Many veterans consider the SBA for their funding. Here is an excellent article by Cassius F. Butts, Regional Administrator in Atlanta of the U.S. Small Business Administration. As we have discussed in class many times, the SBA is a great source of information. Even their website offers many great ideas. The SBA can help veterans find an SBA Preferred Lender in your area.
The key is doing your homework and being prepared.
Here is a great short article about by Erin Lowry about business loans. We discuss these in class and Erin offers some key points here. It is important to do your homework when a veteran entrepreneur seeks funding for their small business. There are many options available to you for financing and loans are certainly one of those options. You need to shop around as Erin writes below.
Here is a current article by Jim Blasingame, Contributing Writer, at the Atlanta Business Chronicle. We discuss this in great detail in class and Jim makes some great points. Veteran entrepreneurs must undertand the loan process when considering debt financing from a financial institution.
Blasingame writes---One of the markers of this post-recession, so-called recovery has been the practice of de-leveraging. Across the economy, from consumers to businesses large and small, debt has become something to avoid.
Here is a current article by Jim Blasingame, Contributing Writer, at the Atlanta Business Chronicle. We discuss this in great detail in class and Jim makes some great points. Veterans must learn early-on in their business career that guarding cash is a critical task for success.
Here is an excellent business loan article by Phil W. Hudson in the Atlanta Business Chronicle. The SBA loan program provides great opportuntity for veteran entrepreneurs seeking debt financing. This is about the Atlanta market, but the news is applicable nationwide. Funding is available from many sources. Veterans need to seek out all of those sources and select the best one for their situation. Visit the SBA site to find top ranked lenders in your area.
Here is an article by Dan Kolber, an Atlanta attorney and owner of Intellivest Securities Research Inc., that highlights the importance understanding the details of borrowing and loaning money. In class we discuss covenants and their importance. This article shines a light on the fine print. A recent criminal case decided by the Georgia Court of Appeals will make it riskier for businesses to raise capital in Georgia because it upheld the use of a criminal statute, “theft by taking,” to what would normally be considered a civil case.
Here is an excellent article by Kedma Ough about funding sources available to veterans. This article offers veterans the options that entrepreneurs should consider. Money is available out there. The key is finding the right source for you and aggressively pursuing it. In addition, don't get discouraged if one source doesn't pan out.
This article from Andy Birol, Contributing Writer at the Atlanta Business Chronicle offers excellent advice for your search for a commercial banker. Here are find simple points to keep in mind if and when you enter into debt financing.
Moving Beyond Early-Stage Companies