Comments on: Raising cash for a fast-growing business http://smallbusiness.blogs.cnnmoney.cnn.com/2008/08/26/raising-cash-for-a-fast-growing-business/ Editors from FSB magazine answer your pressing small-business questions. Sat, 07 Nov 2009 04:49:19 +0000 http://wordpress.com/ hourly 1 By: Ron Wainrib, Esq., Franklin, MA http://smallbusiness.blogs.cnnmoney.cnn.com/2008/08/26/raising-cash-for-a-fast-growing-business/#comment-1707 Ron Wainrib, Esq., Franklin, MA Mon, 20 Apr 2009 21:26:18 +0000 http://askfsb.wordpress.com/?p=597#comment-1707 Don't overlook the potential for grant funding, from federal, state or local governments. Despite the widespread myth that 'grant funds are not available' and 'all are scams'. This is simply not the case. You can find grant 'success stories' - small business that grew very quickly with the help of federal, state, and local grants. I have included examples in my book "The Grant Authority", (c) 2008. Don't overlook the potential for grant funding, from federal, state or local governments. Despite the widespread myth that 'grant funds are not available' and 'all are scams'. This is simply not the case. You can find grant 'success stories' – small business that grew very quickly with the help of federal, state, and local grants. I have included examples in my book "The Grant Authority", (c) 2008.

]]> By: Gene, Atlanta, GA http://smallbusiness.blogs.cnnmoney.cnn.com/2008/08/26/raising-cash-for-a-fast-growing-business/#comment-941 Gene, Atlanta, GA Thu, 02 Oct 2008 14:32:22 +0000 http://askfsb.wordpress.com/?p=597#comment-941 I too operate a "start-up" that needs an infusion of cash. Our business is on track for a $4 Million in sales (30% growth in each of the last 2 years). We have new opportunites to invest in inventory, but lack the necessary cash to close the deal. I would prefer to offer someone a guaranteed rate of return (e.g., 20%) for investment of $500,000 for a maximum of one year. Can anyone guide me in the right direction. Gene Hammett <a href="http://www.actionseating.com/" rel="nofollow">Action Seating Inc</a> We sell tickets and packages to large sporting events, like The Masters, Super Bowl, World Series and Olympics. I too operate a "start-up" that needs an infusion of cash. Our business is on track for a $4 Million in sales (30% growth in each of the last 2 years). We have new opportunites to invest in inventory, but lack the necessary cash to close the deal. I would prefer to offer someone a guaranteed rate of return (e.g., 20%) for investment of $500,000 for a maximum of one year. Can anyone guide me in the right direction.

Gene Hammett
Action Seating Inc
We sell tickets and packages to large sporting events, like The Masters, Super Bowl, World Series and Olympics.

]]> By: Svetlana K, Miami, Fl, www.ecompetitors.com http://smallbusiness.blogs.cnnmoney.cnn.com/2008/08/26/raising-cash-for-a-fast-growing-business/#comment-916 Svetlana K, Miami, Fl, www.ecompetitors.com Wed, 17 Sep 2008 23:11:54 +0000 http://askfsb.wordpress.com/?p=597#comment-916 Mr. Dan Henderson, you may find some kind of big investors thru Internet, or you may ask your friend or previous investors etc. Mr. Dan Henderson, you may find some kind of big investors thru Internet, or you may ask your friend or previous investors etc.

]]> By: Julia Pereymer, NY, www.ecompetitors.com http://smallbusiness.blogs.cnnmoney.cnn.com/2008/08/26/raising-cash-for-a-fast-growing-business/#comment-915 Julia Pereymer, NY, www.ecompetitors.com Wed, 17 Sep 2008 22:55:35 +0000 http://askfsb.wordpress.com/?p=597#comment-915 It looks that you are doing very well. In my opinion, you have to go to investors. You aren’t going have any problems at raising capital It looks that you are doing very well. In my opinion, you have to go to investors. You aren’t going have any problems at raising capital

]]> By: Brian Javeline, Pompano Beach, FL http://smallbusiness.blogs.cnnmoney.cnn.com/2008/08/26/raising-cash-for-a-fast-growing-business/#comment-885 Brian Javeline, Pompano Beach, FL Thu, 28 Aug 2008 17:11:32 +0000 http://askfsb.wordpress.com/?p=597#comment-885 My suggestion to Dan, being an early stage company myself that has been successful at raising (angel) capital and is still raising more capital is to first realize that his function will immediately change once he starts the process. I run www.MyOnlineToolbox.com and it is a full time job for pursuing more capital to maintain our growth. Every document (Executive Summary, PowerPoint Presentation, Marketing Plan, etc.) will need to be constantly updated. Many of the firms he will seek will keep the first version of what is sent simply to review it a short time later to look at the metrics, therefore you should track the dates and versions of everything sent out. The good news is that you are clearly established, but the net is that you are still searching for money and that will require a constant effort. My suggestion to Dan, being an early stage company myself that has been successful at raising (angel) capital and is still raising more capital is to first realize that his function will immediately change once he starts the process. I run http://www.MyOnlineToolbox.com and it is a full time job for pursuing more capital to maintain our growth. Every document (Executive Summary, PowerPoint Presentation, Marketing Plan, etc.) will need to be constantly updated. Many of the firms he will seek will keep the first version of what is sent simply to review it a short time later to look at the metrics, therefore you should track the dates and versions of everything sent out. The good news is that you are clearly established, but the net is that you are still searching for money and that will require a constant effort.

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