| Oct. 10 2006 at 11:53 AM |
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"A business borrower has to show that he’s invested his own money, and
perhaps that of family and friends, to get his product or service to
the point where a business loan is needed for the next stage or
development or sale. If the borrower won’t assume the risk, a lender
won’t either."
This stepped approach to ultimately getting the financing you need to start or grow your business is tried & true. We've seen it used successfully many times. Does anyone have a success story to tell using this type of approach?
Check out the full article by clicking on the link above and feel free to ask further questions or discuss by posting here.
Joel Welsh
chief community officer
StartupNation
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| Oct. 10 2006 at 6:25 PM |
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mike wonderful article, everything you have mentioned is exactly on que. Myname is bart ,and Iam chairman of Hep Eyewear Llc. We began this journey many years ago, and to date we are still going bat it sronng. Always have decepline and tenacity and never ever give up. Follow your dream it will come to frition. Looking for a few additional professionals to join our team.bart tarrington chairman sunbird project
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| Oct. 11 2006 at 12:03 AM |
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A good article which summarizes the basics of what it takes to get a lender to take notice.
I interviewed a variety of bankers to get their opinions on how to improve the chance of getting bank financing and wrote the article "Am I Bankworthy?". It addresses eight things bankers think a company should do to prepare beyond the 5 C's of credit and basic due diligence items. It applies to almost any situation a business owner is seeking a business loan or equity from a third party. The full article can be found on my blog at http://marshall-showmethemoney.blogspot.com/2006/06/am-i-ban kworthy.html
Edited by: mlebovits - Oct. 11 2006 at 12:04 AM
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