When it comes to funding, there isn’t a one-size-fits-all approach. Aside from every business having unique funding needs, each funding option differs in availability, terms, funding amounts, and eligibility criteria. Here is a short video below that explores some of the different funding options. At Vanrock Financial Group we provide many options for helping you get the initial funding needed to launch your new enterprise.
Estimating your startup costs is not only a necessary element of your financial plan, but it can help you determine how much funding you really need. This can immediately give you a jumpstart on your financing search and narrow down potential options simply based on the amount they offer.
Additionally, having a cohesive financial plan in place can improve your chances of actually being approved for funding. It demonstrates forward-thinking on your part and for traditional loans, investors, and any other funds that require a business plan or pitch, it’s necessary to even be considered.
Once you’ve planned out how much you’ll need, it’s time to consider your options.
Video Provided by Oracle NetSuite:
Link to Full Article: https://www.netsuite.com/portal/business-benchmark-brainyard/industries/articles/cfo-central/funding.shtml