How to Get the Financing for Your New Small Business: Innovative Solutions from the Experts Who Do It Every Day [Paperback]

Sharon Fullen (Author)

Book Description

Publication Date: May 5, 2006

This new book will provide you with a road map to securing the financing. The book goes into traditional financing methods and assists the reader in setting up proper financial statements and a proper business plan. It details the differences between debt and equity financing and how and why to use each. Valuation techniques are explained for determining what your business is truly worth. However, the book's real strength is in explaining alternative and creative methods of financing, such as SBA financing, investor angels, IPOs, limited public offerings and venture capital. Essential resources for finding the detailed information you need are included throughout.

Editorial Reviews

Review

"...It creates so many valid options that the business owner can feel empowered to make things happen..." -- Howard Nevins, President; Marathon Financial Factoring Services

"...it covers all the bases which lead up to getting the capital to make a business become successful" -- Gary W. Honig, President ; Creative Capital Associates, Inc.

"Obtaining money for start up businesses can be challenging. This is a great guide for the new entrepreneur." -- N. Michael Phung, MBA, JD; Beltway Capital Inc. - Custom Mortgage Solutions

Product Details

• Paperback: 312 pages
• Publisher: Atlantic Publishing Company; Book edition (May 5, 2006)
• Language: English
• ISBN-10: 091062755X
• ISBN-13: 978-0910627559
• Product Dimensions: 9 x 6.1 x 0.8 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars  See all reviews (9 customer reviews)
• Amazon Best Sellers Rank: #223,239 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

12 of 14 people found the following review helpful:

5.0 out of 5 stars An Introductory Course, June 9, 2006

By 

DeAnna Knippling "Word Nerd" (Colorado Springs, CO United States) - See all my reviews

This review is from: How to Get the Financing for Your New Small Business: Innovative Solutions from the Experts Who Do It Every Day (Paperback)

While this book does contain a lot of useful information for the new small-business owner, it's also an overview of how to obtain financing throughout the life of a small business. However, this book cannot cover everything you'll need to know -- there are too many variables that depend on your location and line of business. State and national regulations dealing with money change all the time, and the bottom line is that you'll need to consult (at the bare minimum) a lawyer and an accountant experienced in your line of business. The author doesn't hide this at all -- throughout the book, Ms. Fullen cautions the reader to obtain professional advice. So why purchase this book? This book is a great introductory course on small-business financing, a way of helping you understand the great range of financial options available to you. Compare the price of this book to a lawyer's hourly rate: do you really want to pay your lawyer to explain the same information to you? Or do you want to walk into a bank or financial advisor's office knowing the facts? Following the information in this book, you'll be prepared to make an informed decision when it comes to financing your small business. This book may not give you the final answer on what kind of financing you need (no book can), but it's a great way to start!

4 of 4 people found the following review helpful:

5.0 out of 5 stars If You Need to Understand the Ins and Outs of How to Secure Business Financing - This Is the Book For You, February 14, 2010

By 

Nikki Leigh "Award Winning Author & Publicst" (Shenandoah Valley, VA) - See all my reviews

This review is from: How to Get the Financing for Your New Small Business: Innovative Solutions from the Experts Who Do It Every Day (Paperback)

In good financial times it can be hard to secure financing for a new small business. So, getting financing in these tough and uncertain economic times are even harder. That's a reason why you need to know about this book.

We all know that a business can be run in the ground by bad management, poor planning, a downturn in the economy and many other reasons. But improper financial planning is the #2 reason that businesses fail - that is why this book is a valuable resource. Far too many people plan to open or expand a business and incorrectly calculate how much money they will need. Having sufficient money available is critical in being successful.

Compiling a thorough and accurate financial statement is one key. Another key is having a thorough and complete business plan. Both of these items enable you to launch or expand the business with a solid plan and sufficient financing and it allows the lending institution to make the best loan to you and also to give you the best feedback for your situation.

This book delves into some of the more creative financing options - and in these times, it doesn't hurt to get creative when you look for financing.

Some of the topics covered in this book include:

Chapter 1 - Learning Your Money Formula

Chapter 2 - The Money is Out There

Chapter 3 - Your Business Plan

Chapter 4 - Investing in Your Own Dream

Chapter 5 - Neither a Borrower Nor a Lender Be

Chapter 6 - Your Loan Proposal

Chapter 7 - Valuation of Your Business

Chapter 8 - Debt Financing Versus Equity Financing

Chapter 9 - Uncle Sam Helps Out

Chapter 10 - Grants

Chapter 11 - Venture Capital

Chapter 12 - Investor Angels

Chapter 13 - Initial Public Openings

Chapter 14 - Direct Public Offerings

Chapter 15 - Strategic Alliances

Chapter 16 - Legal Considerations

Chapter 17 - The Pitch

Chapter 18 - Glossary

Chapter 19 - Resources

There are many unusual and creative financing options that are discussed in this book in detail. So - if you are looking for a very thorough book that walks you through the traditional and the more creative financing process for your business - this is the book for you. The resources section is also packed with all kinds of resources to get much more information to help you in search to get financing for your business. Like Chapter 2 says -- the money is out there, you just need the details on how to get it.

Note - This book was written several years ago and there are new programs -- however, this book will give you a great foundation to search for business financing and to better understand the process and to understand the terminology during the process.

8 of 10 people found the following review helpful:

5.0 out of 5 stars Excellent resource for serious entrepreneurs, December 11, 2006

By 

P. Greilinger (IA United States) - See all my reviews
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Amazon Verified Purchase

This review is from: How to Get the Financing for Your New Small Business: Innovative Solutions from the Experts Who Do It Every Day (Paperback)

"How to Get the Financing for Your New Small Business" is an excellent resource for entrepreneurs who are serious about starting a new business. One of the biggest stumbling blocks is obtaining financing to begin the process. This book not only talks about traditional financing through a bank, but also offers several more creative methods of raising money to start your small business.
The author stresses the importance of having a well written, complete business plan. She gives helpful tips on how to make your business plan stand out and give you the best financing possible. The author also offers hints on how to dress and how to act when presenting your business plan to financiers.
The book also includes a chapter that features resources offering business plan templates, grants and addresses for specific financier groups in each state.
This book would be a great asset for anyone considering starting a small business. The tips and hints scattered throughout the book will give the reader an advantage over other applicants, maximizing financing possibilities.