What are Your Options for Getting Business Capital?
The Business Capital Advance Option
A “business capital advance” is more costly than a bank loan if interest costs were the only consideration. However, when weighed against the opportunity cost (loss) of not having access to capital or a more expensive alternative of venture funding, this can quickly become a favored option.
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Considerations
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Friends & Family
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Traditional Bank Loan
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Venture Funding
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FlowFunding™
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Minimum Loan Amount
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?
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$25,000
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$250,000
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$3,000
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Business Plan Required
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Usually
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Certainly
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Certainly
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Never
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Business Tax Returns
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Seldom
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2-3 years’
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2-3 years’
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Never
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Personal Tax Returns
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Seldom
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2-3 years’
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2-3 years’
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Never
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Business Guarantees
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Usually
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Yes
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Usually
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Never
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Personal Guarantees
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Seldom
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Certainly
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Possibly
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Never
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Collateral Requirements
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Seldom
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2:1 ratio typical
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Possibly
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None
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Closing Costs and Fees
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Seldom
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Usually
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Usually
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None
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Approval Time
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?
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4-8 weeks
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4-8 Weeks
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5-7 days
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Cost of Capital
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Varies
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Low
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Very High
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Medium
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Additional Cost Considerations
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Depends on Success
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Always least expensive, but most restrictive
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Owners’ equity, control, and autonomy
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Financial Only
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Use of Proceeds
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Typically None
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Restricted to use outlined in business plan
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Restricted to intended business purpose
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No Restrictions.
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More Information
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Options for Small Business Capital
No obligation! You are not applying for financing at this time. USA Only - This information request is not an agreement for financial services.
Yes! I want to know how much I can get, and how fast:
