Ask yourself: How confident are you in your company’s financial position? How much knowledge do you have about the transactions and activity that flow in and out of your books? Not to mention, how much faith do you have in the accuracy of your financial picture?
Whether you’re bootstrapping your business, launching through joining an incubator, or you intend to seek help from a VC or angel investor, it’s not an easy task to raise money for a startup in any industry.
From startup funds to venture capital firms to influential individuals, inDinero’s investors are a diverse group of tech industry innovators and change-makers. But they didn’t come flocking to our company overnight.
If you’re contemplating applying for additional financing for your business, congratulations! It never hurts to have extra cash on hand, so it’s understandable if you’re eager to receive a loan. With a small business loan, you’ll be able to invest in the future of your company.
In this post, we’ll detail eight ways to make your small business loan application process simple and efficient. Before you know it, you’ll have financing in your business bank account, ready for whatever your needs may be.
What makes a good investor? And how should you go about finding someone who possesses the right qualities?
A pretty significant number of entrepreneurs who pursue venture capital believe the answer to these questions is simple: follow the money. In theory, it makes sense: What better indicator could there be of an investor’s success than their wealth? Isn’t that what investment is all about?
Not really—at least not for you, the business owner on the other side of the deal.
Access to capital is a challenge for many small businesses. Nevertheless, there are more business loan options available today than ever before—provided small business owners spend the time to become savvier borrowers. This is not to say they need to become experts in everything small business finance, but they do need to become experts in securing capital for their businesses and taking steps to become better borrowers.
Crowdfunding is often hailed as a golden goose for entrepreneurs and small business owners, just waiting to bring you into millions of dollars and internet stardom.
Ultimately, crowdfunding is one means of raising capital from individuals in an effort to fund a private endeavor. It is a business practice that has brought great success to countless entrepreneurs and businesses, and it is certainly worth considering for getting your startup or inspired idea off the ground.
Fluctuating cash flow is a challenge that every small business faces at one point or another. Whether it’s buying supplies for an unexpected big order or compensating for a slow-paying customer, the ebb and flow of finances is par for the course of being in business, and a short-term loan is a viable solution when you are strapped for cash.
Business owners often find themselves in hot pursuit of working capital for their organization. While there are many ways to go about this, one option that does not get covered quite as often are merchant cash advances. They can be a beneficial type of additional capital to pursue, especially if your business makes the majority of its sales through credit cards. With this form of working capital, a lender will essentially pay you a lump sum upfront. In return, the lender receives a portion of each sales transaction made using a credit or debit card directly from the credit processor until the amount is paid back.