ForumsFinancing Tips

You didn't mention what kind of business or industry you are in but judging by your post name of "ahirestaff" I'm guessing you are in the staffing business. Of course my guess may be off base. At your size ... finding debt-based capital for growth is going to rest almost solely on your personal credit and collateral. Especially in tight credit markets. Without credit & collateral to get debt based funding, the only avenue you have is to try to raise capital by selling equity.

Do you have an investor-ready business plan with 3 years financial projections that can be presented to equity investor prospects to gage their interest? If you do you should look at using it for the basis to have your attorney prepare a Private Placement Memorandum. Also known as a PPM this is the document that covers all the legal aspects of raising capital from from private investors by selling them stock (and sometimes bonds, which are often convertible to equity). if you are interested in raising capital that way then check with your attorney about a Reg D PPM filing; the costs etc.

If you have established a solid and profitable foundation for your business and have excellent growth prospects then your business could be of interest to equity investors. Once you generate some interest then you can get your PPM put together to present to them. I have an investor contact that is interested in the staffing industry; I cannot say for certain that he would be interested in making an equity investment in your company but feel free to look at my profile and if you want, contact me to discuss.

I hope the above helps. Good luck with your business.

Dennis Lowery
Adducent, Inc.