s founding on July 30, 1953, the U.S. SmallBusiness Administration has delivered millions of loans, loan guarantees,
contracts, counseling sessions and other forms of assistance to small
businesses. SBA provides assistances primarily through its four programmatic
functions:
Access to Capital
(Business Financing) SBA provides small businesses with an array of
financing for small businesses from the smallest needs in microlending - to
substantial debt and equity investment capital (venture capital).
Entrepreneurial
Development (Education, Information, Technical Assistance & Training)
SBA provides free individual face-to-face, and Internet
counseling for small businesses, and low-cost training to nascent entrepreneurs
and established small businesses in over 1,800 locations throughout the United
States and US territories.
Government
Contracting (Federal Procurement)
In keeping with the mandate of Section 15(g) of the Small
Business Act, SBA's Office of Government Contracting sets goals with other
federal departments and agencies to reach the statutory goal of 23 percent in
prime contract dollars to small businesses. This office also provides small
businesses with subcontracting procurement opportunities, outreach programs,
and training.
Advocacy (Voice for
Small Business) Created in 1978, this Office reviews Congressional
legislation and testifies on behalf of small business. It also assesses the
impact of the regulatory burden on behalf of small businesses. Additionally, it
conducts a vast array of research on American small businesses and the small
business environment. The Chief Counsel of this office is appointed by the
President of the United States.”
“ The National Venture Capital Association (NVCA)
empowers its members and the entrepreneurs they fund by advocating for policies
that encourage innovation and reward long-term investment. As the venture
community’s preeminent trade association, NVCA serves as the definitive
resource for venture capital data and unites nearly 400 members through a full
range of professional services.”
“Crowdfunding is the use of small amounts of capital from a
large number of individuals to finance a business venture. Crowdfunding makes
use of the easy accessibility of vast networks of friends, family and
colleagues through social media websites like Facebook, Twitter and LinkedIn to
get the word out about a new business and attract investors. Crowdfunding will
increase entrepreneurship by expanding the pool of investors from whom funds
can be raised beyond the traditional circle of owners, relatives and venture
capitalists. EquityNet is the original and only patented equity
crowdfunding platform. It is used by entrepreneurs, investors, government
entities, business incubators, and other members of the entrepreneurial
community to plan, analyze, and capitalize young, privately-held
businesses. Thousands of entrepreneurs have used EquityNet to efficiently
plan and fund their business and have raised over $217 million to-date.”
In the day and age option range from traditional loans to
crowd funding, I saw try them all and give it your all.
References:
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