Home: Message List - Start-Up Funding

Re: Start-Up Funding

intechspecial — Tue, 15 Jan 2008 15:43:42 GMT

Sounds like you are on the right path, and I can not give you relevant advice to start-up funding, other then what you already know.

I can advice that you will need a strong Web Presence once your company is ready to open its doors.

Do yourself a favor, and plan the implementation of a Definitive Web Presence in the planning process.

This can encourage your funding provider to make the correct decision for funding your business.

Lack of a web presence will prove your companies inability to succeed.

Michael Stratton
President, Integrity Technology Specialists
http://www.intechspecial.com

Re: Start-Up Funding

Marauder — Tue, 15 Jan 2008 11:44:49 GMT

Thanks Luckiest.

The business is going to be in the Hampton Roads area of Virginia, loctation is still tbd as I am just starting the site selection process. I am a retired Navy SCPO/E-8. Retired in 2000 and have been working in the defense contracting arena since then but, need a change. Bachelors in Business Management combined with a very strong desire to succeed. I am writing my business plan and yes I am going to include the marketing aspect. I am finding as I write the plan that marketing is going to be a large portion of the plan which I feel is very important in a weaking economy.

Scott

Re: Start-Up Funding

CorpCons08 — Tue, 15 Jan 2008 01:44:44 GMT

Great. Look forward to hearing from you.

CC08

Re: Start-Up Funding

CEO Space — Tue, 15 Jan 2008 01:37:25 GMT

DEJA VU....LOL

I just read this answer in another thread and asked for more information.

Re: Start-Up Funding

fmartin09 — Tue, 15 Jan 2008 01:30:10 GMT

I'm a commercial banker and after reading your email it looks like you might be a good candidate for a SBA 7a or 504 loan. These loans are subsidized by the government and will offer you acceptable interest rates (a lot better than what you'd find from most online lenders). I concentrate on commercial real estate loans, but I might be able to help you obtain your LOC. Simply follow the instructions on how to submit an SBA loan request and then we could help you find the right institution for you... you can read more about these type of loans at:

http://www.sba.gov/services/financialassistance/basics/sbarole/serv_7a_useofproceeds.html

Best regards,

fmartin@prudential-capital.com

http://www.prudential-capital.com/

Re: Start-Up Funding

LUCKIEST — Mon, 14 Jan 2008 12:25:54 GMT

This is a great site. Tell us more. Where are you or the business located (like City and State)/
What is your background like education and work experiences??
How about timing. How soon do you plan on starting?? Do you have a LOCATION??
Others have suggested a Business plan. Also include Marketing in the plan.
Also remember SCORE. LUCKIEST

Re: Start-Up Funding

Marauder — Mon, 14 Jan 2008 11:27:03 GMT

CC,
Thank You, I will be in touch.

R/Scott

Re: Start-Up Funding

CorpCons08 — Mon, 14 Jan 2008 06:48:04 GMT

Marauder,

When you are ready, I can help you with your commercial financing need.
You can contact me at d.skolnick@skolnick-associates.com.

CC08

Re: Start-Up Funding

CEO Space — Mon, 14 Jan 2008 00:55:01 GMT

You are welcome. Believe me, I've seen it over and over again, when prepared, it takes less time to raise capital.

Another motto we use in the network a lot is "slow down to speed up".

I wish you the best. Just keep going and don't give up.

Re: Start-Up Funding

DomainDiva — Sun, 13 Jan 2008 23:48:21 GMT

A business plan is very important, it will be the blueprint for your business, it will however change and becomes a living document as you update, revise and go further along in your business....from start up to seed, to round one, etc.

Once you have identified the business plan outline you want to use, download it and make a three ring binder each section representing a sectin (point) in the business plan. Start writing. One section at a time. After you have made revisions and have it in Word, then write your executive summary. The Exec Summary is what you give out first.

I really don't know about banks right now....a lot of them are still having the mortgage blues. That being said, I would start at the SBA level...you will probably get a better rate. I would not use my SEP IRA or home equity unless it was a complete last choice...especially if youo are the breadwinner in your family..they come first.