Ce diaporama a bien été signalé.
Nous utilisons votre profil LinkedIn et vos données d’activité pour vous proposer des publicités personnalisées et pertinentes. Vous pouvez changer vos préférences de publicités à tout moment.

The Pros & Cons of Small Business Funding Options

3 694 vues

Publié le

Watch this presentation as we walk through why you should consider outside funding, the factors to consider, and the pros and cons with each of the options – from online loans and credit cards to peer-to-peer lending, crowdfunding and business grants.

  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (Unlimited) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download Full EPUB Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... ACCESS WEBSITE for All Ebooks ......................................................................................................................... Download Full PDF EBOOK here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download EPUB Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download doc Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • I made $2,600 with this. I already have 7 days with this... ■■■ http://ishbv.com/surveys6/pdf
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • I went from getting $3 surveys to $500 surveys every day!! learn more...  https://tinyurl.com/realmoneystreams2019
       Répondre 
    Voulez-vous vraiment ?  Oui  Non
    Votre message apparaîtra ici
  • Soyez le premier à aimer ceci

The Pros & Cons of Small Business Funding Options

  1. 1. Kabbage Kam Webinars #KabbageKam The Pros & Cons of Small Business Funding Options
  2. 2. Meet the speakers… Andres Thomas Customer Success Kabbage, Inc. Moderator Jon Parise Head of Customer Marketing Kabbage, Inc.
  3. 3. Kabbage Kam Webinars #KabbageKam Get Small Business Content Visit this page to download: http://kabb.ag/loans101
  4. 4. So…you need money.
  5. 5. In many ways, there has never been a better time to get capital So many options: • Traditional bank loans • Online lending • Peer-to-peer lending • Crowdsourcing/funding • Angel investing/lending • SBA loan • Merchant cash advances • Government grants • Credit cards • Friends & family
  6. 6. The right option? Of course, it depends.
  7. 7. Factors to consider • Application process • Time to apply / decision • Convenience and funds availability • Loan amount • Cost (APR, origination and closing fees, etc.) • Repayment options • Customer service
  8. 8. You have an idea You made it! You’re ready for the next big step The right option for you could depend on where you are as a business
  9. 9. You’re wondering: • Is this a good idea? Good enough that people will want to invest? • How much money do I need to get this idea off the ground? • What resources do I need – people, equipment, inventory, etc.? • How much personal debt / risk am I willing to take on? • Am I ready for the unexpected? You have an idea You made it! You’re ready for the next big step
  10. 10. You could consider… Because… But you should also consider… Personal funds It’s your money. IT’S YOUR MONEY! Are you willing to put this on the line? Is your spouse equally willing? Personal Credit Cards You already have one. And points! High APRs; Can’t pay employees on credit. Crowdfunding It’s sexy. Can be an inexpensive and low risk path. Get validation for your idea. Highly competitive and time intensive. All or nothing approach. Transparency. Often treated as income, therefore taxable. Friends & Family They love you. Do you want your business partner sitting next to you at Thanksgiving? Angel funding You can get large amounts of money; guidance from the investor. Are you willing to give up equity? Challenge in finding willing investors. Phase 1: You have an idea
  11. 11. You’re wondering: • How can I invest in inventory, staff, facilities, etc. in order to build a solid revenue stream? • How can I pay my vendors on time? • Am I willing to put up a personal guarantee on any debt I take? • How will I pay my employees when cash flow is tight? • How can I generate the highest ROI on any debt I take on? • Am I ready for the unexpected? • How can I have peace of mind while trying to grow the business? You have an idea You made it! You’re ready for the next big step
  12. 12. You could consider… Because… But you should also consider… Traditional bank loan / line of credit You can typically get lower rates and a larger sum of money; it’s what you’re used to. They will speak to you if you can take a larger sum. Speed to funds; Paperwork; Likelihood to get funds; Collateral (personal guarantee + asset required). Small Business Credit Cards Perks and points. Annual fees; High APRs; Vendors or employees that don’t accept credit cards. Online lenders – Line of Credit (Kabbage) Quick application / decision process; higher likelihood to qualify; ability to take amount needed. Shorter terms; more ideal for “smaller” investments (<$150k). Online lenders – traditional loan product Quicker application process than banks. Payback options; higher rates on average; lump sum. Government grant Inexpensive way to get funds (may require matching). Difficult to obtain; stringent guidelines. Phase 2: You made it!
  13. 13. You’re wondering: • How much money do I need to make that big investment? (R&D, new location, new workforce, etc.) • How long will it take me to realize a return? • How quickly do I need those funds? • Do I have a rainy day funds? You have an idea You made it! You’re ready for the next big step
  14. 14. You could consider… Because… But you should also consider… Traditional bank loan / line of credit You can typically get lower rates and a larger sum of money; it’s what you’re used to. They will speak to you if you can take a larger sum. Speed to funds; Paperwork; Likelihood to get funds; Collateral (personal guarantee + asset required). Online lenders – Line of Credit (Kabbage) Quick access to capital; control your repayment; ability to take amount needed. Shorter terms; more ideal for “smaller” investments (<$150k). Online lenders – traditional loan product Quicker application process; may qualify for a larger amount. Payback options; higher rates on average; lump sum. SBA Loan Long-term, fixed-rate financing for major fixed assets. Slow approval process (1+ month). Venture Capital Ability to make large investments and fuel hyper growth; strategic partnerships. Lengthy due diligence process; giving up equity in your business. Phase 3: You’re ready for the next big step!
  15. 15. You have an idea You made it! You’re ready for the next big step
  16. 16. So. Many. Options.
  17. 17. So! Many! Options!
  18. 18. Kabbage vs. Other Online Lenders KABBAGE vs OTHERS 1 year in business Min requirement Varies Minutes; instant decision Time to apply Hours; decision in 24 hours No origination fees Fees Origination fees No prepayment penalty Repayment Prepayment penalties Line of credit: Take as much as you want when you want Flexibility Traditional loan product; one lump sum We connect to your existing business data sources, no need to fill out extensive information for application Innovation Traditional credit criteria Dedicated customer service team; live personalized service Customer Service Call center based customer service team, often outsourced Your Kabbage loan grows as you grow Partner Reapply each time you need funds
  19. 19. Kabbage Kam Webinars #KabbageKam Get Small Business Content Visit this page to download: http://kabb.ag/loans101
  20. 20. Kabbage Kam Webinars #KabbageKam From @KabbageInc Thank you!

×