One of the biggest hurdles for investors old and new alike is securing financing. You can have everything else with your business in place but without financing you won’t get very far. How and where you find financing has changed dramatically over the past ten years. It wasn’t that long ago when lender financing was the only realistic source of funding. Today between hard money lenders, private money lenders and silent capital partners there are more financing options than ever before. While finding financing is easier it doesn’t mean it will simply fall on your lap. You still need to dazzle your capital source and make a solid presentation regardless of who you are talking to. Here are five tips to help establish and secure the financial backing you are looking for.
Even if you currently use traditional lender financing or have a hard money outlet you can never have enough sources of capital. Use these five tips in your next financing meeting.