Bank of Internet
Bank of Internet offering your site a wide range of financial products. What separates Bank of Internet from other online banks is the personal attention to their customers, low, low fees, great rates and a full line of valuable services. They target consumers with good to excellent credit, while offering the some of the most competitive rates around.

.: Find Startup Funds
Find Startup Funds

If you had an idea, had done the research, finished the business plan, and you have an estimate of how much it’s going to cost to get it all off the ground, what should be the next step? Finding money for sure!

But don’t let this issue be an obstacle to your dreams. Here we have listing some ideas to help you:

1. Start with friends and family. This is a time-honored tradition in some cultures and could be the best way to go, depending on your situation. However, exercise caution: your finances might become grist for the family rumor mill and you might create friction if something goes awry.

2. Than looking for in your savings and investments. Depending on how much you’re looking at, you may be able to pull the amount from savings, CDs, stocks, or bonds.

3. Credit Cards. Yes. But remember that you need to pay back. Anyway it is a option if you are conscious about what you will be doing. Again, depending on how much you need, you could use the cash advance line on a credit card as an unsecured line of credit. Look for low interest rates and cash advance fees. A recent survey of small and mid-sized businesses revealed that nearly 50% of all small businesses use credit cards in some capacity to get up and running.

4. Bank Loans. Well, bank loans are tough for startups to acquire. Usually banks loan money to companies that are stable and profitable or whose officers have a successful business background. They’re not impossible, however. Make sure you have your business plan in order before approaching your banker.

5. Personal or Home Equity Loan. Since bank loans can be difficult for first time businesses, you might try getting a personal loan using your personal property as collateral. That’s where 20% of businesses find their start up funds, according to previous survey.

6. Selling personal assets. If you have antiques, jewelry, collectibles, stocks, or real estate on your balance sheet, you might consider selling them to get your startup funds. A recent news story I saw reported that the antique jewelry market has seen a surge lately as more and more people sell unworn heirloom jewels to finance business startups.

Important * Note: before selling anything, a good idea is to learn from a winner. Learn the Trump Way to succeed in business

7. SBA Guaranteed Loans. That is a great option! If you live in the United States, you might be able to get the Small Business Administration to back a bank loan. That means that while they don’t loan money themselves, the Small Business Administration will, upon reviewing your business plan, help you find and secure funds from the private sector. To learn more, visit the SBA site: http://www.sba.gov/financing/indexloans.html

8. U.S. Government Grants. Get startup money from Uncle Sam? Absolutely yes, if you’re a U.S. citizen. There are thousands of grants available for specific types of research, and it’s how both Donald Trump and Ross Perot got their start. You’ll need to dig a little, but you can find a comprehensive list of grants at:

• The Catalog of Federal Domestic Assistance - http://aspe.os.dhhs.gov/cfda/

• The Foundation Center - http://fdncenter.org

• Fundraising and Grant Writing - http://www.fundsnetservices.com/grantwri.htm

9. Angel Investors. An Angel Investor is a person or entity willing to invest in your startup for a percentage of the equity. You must have your research and business plan done before you approach them. Typical investments stay in the five figure range. What is the Angel’s biggest concern? Got his money back for sure. Angels also tend to invest in things they understand or participate in, so approach people who are going to be the users, suppliers, or people within the industry or market area

10. Venture Capital. Venture Capitalists look for highly profitable, very fast growing, early to mid-stage ventures. They seek almost immediate returns on their money, which often include funds from wealthy individuals and institutional investors (i.e., pension funds) looking for a high rate of return. Often, they’ll want a lot of control, and will bring in their own people to “run the show.” Venture capitalists really like “hot” industries like high-tech and internet for example) and companies that are poised to go public.

Good luck!


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