What you do:
You need a loan or you want to find a partner for your new business or existing
business.
First,
You sign up for our service. Click
Here
What we do:
We post your Loan appeal in your own words on our website.
You get your an entire web page to state your case
along with a one line link on
our listing page.
Then what?
A venture capitalist or an existing business owner
reads your Loan appeal (request for loan) and they contact
us and we forward that information to you.
What's next?
The potential lender will wait to hear back from
you and the two of you put a deal together.
Note: We will never give out your
name or email address and we do not ever recommend
including that information on your web page either.
We assign a special code number to your Loan appeal and that
is how you are identified when the potential lender
contacts us.
We then forward over the complete email from the
potential lender or partner to you and you
make the first contact.
Do you want to Lend or Partner
with one of our Members?
Read the Loan Appeal and make a note of the Loan
Appeal number located at the top of the page. Click
Here and fill out the form with your contact
information and we will forward it to the person
needing the funding.
Be sure to include the Loan Appeal number!
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Owners of small businesses use their
personal savings or take loans from family and friends to start a
business. As the business grows, the owners realize that they need to
raise large sums of money through commercial loans. However, for that to
happen, you should first define your needs, decide how the loan is to be
structured, and prepare a basic loan application.
We give you an entire web page to say anything you
want about your need for a loan or maybe you are
looking for a partner.
Defining the need for Loan:
Before taking a loan, ensure if your
needs can be met by managing your cash flow more strictly. However, a
loan would be essential especially if you want to expand your business,
or if your business or industry is in a transitional stage.
When taking a loan, you should tell
your lenders how you plan to use the money, how the loans you take fit
in with your business plan, and how your business is doing compared to
others in the industry. You can afford to take a loan when you are
making a profit and your business is doing well as compared to others in
the same industry.
Structuring the Loan:
When taking loans from commercial
institutions or lenders, you can treat your lenders as investors or
creditors. Investors may not actively participate in the management of
your business when times are good, but may want changes in management
and business strategy when times are bad. They will also demand a share
of the profits. Creditors will demand a personal guarantee, security, or
collateral if they lend money to your business. This security or
collateral can be sold to raise funds if your business defaults on its
debts.
When you need large sums of money to
expand your business over a long period of time, you will need to raise
equity capital through venture capitalists. If you need loans to buy
equipment or machinery, you can take a short-term loan from a bank.
Preparing the Loan
Appeal:
The procedure for the
Loan Appeal begins with a you explaining the following:
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Your business experience
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The nature of your business
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How much money you need
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What you need it for
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How the money will be paid back
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How the funds will help your
business
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In the loan appeal itself,
provide background information on your industry and business, with
industry-specific details, so that lenders understand how you run your
business and how it is affected by industry trends. Describe your
business, the products and services it provides, the manner in which you
raise and utilize debt and equity funds, and your plans for the future,
with estimates of earnings and expenses. Provide background information
on your competition, customers, suppliers, and managers.
Be prepared to offer
the lender financial statements,
cash-flow statements, budgets, balance sheets, profit-and-loss
statements, contracts, and partnership agreements, as well as lists of
properties and assets owned by the business, in the loan application.
You can include some of this information on your web
page.
Lenders will approve your
loan, or they may want to partner with you, based
on their assessment of your capacity to repay the loan, the capital you
have already invested in your business, the collateral that you put up
against the loan, the purpose of the loan, and your ability as a
manager.
Don't be afraid of
partnerships.
Get started today: Click
Here
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