Posted by Hugh on May 30, 2011 · Leave a Comment
What do you do if you need to raise money for your business? For my business, we were able to raise money through privately offering stock legally in our company. This is something you can do if you are a registered security in the state of your residence.
There is more to it: you will need to issue the stock, invite investors, educate them, have them subscribe, be legally protected, and be able to “legally pool” their money — because pooling money usually is not legal.
If you understand how to carefully structure an investment and do the appropriate disclosures, you can actually get a lot of that done. Before we initially approached a securities attorney, we went to this website, www.cfss.com. It stands for Cambridge Financial Services and Software. That business sells a private stock offering template with instructions. Learn from it and then take to a professional to create it.
As far as corporately raising business lines of credit, there is a company that I have had good success with in the past that has helped us get to where we need to go.
That company is www.fundinguniverse.com or www.unsecuredline.com. They both have a number of programs that systematically prepare and develop your business to be ready for multiple streams of funding. Both help get you funds anywhere from $15,000 all the way up to $500,000.
What I am seeing in the current marketplace is that it is very difficult for regular individual business owners who are busy to go apply for loans. It is not very easy. The chances of being turned down are very high.
I found that by engaging some of these loan brokers out there, you have the opportunity to leverage their knowledge and their skill. Many will not get paid until you get funded. The thing I liked about Funding Universe is that they actually take your business through a review process and show you the weaknesses that you have on your business credit that are seen as derogatory in the eyes of the banks that you are applying to. They will help you improve your business credit score and get you to a point where you are applying with multiple banks, getting the money that you need to grow appropriately and responsibly.
Hugh Stewart is a business coach committed to helping those who are ready to move their business to the next level. His confident solution coaching will enable you to…
○ Cultivate a personal culture of change
○ Optimize how you spend your time and focus
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○ Create the clarity, focus, action & results you deserve
You will discover how to...
• Master time and attention management
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The Confident Solution Cycle is a unique process that uses your current skills and abilities to achieve a clearly identified objective. The process serves to cultivate a personal culture of change and success with specific areas of focus listed above.