I think that this is the wrong question. They forgot the rarest and most important thing: the ability to implement a project or idea.
I have found that both ideas and capitol are pretty easy to come by. The thing that usually gets in the way is the ability to implement the project/idea.
Smart investors only invest when they think that there is a good idea and the business can successfully implement the idea. The ability to communicate that you can implement the project is the main key to getting funding.
When a funding source looks at a proposal, they generally spend 10% of their time looking at the idea and 90% of their time looking to see if the requester has the ability to implement the idea. Unfortunately, most proposals focus on the idea. I think that this is why people think that capitol is hard to find. They are hunting tigers but they are using cabbage for the bait.
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10 things we need in an Executive Summary (for $10M - $100M) or a Business Plan ($100M+): These aren't exactly business lines of credit but I recently came a cross a source for Venture Capital (VC) that will lend $100M or more. They want 30% of the equity. That's much better than many other venture capital sources. They can fund as quickly as three business days if you give them all the info they need up front. As I mentioned in This Post, lending has tightened up in business lines of credit. I just got word that the lenders that provide the larger lines of credit have frozen their accounts and will not be providing their lines of credit in the near future. Do your clients run small businesses? The main difference between business credit (also known as corporate credit) and personal credit is that personal credit is all based on the FICO of the owner of the business. Business credit is based on both the PAYDEX score of the business and the FICO of the CFO of the business. Here is one reason: The page Programs Available now appears in your navigation. They are in the business of collecting setup fees rather than helping you establish corporate credit. |
Jeff Miller
I have a degree in Economics and an MBA. I worked for a private money lender for 13 years and was a real estate investor for 4 years. Categories
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