Financing

What does a bank look for when you are seeking financing for your business? Do you have a strong business plan? Are you seeking the correct type of loan for your needs?

Attend the BizLaunch Financing Workshop.

Consider these financing tips to get started:
☐  Develop a strong business plan
☐  Create a realistic cash flow forecast
☐   Calculate exactly how much money you will need
☐  Identify the best type of loan to meet your business objectives
☐  Determine exactly when you’ll need the loan (even if you don’t think you’ll need financing right away, its always best to be prepared)
☐  Prepare the loan package
☐  Make sure you have the 5 C’s: character, cash flow, collateral, capital & conditions

The BizLaunch office offers free access to online services to help you with financing. In addition, BizLaunch can provide one-on-one guidance on developing a financing strategy. For more information, visit BizLaunch.

For more information on financing, visit these Web sites:

• Small Business Administration
• Federal Reserve Bank
• Inc.com
• MasterCard Business
• Business Owner’s Toolkit

Arlington Banks

Once your business plan and financing research is complete, talk with one of Arlington’s local banks in the area who can help you achieve your financing needs. Listing of Arlington banks.

Venture Capital

Seeking funding through venture capitalism is another option to finance your businesses. According to the SBA, venture capital is, “Money used to support new or unusual commercial undertakings; equity, risk or speculative capital. This funding is provided to new or existing firms that exhibit above-average growth rates, a significant potential for market expansion and the need for additional financing for business maintenance or expansion.”

Listing of Venture Capital firms.