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Funding for Business and Economic Development


 

A compilation of web pages and books for those seeking funding related to business and economic development. There is a separate web page for those looking for funding for community development.

These days, the old saying "It takes money to make money" has never been more true. Whether it's 50 bucks or $50 million, your new start-up will cost you something. But how can you tell what kind of funding is necessary and how much of it you will need? Here are the most frequently traveled paths to a bunch of different pots of gold. (1) Family and friends. (2) Bank Loans. (3) SBA loans. (4) Venture capital. (5) Angel funding. Note that grants are not one of the five most frequently mentioned options.

A common myth is that there are grants available for the startup of businesses. In fact, there are virtually no direct grant monies available for entrepreneurs. Another myth is that an entrepreneur doesn't need to have any money to put into the business. Very few businesses are entirely funded by parties other than the entrepreneur. You should be prepared to personally invest a significant portion of the capital required to start up your business.

Reality check! According to an article in Wall Street Journal's Startup Journal, about half of all small businesses finance their formation or expansion with credit cards, according to a survey by the National Small Business Association and Arthur Andersen. The same survey showed that only 6% were financed with an SBA loan, and just 2% received venture capital funding.

Reality check! : There are very few grants available for starting or expanding a business unless the business involves research and development or high technology. Many grants have caveats, such as:
  • They are available only for a specific group of people. Mainly: Research and development for high technology, biotechnology, military products and energy related products, and grants for people who will locate their business in a poor area and employ the people who live there.
  • You must compete with hundreds of other companies.
  • The money must be used for a very specific purpose. (You may not be able to pay your rent or mortgage with that money.)
  • Many government grants can be applied for only when they are announced in the Federal Register, or only during a small window of time once a year.
  • It often takes a lot of work to apply for a grant.
  • You often have to provide a personal guarantee (putting your house on the line) and/or take on responsibility for raising 10-30% of the finances from your own sources (e.g. savings, loans from relatives).
  • You often have to report on your use of the money, or follow particular rules.
  • You can explore the SBA's list of Federal Grant Resources, but you'll soon realize that most grants are not available for the typical business.
Here's what the Small Business Administration says about the pervasive idea that they give out grants to businesses:

"SBA does not offer grants to start or expand small businesses. SBA's grant programs generally support non-profit organizations, intermediary lending institutions, and state and local governments in an effort to expand and enhance small business technical and financial assistance." -- Source: SBA.

Reality check! : Federal Grants for Businesses Usually Only for R&D Ventures

A significant percent of the clients I talk to as a volunteer counselor for the Service Corps of Retired Executives (SCORE) start out with words to the effect of "I understand that there are thousands of grants available to help small businesses."

These folks have seen TV infomercials where they try to sell a book or CD of grants available. The fact is that there are thousands of grants available, but they are primarily through the federal government to encourage research and development or human-resource services.

You don't have to buy a book to get these sources. Some internet sites you can check are;

Or try contacting the Michigan District Office of the Small Business Administration.

The SBA also coordinates the Small Business Innovation Research Program, which provides grant funds to business for R&D purposes only.

Although there is little money available from the federal government, there are outstanding programs to assist small businesses through the SBA loan program, technical resources from the Small Business Technology Development Centers and counseling services from SCORE.

There are also low-interest loans available from some municipalities to encourage a business to locate in a particular area.

The fact is that if you want to start a small business, you need to look at your own net worth.

When my wife and I started Entre Computer Services, we used my severance check from IBM, a second mortgage on our home, and wee gave up 49% of our business to five very good friends who invested the remainder of the funds we needed.

For assistance, call SCORE at 517-487-6340. SCORE is hosted by the Lansing Regional Chamber of Commerce.

Reality Check! The Truth About Government Small Business Grants Thinking about getting a government grant as a way to help finance your small business? You aren’t alone. If you watch any T.V. (especially late night T.V.) or do much reading on the Internet sooner or later you will stumble on a tantalizing possibility for the small business owner: government grants. The holy grail of business financing (of any financing, really) a chunk of money that you never have to pay back. What could be better?

DO NOT PAY, DO NOT PASS GO

Let me start by saying: DO NOT PAY ANYONE FOR GOVERNMENT GRANT INFORMATION - NEVER, EVER, NEVER, EVER, NEVER! (If you need more reinforcement, copy the NEVER, EVER part and paste it again and again in your favorite text program until it fills the screen. If you still think it might be a good idea to pay for some “inside secrets” then ring your call button and Tommy will come hit you on the head with a tack hammer — 10 bonus points for the movie title.) Visit The Truth About Government Small Business Grants

 

Web Sites | Books
 

Note: Some listings are filed by surname


MSU faculty and students may want to give Proquest Entrepreneurship a visit. It includes a section of Funding which pulls together news sources on debt financing (covering Bank loans, Bootstrapping, Family and friends, Microfinance, and SBA guaranteed loans) and equity funding (covering Angel investors, Canada small business financing, Going public, Private equity, Seed money, and Venture capital). Note: access restricted to MSU faculty, staff, and students during one-year trial.

9 Federal Programs To Help Resolve Disputes
http://www.educationmoney.com/mediation_services.html
Mediation services are provided by a number of Federal agencies (such as, the Federal Mediation and Conciliation Service), to resolve disputes between labor and management, and prevent unfair monopolistic practices and unfair methods of competition. EducationMoney.com repackages information from the Catalog of Federal Domestic Assistance in an interesting manner.
(Last checked 06/08/14)

34 Federal Programs to Assist Businesses
http://www.educationmoney.com/business.html
The Small Business Administration (SBA), the Department of Transportation (DOT), and the General Services Administration (GSA) provide the following assistance programs to large and small businesses in the form of training, counseling, and insured loans. EducationMoney.com repackages information from the Catalog of Federal Domestic Assistance in an interesting manner.
(Last checked 06/08/14)

About.com's Guide to Funding for Inventors
http://inventors.about.com/msub4.htm?once=true&
An introduction to invention funding with several different sources of invention funding that you can approach to borrow or raise the funds needed to bring your idea through the several stages of process and to the marketplace.
(Last checked 06/08/14)

ACCION USA Loans for Small Businesses
http://www.accionusa.org/home/small-business-loans/about-our-loans.aspx
ACCION USA offers flexible loans (up to $50,000) and provides affordable alternatives to high-cost sources of capital, such as credit cards, factoring, or predatory lenders.
(Last checked 06/08/14)

Amber Grants for Women in Business
http://womensnet.net/get-an-amber-grant/
Deadline : varies
Our primary focus is assisting women who are trying to start small businesses, home-based or online. The grants are small, usually $500 to $1000, and are intended to be used to upgrade equipment, pay for a web site etc - the small but essential expenses that can often make the difference between getting started or being forever stalled. No repayment is required or expected, although it is hoped that you will pass on the kindness by mentoring and helping others along the way.
(Last checked 06/08/14)

Ann Arbor Angels
http://www.annarborangels.org/
The Ann Arbor Angels (A2A) is a collaborative non-profit organization dedicated to bridging the gap between angel investors and early stage technology-based companies in Southern Michigan. The focus of the organization is to facilitate private equity and debt financing.
(Last checked 06/08/14)

Apjohn Ventures (Kalamazoo, MI)
http://www.apjohnventures.com/
The Apjohn Ventures Fund is an early stage life sciences venture capital fund based out of Kalamazoo, Michigan established to invest primarily in early stage life sciences companies across the Midwest. The goal of the fund is to provide investors with superior financial returns by making equity investments in innovative life sciences companies with sustainable and outstanding growth potential. It is one of the few venture firms in Michigan and in the Midwest with experience and focus in biotech investing within the life sciences sector. The attractions of the fund to potential companies and investors alike include the fund's depth of pharmaceutical and biotech industry expertise and networks, strategic business perspective, operational and financial expertise, syndication deal experience with angels and regional and national venture capital funds, M&A and IPO background and relationship with the Apjohn Group. For more information on the fund, please contact Mina Patel Sooch (248.681.9815) or Donald R. Parfet (269.349.8999).
(Last checked 06/08/14)

Arboretum Ventures
http://www.arboretumvc.com/
Ann Arbor, MI Arboretum Ventures is a $24 million venture capital firm based in Ann Arbor, Michigan that invests in seed and early-stage healthcare and life sciences opportunities, primarily in the Midwest. Arboretum focuses on companies developing novel technologies in medical devices, diagnostics, drug discovery and health care information technology. Located in Ann Arbor, Michigan, Arboretum invests throughout the United States, with an emphasis on the upper Midwest. The venture capital firm handles its investments with a hands-on, constructive approach, combining entrepreneurial experience with established relationships in the healthcare and medical technology industries. The end result is developed businesses and outstanding returns for their entrepreneurs and investors. For additional information, please contact Jan L. Garfinkle or Timothy B. Petersen (734.998.3688).
(Last checked 06/08/14)

Are You Searching for Money to Start a Business?
Available on microfilm.
Are you searching for money to start a new business? The first place entrepreneurs commonly look is their own savings or credit cards. The second place is family and friends. Such private loans and investments from relatives and acquaintances are often an integral part of raising start-up capital, when a business is too small or unproven to qualify for commercial lending. Entrepreneurs generally provide two-thirds of their own start-up capital. Private loans and investments make up the bulk of the rest, according to the Global Entrepreneurship Monitor, a consortium of universities. The advantages are lower interest rates than at a bank (or none at all), flexible repayment and a certain amount of forgiveness if your start-up sinks. But borrowing from relatives, or allowing them to invest in your new business, can put your personal relationships at risk, and the cozy nature of such loans can lead business owners to be lackadaisical about repaying the money. The default rate for such friends-and-family loans is 14%, says Asheesh Advani, owner of CircleLending, which manages private loans; he is also author of "Investors in Your Backyard" from the Nolo do-it-yourself book series. If there's one piece of advice to heed above all others, it's to put your financial arrangement in writing. Write a formal business plan, make out a promissory note and draw up a formal repayment schedule and stick to it. Such documentation cuts the default rate on private loans in half and makes it easier for both parties to claim their tax benefits, Advani advises. Tips from the Detroit Free Press, April 3, 2006.
(Last checked 06/08/14)

Battle Creek Unlimited
http://www.bcunlimited.org/
Battle Creek Unlimited, a business development and funding group, has announced a partnership that will help start-up businesses in southwestern Michigan get up and running. BCU in partnership with Factotem, a business accelerator and design-build company, will build a virtual business incubator. The incubator will provide a comprehensive array of tools, links, resource contacts and information that will help entrepreneurs commercialize their ideas and accelerate that process by bringing the right people and resources together in a virtual environment.
(Last checked 06/08/14)

Best Banks for Entrepreneurs
http://www.entrepreneur.com/bestbanks/index.html
Are you on the hunt for capital to start or grow your business? Search our listing of the best small-business-friendly banks most likely to lend you the funds you need. Includes state-by-state directory of microbusiness friendly banks, top 100 venture capital funds in the U.S., how to raise money for your business, and start-up financing advice.
(Last checked 06/08/14)

Bridge Street Capital Partners, LLC (Grand Rapids, MI)
http://www.bridgestreetcapital.com/
Bridge Street Capital Partners, LLC, with offices in Chicago, Illinois and Grand Rapids, Michigan, looks to serve entrepreneurs in the Midwest Region of the United States. Its goal is to make local private equity capital available to regional businesses for ownership transitions and growth funding. The expertise that its principals provide is in operational areas such as strategic planning, brand identity, management and capital sourcing. The group's industry focus is broad also and includes industrial manufacturing, distribution and logistics, consumer products, healthcare and business services. Contact John Meilner or Bill Kaczynski at 616.732.1050 for information.
(Last checked 06/08/14)

Business and Commerce Grants Available from the U.S. Government
Posted on Grants.gov
http://grants.gov/search/search.do?mode=CATSEARCH&fundActivity=BC
Some of the most current grant opportunities posted by the federal government. Select business and commerce as funding activity category.
(Last checked 06/08/14)

Business Grants from the State of Michigan, try the Michigan Electronic Gants Administration and Management System Portal (EGrAMS).

BusinessFinance.com
http://www.businessfinance.com/
A commerical web site that provides categorized funding criteria for over 4,000 sources of business capital.
(Last checked 06/08/14)

Business.gov Grants & Loans: Break Through the Myths & Find the Right Financing for Your Needs
http://community2.business.gov/t5/Small-Business-Matters/Grants-amp-Loans-Break-Through-the-Myths-amp-Find-the-Right/ba-p/4729
Whether your small business is established or you are new to business ownership, it's important to understand the variety of low-interest government-backed business financing available to you in the forms of loans and grants.
(Last checked 06/08/14)

Business.gov Search for Business Loans, Grants and Financing
http://search.business.gov/startLoans.html
This Federal initiative provides a free, interactive search tool for loans, grants and financing for small businesses. Site includes many resources for starting or expanding a small business, including community discussion boards. Popular topics include starting a small business and loans, grants, and taxes. Read past discussion threads or post your own question.
(Last checked 06/08/14)

Capital Community Angels (East Lansing)
http://www.capitalcommunityangels.org/
Angel investors are high-net worth people who pump their own money into early stage companies. These risky investments often are needed before bankers or venture capitalists will consider investing themselves. Capital Community Angels includes about 17 people. Eight were involved in this investment, said Loïc Couraud, founder and administrator of the group. Its membership list is not public. In August, the group invested $250,000 in XG Sciences Inc., a nanotechnology company that makes small particles that can be added to other materials to improve or change their characteristics.
Capital Community Angels has also chosen to infuse more than $250,000 into BoroPharm, a spinoff of Michigan State University chemistry technology. The company, which has a sales office in Novi and laboratory space in East Lansing, makes boronic acid compounds, building blocks used by chemical makers, pharmaceutical companies and the electronics industry.
Source : Jeremy W. Steele, "'Angel investors' boost area startup", Lansing State Journal, July 22, 2008.
(Last checked 06/08/14)

Cheap Therapy Pay it Forward Grant
http://www.cheaptherapy.net/id62.html
She's not Oprah, but small business owner Lisa Richey wants to help someone else get over a financial hurdle, just like a grant helped her do three years ago. Grant Dollars: $500.00 You simply have to mail your story (via snail mail, not e-mail), then after the grant works for you, pay it forward to someone else. Guidelines, application instructions and program-specific contact information are available on the web page.
(Last checked 06/08/14)

Count Me in For Women's Economic Independence
http://www.count-me-in.org/
An internet-based organization that raises money to make small-business loans to women.
(Last checked 06/08/14)

Crest Capital
http://www.crestcapital.com/equipment_loan_media
Crest Capital is an Equipment Finance and Equipment Leasing company that provides businesses with the funds they require to obtain the equipment they need. Regardless of the strength of the economy or the current economic climate, Crest understands that solid businesses still wish to grow, and strives to provide easy financing at great rates, with the fastest approval time in the industry. Their web site contains interesting articles such as:
(1) Why Most Commercial Lenders Do Not Provide Loans To StartUp Businesses
(2) Equipment Financing and The Five Cs of Credit Evaluation
For more information contact Walt Edwards walte2001@gmail.com.
(Last checked 06/08/14)

Department of Housing and Urban Development (HUD)
http://www.hud.gov/
If your community is a HUD Empowerment Zone, an Enterprise Community, an Urban Renewal Community, or a Rural Community, tax benefits may be available for businesses that expand, start, or relocate there.
(Last checked 06/08/14)

Detroit Venture Partners
http://www.detroitventurepartners.com
Offering financing for entrepreneurs hoping to launch internet products. Plan to fund 6 to 8 companies a year in 2011.
(Last checked 06/08/14)

Downtown Lansing Economic Area Partnership (LEAP)
http://www.purelansing.com/
Fund Lansing is aimed to assist companies and individuals in greater Lansing who are raising investment through web-based crowd funding platforms.
(Last checked 06/08/14)

Economic Development Grants Form the State of Michigan
try the Electronic Grants Administration and Management System Portal

EDF Ventures (Ann Arbor, MI)
http://www.edfvc.com/
EDF Ventures is a national venture capital firm currently managing $170 million of private equity investments. Since forming its first fund in 1995, EDF Ventures has played a leadership role in providing venture capital to more than 30 emerging technology companies. EDF Ventures identifies its investments by partnering leading universities, research institutions and companies together and commercializing their technological advancements. EDF Venture's portfolio of investments includes a concentration of early stage companies whose technologies address large, well recognized problems or transform existing health care and technology markets. The fund's managers are committed to making their investments a long term success and bringing important new technologies to market. The fund concentrates on the untapped markets of the Midwest and Southern California, but does exclude the strategic opportunities offered by the Bay Area and Boston. For more information on the fund, please contact Mary Campbell, Mike DeVries or Beau Laskey (734.663.3213).
(Last checked 06/08/14)

Edward Lowe Foundation, see Lowe Foundation

Employment, Labor, and Training Grants Available from the U.S. Government
Posted on Grants.gov
http://grants.gov/search/search.do?mode=CATSEARCH&fundActivity=ELT
Selecte employment, labor, and training as funding category.
(Last checked 06/08/14)

Entrepreneur's Top 100 Venture Capital Firms (2007)
http://www.entrepreneur.com/vc100/index.html
Are you on the hunt for venture capital to start or grow your business? If so, you've come to the right place. Here are the information and resources you need to initiate, negotiate and close the deal. We've got a listing of the top 100 venture capital firms in the United States and plenty of articles that will help you learn how to get to the deal-closing handshake. So read on to find out how to find a VC firm that's a perfect fit for your business.
(Last checked 06/08/14)

Entrepreneurship.org
http://www.entrepreneurship.org/
This web site sponsored by the Ewing Marion Kauffman Foundation provides resources covering many topics of interest to entrepreneurs, including starting and growing a business, and supporting entrepreneurship.
(Last checked 06/08/14)

Fedbizzopps.gov
Federal Business Opportunities
http://www.fbo.gov/
Review federal business opportunities posted over the last 30 days.
(Last checked 06/08/14)

Federal Programs to Create Jobs
http://www.educationmoney.com/employment_labor.html
The Department of Labor and other Federal agencies provide the following programs to stimulate industry and generate employment opportunities; facilitate the integration of employers and labor organizations; improve the quality of the workforce and reduce welfare dependency; and enhance the productivity and competitiveness of the nation's economy. EducationMoney.com repackages information from the Catalog of Federal Domestic Assistance in an interesting manner.
(Last checked 06/08/14)

Financing Small Business Enterprises: Sources of Information
http://www.loc.gov/rr/business/guide/guide3/
A Business Brief Compiled by: Angela Wilson, Carolyn Larson, Shari Jacobson, Business Reference Services, Humanities and Social Sciences Division, Library of Congress, Washington 1994.
(Last checked 06/08/14)

Financing Your Business
http://www.sba.gov/financing/
Describes the various loan programs of the U.S. Small Business Administration.
(Last checked 06/08/14)

Finding Funding : A Guide to Federal Sources for Workforce Development Issues
http://www.financeproject.org/publications/workforcefunding.pdf
A compilation by the Finance Project, June 2005.
(Last checked 06/08/14)

Grand Angels (Holland)
http://www.grandangels.org/
The Grand Angels is an angel network based in Grand Rapids, Michigan whose goals are to utilize its financial, intellectual and networking capital to promote the success of young growing companies and to enhance the economic development of West Michigan. The Grand Angels is committed both to making profitable investments and to community economic development. The Grand Angels is the only regional investment group that offers mentoring paired with a relatively patient exit strategy -- meaning invested funds may not need to be returned as quickly as would be expected by commercial or other investors. While Grand Angels investments are not geographically limited, the major focus is Michigan's Kent, Ottawa and Muskegon counties. The Grand Angels are members of the Angel Capital Alliance, an organization nurtured by the Ewing Marion Kauffman Foundation in Kansas City, Missouri, which continues to provide national leadership for the movement. For additional information, please contact Charles C. Stoddard (616-546-4559).
(Last checked 06/08/14)

Grand Valley State University
Michigan Small Business and Technology Development Center
http://www.misbtdc.org/
The Seidman School of Business at Grand Valley State University is the home of the State Headquarters for the Michigan Small Business & Technology Development Center network. This state center supports 12 regional offices and over 60 satellite offices, each providing counsel and training to small business owners and entrepreneurs throughout the 83 counties in Michigan.
The second web link provides information on small business financing options.
(Last checked 06/08/14)

Grants.gov : Current Federal Funding Opportunities for Business and Commerce
http://grants.gov/search/search.do?mode=CATSEARCH&fundActivity=BC
(Last checked 06/08/14)

Grants.gov : Current Federal Funding Opportunities for Employment and Labor
http://grants.gov/search/search.do?mode=CATSEARCH&fundActivity=ELT
(Last checked 06/08/14)

Great Lakes Angels (Rochester)
http://www.glangels.org/
The Mission of the Great Lakes angels organization is to organize and mentor angels and provide a forum for them to grow in knowledge and wealth and foster more of the same - to help invest in entrepreneurial companies in the region.
(Last checked 06/08/14)

Grow Michigan (Venture Fund)
http://www.GrowMiCapital.com
A collaboration of Michigan bankers, the Michigan Economic Development Corp., and the Michigan Strategic Fund, said it had completed its initial round of capitalization and was beginning to seek firms to invest in. Grow MI will provide strategic management advice and risk capital in the form of subordinated “mezzanine” debt to Michigan’s small businesses in a broad range of industries. Grow MI ‘s loans, made in conjunction with senior loans, will be in the $500,000 to $3 million range. In addition to the Michigan Strategic Fund, commercial and community banks that have invested in Grow MI’s fund are Fifth Third Bank, PNC, Huntington, The Private Bank, Crestmark Bank, Seaway Community Bank, The Bank of Holland, The Bank of Northern Michigan, and Mercantile Bank. Source : John Gallagher, "2 new sources of venture capital emerge in Michigan", Detroit Free Press, February 11, 2013.
(Last checked 06/08/14)

Idea Cafe's BizGrants
Idea Cafe's Conduit to Corporate $ Help
http://www.businessownersideacafe.com/business_grants/business_grants.html
Most grants corporations give are to non-profit community groups, rather than for-profit businesses. But check out the options and other ways big companies will help small your company.
(Last checked 06/08/14)

Idea Cafe's BizGrants
Idea Cafe's Guide to Government Grants
http://www.businessownersideacafe.com/business_grants/government_grants.html
You've got a great biz idea and all the waitresses at your favorite cafe say you can probably get a government grant to launch the biz. Logical thought, but the unfortunate reality is that the government doesn't easily give grants.
But, you say, on TV ads I hear about government grants all the time! Yes, the federal government gives grants, but they don't give money to folks just to follow a dream, start a new biz or buy out the boss. Instead, they give money to state and local agencies and nonprofit organizations and those groups use the money to accomplish the government's goals.
Get past the jargon and go direct to sources of government help -- we help you dig into the SBA, CFDA, SBIR STTR Grant Program, & many more!
(Last checked 06/08/14)

Idea Cafe's BizGrants
Idea Cafe's Innovation and Originality Grant
http://www.businessownersideacafe.com/small_business_grants/index.php
We are proud to open the new $1,000.00 Idea Cafe Innovation and Originality Grant. The grant competition is open for anyone who currently owns a business or is planning to start one. There's no fee to apply, no book to buy -- you just have to be a registered Regular at Idea Cafe. You'll submit your application online. The application deadline is November 1st, so don't procrastinate.
(Last checked 06/08/14)

Idea Cafe's Small Grants Centers
http://www.businessownersideacafe.com/business_grants/index.php
Provides information on obtaining grants from various funders, including the federal government. Idea Central also provides a few small grants.
(Last checked 06/08/14)

Inc.'s Guide On Where to Find Financing
http://www.inc.com/guides/start_biz/23039.html
Finding financing is a more complicated matter than during the dot-com years when money seemed to flow freely for any good idea that crossed the transom. Today, investors and lenders of all kinds are tightening standards, requirements, and criteria by which they judge business plans, entrepreneurs, and who gets the money. To help you in your search for funding, we've rounded up some resources that provide sweeping overview of your options, and provide some good examples on how to secure the financing your growing company needs.
(Last checked 06/08/14)

Job Training Grants from the State of Michigan, try the Michigan Electronic Grants Administration and Management System Portal (EGrAMS)
(Last checked 06/08/14)

Kickstarter : A New Way to Fund and Follow Creativity
http://www.kickstarter.com/
A funding platform for artists, scientists, and entrepreneurs. Post a description of a project you want funded, how much money you need, and a deadline. If enough people pledge the money that you need, everyone is billed. For funding goals that aren't reached, no one is charged. Since its inception in April 2009, more than 1,000 projects have been funded. Not a grant program! If anyone has used this program successfully, send a note to the web page editor.
(Last checked 06/08/14)

Lansing, Michigan Metropolitan Area Directory of Organizations Providing Assistance to Small Businesses and People Interested in Starting Small Businesses
http://staff.lib.msu.edu/harris23/grants/smallbus.htm
Need help in starting a small business?
(Last checked 06/08/14)

Locating and Getting the Money You Need to Start a Business
http://www.womanowned.com/Growing/Funding.aspx
Practical advice on start-up funding from Womanowned.com
(Last checked 06/08/14)

Michigan Economic Development Corporation
Access Capital
http://www.michiganbusiness.org/grow/access-capital/#section1
Michigan Economic Development Corporation (MEDC) works to increase the availability of capital for companies in Michigan at every stage of company development. MEDC can help connect your business with capital providers – federal grants, venture capitalists, banks, and others – as well as offer programs that can expand the reach of those capital providers.
(Last checked 06/08/14)

Michigan Economic Development Corporation
Community Development and Assistance
http://www.michiganbusiness.org/community/development-assistance
The Community Assistance Team (CATeam) was created in 2001 within the walls of the Michigan Economic Development Corporation. We are charged with being a community's first point of contact within state government. The CATeam is dedicated to helping Michigan communities; large and small, urban and rural. Our mission is to strengthen communities by ensuring access to economic development services and programs that cultivate sustainable projects that will build a strong foundation for the future of Michigan.
(Last checked 06/08/14)

Michigan Economic Development Corporation
Community Development Guide
http://www.themedc.org/Products-Services/Community-Assistance/Community-Guide/Default.aspx
The Community Guide has been developed primarily as a reference tool for Michigan's communities. It is a free, in-depth resource for local officials and community developers and primarily identifies current community and economic development tools available within Michigan. It includes:
(1) Brownfield Redevelopment Authority (PA 381)
(2) Brownfield Tax Incentives
(3) Business Improvement District / Principal Shopping District / Business Improvement Zone (PA 120)
(4) Commercial Rehabilitation Act (PA 210)
(5) Community Development Block Grant (CDBG)
(6) Conditional Land Use Transfer (PA 425)
(7) Corridor Improvement Authority (PA 280)
(8) Downtown Development Authority (PA 197)
(9) Historic Neighborhood Tax Increment Financing Authority (PA 530)
(10) Local Development Financing Authority (PA 281)
(11) Neighborhood Enterprise Zone (PA 197)
(12) Neighborhood Improvement Authority (PA 61)
(13) Obsolete Property Rehabilitation Act (PA 146)
(14) Personal Property Tax Relief in Distressed Communities (PA 328)
(15) Redevelopment Liquor Licenses (PA 501)
(16) Water Resource Improvement Authority (PA 94)
(Last checked 06/08/14)

Michigan Economic Development Corporation
Give Your Business the Upper Hand
http://www.michiganadvantage.org/default.aspx?banner=gov
Welcome to the Michigan Advantage, where you'll discover all the advantages of doing business in Michigan: innovative economic development tools, high-skilled workforce, world-class universities, beautiful communities and a 21st century infrastructure. Follow the links to information about venture capital funding, angel networks, and the 21st Century Investment Fund.
(Last checked 06/08/14)

Michigan Economic Development Corporation
Michigan Business Investment Capital Locator
http://www.michiganbusiness.org/capital-locator/
se the MEDC capital locator tool to find and connect with capital providers that are active in Michigan and have interest in your company’s stage and sector.
(Last checked 06/08/14)

Michigan Economic Development Foundation
http://www.growmichigan.com/
Certified, founded in 1981, is a non profit company dedicated to assisting businesses in obtaining financing. We are happy to finance businesses anywhere in the state of Michigan. We have dedicated staff and a host of volunteers that make the SBA 504 Loan an excellent option for financing capital assets. EDF has three loan committees to review proposals for financing. The Kalamazoo and Grand Traverse Loan Committees were formed in 2004 and have a regional focus. The third loan committee is located in Grand Rapids, has been operating since EDF's inception and covers the entire state in its scope.
(Last checked 06/08/14)

Michigan Growth Capital Partners II, L.P. (Venture Fund)
http://www.investmichiganfund.com
Two international investment firms, Beringea and the Credit Suisse Customized Fund Investment Group, have launched Michigan Growth Capital Partners II, L.P. The $180 million fund will provide growth equity to Michigan companies in growth-oriented field led by “talented managers” at or near profitability. Firms seeking capital may be active in a variety of fields including advanced materials and manufacturing, health care and life sciences, media and communications, specialized consumer goods, homeland security, information technology, and clean tech. An earlier Michigan fund by the same partners launched in 2008 has invested in 28 companies employing more than 5,000 workers in the state, the firms said. Source : John Gallagher, "2 new sources of venture capital emerge in Michigan", Detroit Free Press, February 11, 2013.
(Last checked 06/08/14)

Michigan Renaissance Zones
http://ref.michigan.org/medc/services/sitedevelopment/renzone/index.asp
Small business owners who locate a business in these areas will benefit from a virtually tax free status. Check out the interactive map to explore over 150 geographic areas in Michigan that are designated as renaissance zones.
(Last checked 06/08/14)

Michigan Small Business Financing Options
http://www.gvsu.edu/misbtdc/index.cfm?id=7C199242-C66D-096A-EECA474498B3424B
This web page, sponsored by the Grand Valley State University, Michigan Small Business and Technology Development Center, outlines various financing options for small business and compares the advantages and risks of each.
(Last checked 06/08/14)

Michigan TeleWork Loan Fund
http://www.michiganloanfunds.org
United Cerebral Palsy of Michigan has received a federal grant to help increase employment opportunities for people with disabilities. Michigan residents with disabilities, who will work from home for an employer or who want to start or expand their own home-based business are eligible to apply for a low-interest loan up to $20,000. For more information, contact: Michele Seybert, Loan Fund Marketing Coordinator, United Cerebral Palsy of Michigan, 4970 Northwind Dr., Ste. 102, East Lansing, MI 48823; Email : seybert@ucpmichigan.org; Telephone : (517) 203-1200 voice and TDD; (800) 828-2714 toll free; Fax : (517) 203-1203.
(Last checked 06/08/14)

Michigan Venture Capital Association
http://www.michiganvca.org/resources/
In addition to listing Michigan capital firms, the MVCA lists regional and national firms with an interest in Michigan, corporate venture capital firms, angel investor organizations, entrepreneur organizations, and public policy and economic development organizations.
(Last checked 06/08/14)

Michigan Women's Foundation Angel Microloan Fund
http://www.michipreneur.com/apply-now-michigan-womens-foundation-angelmicro-loan-fund/
A little bit of funding can go a long way in moving your business forward....There are several ways you can approach funding, including crowdfunding, micro loans or grants, and seeking seed investment. (See: recent crowdfunding law in Michigan)....The Michigan Women’s Foundation Angel Micro Loan Fund program is now accepting applications on a rolling basis for female entrepreneurs and small business owners. This program provides loans from $2,500 – $34,000 for up to three years....You must show that you are beyond the idea stage, have put in some personal financing yourself (bootstrappin’), and attend one of their upcoming orientations. It’s a great program if you’re a female entrepreneur in need of financing....For more information check out their website, or email Kim Cross at kcross@miwf.org
(Last checked 06/08/14)

Minorityfinance.com
http://www.minorityfinance.com/
Provides investment information for minorities and women. Also provides information for minority and women-owned businesses seeking capital. The site is sponsored by Creative Investment Research, Inc., an investment research and management company.
(Last checked 06/08/14)

Money for a Small Business
http://usgovinfo.about.com/library/weekly/blsba.htm
Think SBA loans, not grants. The About.Com web page also provides additional advice.
(Last checked 06/08/14)

Money Tree Report
http://www.pwcmoneytree.com/moneytree/index.jsp
The MoneyTree Report is a quarterly study of venture capital investment activity in the United States. As a collaboration between PricewaterhouseCoopers and the National Venture Capital Association based upon data from Thomson Financial, it is the only industry-endorsed research of its kind. The MoneyTree Report is the definitive source of information on emerging companies that receive financing and the venture capital firms that provide it. The study is a staple of the financial community, entrepreneurs, government policymakers and the business press worldwide.
(Last checked 06/08/14)

My Own Business: A Free Internet Course on Starting a Business
http://www.myownbusiness.org/
This 12-session course is intended for both start-up and already operating businesses. The site is fully interactive with video clips, quizzes, feedback, and a tool to create your own business plan. Session 9 focuses on how to finance your business.
(Last checked 06/08/14)

The Myth of Free Government Money: A Perennial and Pernicious Scam
http://www.businessweek.com/smallbiz/0001/sa000111.htm
Why do so many entrepreneurs believe in the Tooth Fairy? Advice from Business Week online.
(Last checked 06/08/14)

National Venture Capital Association
http://www.nvca.org/
The National Venture Capital Association (NVCA) is the trade association that represents the venture capital industry. It is a member-based organization. Its membership consists of venture capital firms and organizations who manage pools of risk equity capital designated to be invested in young, emerging companies. Currently, the NVCA represents 400+ member firms, representing the majority of venture capital invested in U.S. based companies.
(Last checked 06/08/14)

“Other People’s Money”
http://www.nuwireinvestor.com/articles/other-peoples-money-51113.aspx
A guide to the concept of leveraging OPM (or, “other people’s money”). Advice from NuWire Investor, July 1, 2007.
(Last checked 06/08/14)

Proquest Entrepreneurship
http://er.lib.msu.edu/item.cfm?item=050423
Members of the MSU community and other subscribers may want to check out this database. Click on the browse tab, then funding sources, and explore (1) debt financing (including articles on bank loans, bootstrapping, family friends, microfinance, and SBA guaranteed loans) and (2) Equity funding (including articles on angel investors, private equity, seed money, venture capital, and going public).
(Last checked 06/08/14)

Rural Information Center
Small Farm Funding Resources
http://www.nal.usda.gov/ric/ricpubs/small_farm_funding.htm
(Last checked 06/08/14)

Rural Information Center
Starting a Small Business
http://www.nal.usda.gov/ric/ricpubs/small_business.htm
(Last checked 06/08/14)

SBA Loans: Easier Said Than Done; Preparation can ease the SBA small business loan process
http://www.nuwireinvestor.com/articles/sba-loans-easier-said-than-done-51457.aspx
U.S. Small Business Association (SBA) loans can be a great opportunity for entrepreneurs to finance small businesses. However, these loans may prove more difficult to get than many applicants think. Borrowers planning to apply for SBA loans should plan in advance for the potential hurdles that lie in store. Advice from NuWire Investor, March 3, 2008.
(Last checked 06/08/14)

SCORE, Counselors to America's Small Business
http://www.score.org/index.html
A national association that can give you a personal business coach to help you with every step of your business. SCORE has offices in each state and 24/7 online advisors.
(Last checked 06/08/14)

Seed Angel and Venture Capital
http://www.michiganadvantage.org/Seed-Angel-Venture-Capital/
Seed, Angel, and Venture Capital are equity-based sources of funding. Michigan has several investment funds that serve start-up and second stage companies as they seek to grow.
(Last checked 06/08/14)

Seneca Partners (Birmingham, MI)
http://senecapartners.com/
Seneca Partners is a venture capital fund which provides development and growth capital to healthcare service, product, device, and technology companies that have demonstrated commercial viability and are based in the Midwest or the rest of Middle America. The fund draws upon the healthcare operating, investment, and transaction experience of its principles in order to successfully navigate the intricacies of middle-market mergers, acquisitions, divestitures and other strategic transactions. The fund is also able to draw on its strategic investor base of healthcare executives and entrepreneurs to ensure the long-term success of its partner companies. For additional information on the fund, please contact Rajesh U. Kothari (248.723.6650 x107).
(Last checked 06/08/14)

Small Business Administration
Financial Assistance Programs
http://www.sba.gov/services/index.html
The U.S. government does not currently provide grants for starting or expanding a small business. However, the government does offer plenty of free help in planning how to start or improve your business and in securing low-interest SBA-backed small business loans.
(Last checked 06/08/14)

Small Business Administration
Office of Women's Business Entrepreneurship
http://www.sba.gov/aboutsba/sbaprograms/onlinewbc/index.html
The journey into the world of finance can be interesting and exciting with the right knowledge and experience. Whether you are a new business setting up your records and bank accounts or an established business preparing a loan request or financing plan, the Finance Center has training and information to assist you. Written for businesses like you by SBA's Women's Business Centers across the country, the Finance Center helps you travel the road to success. Ready to accelerate your learning? Then read on for easy-to-use, practical advice prepared by experienced business counselors and instructors.
(Last checked 06/08/14)

Small Business Administration
Sign Up for Free Newsletters
http://web.sba.gov/list/
The SBA is now offering e-mail newsletters to keep you up-to-date on financial opportunities and related information.
(Last checked 06/08/14)

Small Business Administration
Small Business Investment Companies (SBIC) Program
http://www.sba.gov/aboutsba/sbaprograms/inv/index.html
SBICs are public-private partnerships contributing to an environment where America’s entrepreneurs can flourish – generating millions of jobs, billions of dollars in economic prosperity, and countless improvements to our health, safety, and way of life.
(Last checked 06/08/14)

Special American Business Internship Training Program (SABIT)
http://www.mac.doc.gov/sabit
A technical assistance initiative of the International Trade Administration of the U.S. Department of Commerce, SABIT offers organizations competitive grants and an opportunity to host industry-specific delegations. SABIT serves as an initial entry point for U.S. businesses seeking funding to establish long-term relationships with potential customers, distributors, or partners in the former Soviet Union. The program trains Eurasian managers and scientists in commonly accepted business practices as a means of facilitating cross border relationships. In turn, these personal relationships serve as a basis for business development and reduce market access barriers for U.S. businesses.
(Last checked 06/08/14)

Small Business Resource Collection
http://er.lib.msu.edu/item.cfm?item=050879
This database available through MeL provided a list of articles on venture capital and how to finance your business.
(Last checked 06/08/14)

Start Garden : Grand Rapids Michigan Investment Fund
http://startgarden.com/
Provides $5000 for promising business ideas. Depending on progress made in developing idea into a business, additional money will be provided -- $20,000, $100,000, $500,000.
(Last checked 06/08/14)

State Economic Development and Funding Resources
http://www.jan.wvu.edu/entre/sedfr.htm
These listings represent a variety of state resources related to economic development, funding assistance, and growing a small or home-based business. It is worthwhile to spend some time on the website(s) for your state. Many have regional funding programs listed as well as links to resources related to business development at the local, state, and national levels.
(Last checked 06/08/14)

State Small Business Grants
http://usgovinfo.about.com/library/weekly/blstategrants.htm
About.com provides a list of contact agencies in each state.
(Last checked 06/08/14)

Survey of Economic Development Programs In Michigan, 2nd edition, 2007
http://www.crcmich.org/EDSurvey/toc.html
Courtesy of the Citizens Research Council of Michigan.
(Last checked 06/08/14)

TGap Ventures ( Kalamazoo, MI)
http://www.tgapventures.com/
TGap Ventures, LLC is a venture capital firm headquartered in Kalamazoo, Michigan. TGap Ventures focuses primarily on early-stage investments throughout the Midwest, concentrating on medical devices, software, specialty manufacturing, Internet, telecommunications, health-care and other high growth companies. The firm's managing partners and been involved in over 75 growth companies since 1979 and have served as lead investor, CEO or senior executive with many of their investments. TGap works closely with its portfolio companies on systems development, senior management recruiting, new customer contacts, strategic partnerships and additional financings. The current objective of TGap is to invest in approximately 20 growth companies over the next several years and then to work with the companies' management to build and develop the companies over a five to seven year period. Please contact Peter W. Farner (269.217.1999) or Jack K. Ahrens (269.760.4570) for more information about the fund.
(Last checked 06/08/14)

United States Hispanic Chamber of Commerce (USHCC)
http://www.ushcc.com/
Providing financial awards and assistance is one of the ways in which the US Hispanic Chamber of Commerce supports Latino businesses. The Anna Maria Arias Memorial Business Fund provides financial awards (ranging from $1000 to $5,000) to outstanding Latina business owners throughout the United States. Application forms are linked from the USHCC site.
(Last checked 06/08/14)

Venture Capital For Women and Minorities
http://www.minorityfinance.com/vc.html
Ahhh, Venture Capital, the quaint and entirely American notion that if you send some stranger a business plan, they will send you a million dollars. We wouldn't bet on it if you are a minority-owned company.
And don't laugh too hard, sisters. According to one source, "women-owned businesses receive less than 4% of venture capital money."
Advice from MinorityFinace.com
(Last checked 06/08/14)

VentureWorthy.com
Grant Information for Small Businesses
http://www.ventureworthy.com/small-business-grant.asp
(Last checked 06/08/14)

VetBizCentral.Com
http://www.vetbizcentral.com/
Michigan veterans who want to start their own small business or enhance an existing business can get assistance from the Michigan Veterans Resources Center. The Center serves veterans, Guard and Reserve Members, active duty military and veterans widows and widowers throughout Michigan and the Midwest. The Center is one of four such centers in the country. Its services include workshops on financing and forming a business, classes on writing an effective business plan, marketing and accounting; mentoring, counseling, partnering with Procurement Technical Assistance Centers across Michigan to assist Veterans, including Disabled Veteran Owned businesses, to access both federal and state contracts; advocacy on veterans issues and networking.
(Last checked 06/08/14)

Wells Fargo Bank
http://www.wellsfargo.com/
Wells Fargo Bank has loaned $2.25 billion to women small business owners since the inception of its $10 billion Women's Loan Program two years ago. It's provided over a billion in loans to women in just the last year alone. In 1995, Wells Fargo Bank partnered with the NAWBO, (The National Association of Women Business Owners to earmark 1 billion for laons for women to women business owners over a three year period. The loans for women range from $5,000 up to $100,000. They have a variable interest rate and say no collateral is required under the program. The women must have a good credit rating for both personal and business. They must also have a profitable business.
(Last checked 06/08/14)

Where Can I Find Information on Funding to Start a Business?
http://foundationcenter.org/getstarted/faqs/html/business.html
A frequently asked question answered by the Foundation Center.
(Last checked 06/08/14)

WomensNet.Biz
http://www.womensnet.net/
Pulls together a lot of information about funding for women.
(Last checked 06/08/14)


Books

The books mentioned on this page are available for public use in the Michigan State University Libraries. If you are unable to visit our library, consider visiting a Foundation Center Cooperating Collection in your home state or a local public library in your home town. If the books are not available there, ask about interlibrary loan or visit a local bookstore to find out whether they can be purchased.

ANGEL CAPITAL : HOW TO RAISE EARLY-STAGE PRIVATE EQUITY FINANCING. Gerald Benjamin, Joel Margulis. Hoboken, N.J. : Wiley, c2005. 373pp. Gast Business Library HG4751 .B458 2005
If you're an entrepreneur or own a small, fast-growing businesses, Angel Capital provides a complete toolkit for raising capital in today's challenging economic landscape. The authors, who manage the largest angel network in the U.S., offer real-world advice on how to find investors and take control of the private placement process. Using revolutionary typology and unmatched proprietary research, they explain all stages of raising capital, from valuation to negotiation to due diligence. In addition, you'll find a comprehensive directory of alternative capital resources, based on research of over 2,000 organizations, and a legal appendix that serves as a short course in exempt offerings and provides the skills needed to have success with any early-stage business venture or investment.

ANGEL INVESTING: MATCHING STARTUP FUNDS WITH STARTUP COMPANIES : THE GUIDE FOR ENTREPRENEURES, INDIVIDUAL INVESTORS, AND VENTURE CAPITALISTS. Mark Van Osnabrugge and Robert J. Robinson. San Francisco : Jossey-Bass, c2000. 422pp. Gast Business Library HG4027.6 .V36 2000
According to Robert J. Robinson and Mark van Osnabrugge, so-called business angels--those generally unheralded private investors who usually specialize in high-growth fields and often involve themselves directly in the endeavors they fund--now provide 30 to 40 times more financing each year than their more famous counterparts, venture capitalists. In Angel Investing, Robinson and Van Osnabrugge use personal interviews, anecdotal evidence, and more than 300 research studies to show exactly who these financiers are, how they operate, and where they can be found. Robinson, an international management consultant, and Van Osnabrugge, an associate professor at Harvard Business School, also compare various financing options, explain precisely how angels and venture capitalists function differently, describe proven ways to attract them, and provide relevant resources. "The vast size and power of the business angel market in the United States is not well understood but is of incredible importance to our entrepreneurial sector and, indirectly, to maintaining our economic growth and standard of living," the authors write. They pack their book accordingly with valuable information for serious fund-seekers who have exhausted the traditional three F's (founder, family, and friends), as well as those who are considering entrepreneurial investments of their own.

ATTRACTING INVESTORS : A MARKETING APPROACH TO FINDING FUNDS FOR YOUR BUSINESS. Philip Kotler, Hermawan Kartajaya, S. David Young. Hoboken, N.J. : John Wiley & Sons, c2004. 246pp. Gast Business Library HG4751 .K68 2004
How can businesses do a better job of attracting capital? The answer: "Marketing!" Marketing expert Philip Kotler teams up with a renowned marketing consultant and an INSEAD professor for this practical, marketing-based approach to raising capital from investors. Based on the premise that entrepreneurs and business owners often don't understand what investors want and how they make their decisions, Attracting Investors offers a larger view of the factors involved, and guides both startup and veteran firms in effectively raising capital.

THE BOOTSTRAPPER'S BIBLE: HOW TO START AND BUILD A BUSINESS WITH A GREAT IDEA AND (ALMOST) NO MONEY. Seth Godin. Chicago, IL : Upstart Publishing, c1998. 280pp. Gast Business Library HD62.5 .G632 1998
Author Seth Godin, a successful bootstrapper in his own right, tells in fascinating detail his own story of how he built a multi-million-dollar business with almost nothing. Godin also shares the inspirational stories of dozens of others companies (from Dell Computer to Eddie Bauer) to encourage budding bootstrappers to parlay a great idea into a profitable business.

BOOTSTRAPPER'S SUCCESS SECRETS: 151 TACTICS FOR BUILDING YOUR BUSINESS ON A SHOESTRING BUDGET. Kimberly Stansell. Franklin Lakes, NJ : Career Press, 1997. 255pp. E-book
Book on small business finance recommended by the Lowe Foundation.
Note: you can browse through the book free of charge.

CROWDFUNDING: A GUIDE TO RAISING CAPITAL ON THE INTERNET. Bloomberg Financial Series. 272pp. on order : Do you have an idea for a project or business but aren’t sure how to get funding? Or maybe you’ve tried talking to donors and have failed to secure the capital you need. In the same way that social media has changed how we allocate time, crowdfunding will change how we allocate capital. As part of the Bloomberg Financial Series, Crowdfunding: A Guide to Raising Capital on the Internet explains the history and practices of crowdfunding from the perspective of experts. The book gives modern entrepreneurs a solution to long-standing funding challenges, and helps aspiring business owners and non-profit entities pool smaller sources of capital to successfully bring their ideas to life....Beginning with an in-depth look at the history of crowdfunding, the book then moves into a detailed discussion of business funding processes and current market dynamics. It teaches readers how to prepare a successful crowdfunding campaign, how to understand the different investor options, and how to communicate well with investors once contact is made. It also provides a full explanation of legal and compliance issues and dives deep into current rules and regulations, including global jurisdiction as it impacts local laws. Crowdfunding is the only resource you need for creating a crowdfunding campaign that works – from understanding your options, to planning and strategy, to selecting an optimal deal portal. Gone are the days when the only options to raise funds for a new business were venture capitalists, angel investors, or Wall Street. With crowdfunding, any entrepreneur, financier, or non-profit professional can raise funds for their enterprise using smart networking and modern technology.

THE CROWDFUNDING BIBLE : HOW TO RAISE MONEY FOR ANY STARTUP, VIDEO GAME, OR PROJECT. Scott Steinberg. TechSavvy, 2012. 80 pp.
Provides a detailed overview of guiding business principles and case studies that can be utilized to create a successful crowdfunding campaign. While the majority of examples come from the video games and interactive entertainment industry, they’re also applicable to periodicals, books, film, television, and fashion, as well as special events and community projects.

DIRECTORY OF U.S. MICROENTERPRISE PROGRAMS. Margaret Clark, Tracy Huston, and Barbara Meister, eds. Washington, D.C. : Self-Employment Learning Project : Aspen Institute, 1994. 324pp. Funding Center (1 East) HD8037 .U5 D57
Defines microenterprise as sole proprietorship, partnership or family business that has fewer than five employees, does not generally have access to the commercial banking sector, and can initially utilize a loan of under $15,000. This publication profiles agencies that give loans, training or technical assistance directly to entrepreneurs or to intermediary agencies.

THE DIRECTORY OF VENTURE CAPITAL & PRIVATE EQUITY FIRMS, DOMESTIC & INTERNATIONAL Millerton, NY : Grey House Publishing. 18th edition. GAST Business Library HG4751 .F582 ed.18 2014 Standing order

FINANCING YOUR BUSINESS : GET A GRIP ON FINDING THE MONEY
Bellingham, WA ; North Vancouver, B.C. : International Self-Counsel Press, 2005. 142pp. Funding Center (1 East) HG4027.7 .M633 2005
Financing Your Business shows you, in an easy to understand manner, how to raise money for your small business. This book is designed for people who are just starting a business and for people who want to expand an existing business and need more money to make it happen. There are thousands of great business ideas out there, but if you don’t have the resources on hand, it can be tough to get a business running successfully and financially survive the first few years. It’s even harder to expand an existing business if all your money is tied up in it.

FINANCING YOUR BUSINESS MADE EASY / Entrepreneur Press, Ralph Alterowitz, and Jon Zonderman. [Irvine, CA] : Entrepreneur Press, c2007. 241pp. Gast Business Library HG4027.6 .A48 2007
Financing Your Business Made Easy offers myriad ideas to get financing. The authors discuss the benefits and pitfalls of borrowing from family and friends, with tips on how to keep business relationships separate from personal ones. Dozens of government loan sources are explained in detail. Drawing on their insider knowledge of venture capital firms and angel investors, the authors reveal how to maximize your chances of success. Plus, they provide innovative financing ideas, such as borrowing from suppliers and customers, taking advantage of credit cards, and raising money from employees.

FINANCING YOUR BUSINESS WITH VENTURE CAPITAL : STRATEGIES TO GROW YOUR ENTERPRISE WITH OUTSIDE INVESTORS. Frederick D. Lipman. Rocklin, CA : Prima, 1998. 368pp. Gast Business Library HG4751 .L56 1998
One of the most pressing needs of growing businesses is capital. Bank loans are hard to come by and are also risky. That's why many entrepreneurs look for equity infusion, or venture capital, to help them grow their business. Written by Frederick D. Lipman, one of the most respected attorneys specializing in growing businesses, Financing Your Business with Venture Capital is an indispensable guide for entrepreneurs.

FINANCING YOUR SMALL BUSINESS. Robert W. Walter. Hauppauge, NY : Barron's, c2004. 236pp. Gast Business Library HG4027.7 .W357 2004
This new addition to the Business Library series describes advantageous methods for attracting venture capital, dealing with bank loan investment officers, initiating public offerings of stock shares, and much more. Titles in the Business Library series speak to men and women who are starting a company or managing an ongoing small-to-medium-size business. Emphasis is on carrying out daily operations and solving problems.

FINDING MONEY FOR YOUR SMALL BUSINESS : THE ONE-STOP GUIDE TO RAISING ALL THE MONEY YOU WILL NEED. Chicago, IL : Dearborn Publishing Group, 1994. 202pp. Funding Center (1 East) HG4027.7 .F34 1994
Basic guide includes information on planning, financing, Small Business Administration (SBA) programs, and writing a loan proposal. Appendices include SBA forms and field office locations.

FINDING MONEY : THE SMALL BUSINESS GUIDE TO FINANCING. Kate Lister and Thom Harnish. New York, N.Y. : John Wiley & Sons, Inc., 1995. 246pp. Business Library HG4027.7 .L58 1995
Provides tips from insiders on finding sources of financing, locating investors, evaluating your loan request, and more! Funding sources covered include private investors and venture capital funds, banks and finance companies, leasing companies, SBA loans and other government programs, and many more.

FINDING YOUR WINGS : HOW TO LOCATE PRIVATE INVESTORS TO FUND YOUR VENTURE. Gerald A. Benjamin and Joel Margulis. New York : John Wiley, c1996. 266pp. Gast Business Library HG4521 .B434 1996
Capital. It is the single most important ingredient to getting your venture of the ground. But finding it can be a challenge—particularly if you're running out of funding options. Suppose your venture is too small for institutional players. What do you do once you've exhausted your personal financial resources? Where do you go after the banks, the leasing companies, the venture capital firms? What you need is an "angel"—a private investor with high net worth. In Finding Your Wings—the only book of its kind—Gerald A. Benjamin and Joel Margulis provide you with a roadmap to guide you to your private angel.

FREE MONEY AND HELP FOR WOMEN ENTREPRENEURS. Matthew Lesko. Kensington, Md. : Information USA, 2000. 987pp. Funding Center (1 East) HG4027.7 .L47 2000
Every year over 500,000 women start their own business. Two out of every three new businesses are started by women, and women are more successful than men. Women have a 75% chance of success in business ownership. That's why the federal, state and local governments offer thousands of programs that give out more than $300 Billion to women to start or expand their own home and small business.

FROM CONCEPT TO WALL STREET : A COMPLETE GUIDE TO ENTREPRENEURSHIP AND VENTURE CAPITAL. Oren Fuerst, Uri Geiger. Upper Saddle River, NJ : Financial Times Prentice Hall, c2003. 328pp. Gast Business Library HG4751 .F847 2003
From Concept to Wall Street is the definitive guide to the new realities of venture capital. Two leading experts in venture-backed entrepreneurship offer start-to-finish coverage of the entire process: planning, teambuilding, protecting intellectual property, identifying and negotiating funding, and managing to - and through - IPOs or M+As. Drawing on immense personal experience - and the lessons of recent years - Dr. Oren Fuerst and Dr. Uri Geiger offer a complete roadmap for entrepreneurs, investors, and advisors in every VC-funded industry.

GETTING THE MONEY YOU NEED: PRACTICAL SOLUTIONS FOR FINANCING YOUR SMALL BUSINESS. Gibson Heath. Chicago : Irwin Professional Pub., c1995. 227PP. Gast Business Library HG4027.7 .H422 1995
Ideal for large companies, veteran small business owners, and individuals working out of their homes, Getting the Money You Need has the answer to all the readers' funding questions. While no one can guarantee that a firm will get a small business loan, the odds are greatly improved by knowing the correct steps and establishing timely, realistic goals. Getting the Money You Need provides practical solutions and sound advice for finding the money necessary to turn a small business from an idea into reality. Clear, concise, and easy-to-read, this book details a wide variety of programs to suit any specific funding and ongoing financial needs. From government to grassroots programs, Heath offers a solid review of traditional resources as well as an update on the newest funding alternative. Specific topics include: Both state and federally sponsored lending programs; Microenterprise lending programs; Developing community loan funds; Financing through banks; Venture capital, initial public offerings, and other options.

GOVERNMENT GIVEAWAYS FOR ENTREPRENEURS (computer file). Orem, Ut. : Infobusiness, 1995. 1 laser optical disc with instructions manual. Software CD-ROM Collection, 4th floor, West, HC79 .P63 G6 1995

GOVERNMENT GIVEAWAYS FOR ENTREPRENEURS II. Matthew Lesko. Kensington, Md. :Information USA, 1994. 4th edition, 642pp. Funding Center (1 East) HC79 .P63 L47 1994

HOW TO GET A SMALL BUSINESS LOAN : A BANKER SHOWS YOU EXACTLY WHAT TO DO TO GET A LOAN. Bryan E. Milling. Naperville, Ill. : Sourcebooks, c1998. 2nd edition, 161pp. E-book
"This book gives easy to understand explanations and rationales behind some of the confusing things banks ask their borrowers to do. It gives simple examples and descriptions that help me interpret the process to my customers. Even after many years of lending money to companies, I find myself reaching for it to remind me of little details I have forgotten. It is well-written and very useful."
Note: you can browse through the book free of charge.

HOW TO GET FINANCING FOR YOUR NEW SMALL BUSINESS : INNOVATIVE SOLUTIONS FROM THE EXPERTS WHO DO IT EVERY DAY. Sharon Fullen. Ocala, Fla. : Atlantic Pub. Group, c2006. 311pp. Gast Business Library HG4027.7 .F85 2006
While poor management is cited most frequently as the reason small businesses fail, inadequate or ill-timed financing is a close second. Whether you're starting a business or expanding one, sufficient, ready capital is essential. 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 angles, IPOs, limited public offerings, and venture capital. Numerous real-world examples are given for structuring a deal to benefit both the financier and the entrepreneur. Essential resources for finding the detailed information you need are included throughout.

HOW TO RAISE CAPITAL : TECHNIQUES AND STRATEGIES FOR FINANCING AND VALUING YOUR SMALL BUSINESS. Jeffry A. Timmons, Stephen Spinelli, and Andrew Zacharakis. New York : McGraw-Hill, c2005. 245pp. Gast Business Library HG4027.7 .T55 2005
Fewer than 40 percent of entrepreneurs seeking new business funding each year actually get that funding. How to Raise Capital improves those odds, providing prospective as well as current business owners with the knowledge they need to prepare an effective loan proposal, locate a suitable investor, negotiate and close the deal, and more. The all-star team of entrepreneurial experts behind How to Raise Capital gives readers top-level educational theory with hands-on, real-world knowledge. This thorough examination of the inner workings of the venture capital industry explores: (1) Resources available to entrepreneurs, from SBA loans to angel investors; (2) Proven strategies for identifying and approaching equity sources;, and (3) Characteristics of a "superdeal"--from the investor's perspective

THE PRI INDEX: 500 RECENT FOUNDATION CHARITABLE LOANS AND INVESTMENTS. Crystal Mandler, Loren Renz, and Rikard R. Treiber, eds. New York, N.Y.: Foundation Center, 1997. 1997 edition, 70pp. Funding Center (1 East) HV89 .P75 1997
Lists 509 recent program-related investments of at least $10,000 made by 126 foundations between 1993 and 1995. Each listing includes funder name and state; recipient name; city, and state (or country); PRI amount; and year of authorization or payment. The introduction provides information about researching PRIs, an explanation of terms, and suggestions about how to successfully navigate the PRI process from start to finish. Indexes cover foundation location, subject and types of support, recipient name and recipient location.

PUBLIC VENTURE CAPITAL: SOURCES OF GOVERNMENT FUNDING FOR TECHNOLOGY ENTREPRENEURS. Henry Etzkowitz. New York: Panel Publishers, 2001. 2nd ed., 420pp. Funding Center (1 East) HG4027.6 .E88 2001; cd-rom available in Digital & Multimedia Center.
Public Venture Capital is an invaluable resource you will use again and again when seeking an inside track to government dollars. Relatively few entrepreneurs are aware that government funds from programs with acronyms like SBIR, ATP, Dual Use, ManTech, DARPA, and Act II can provide both initial and later-stage venture capital for their companies. Moreover, public venture capital programs do not require equity in exchange. Funding is available to technology start-ups and innovative firms through a variety of government programs. The purpose of this book is to familiarize you with the concept of public venture capital and to illustrate how to use the above-mentioned programs to fund technology endeavors. Public Venture Capital brings together information and resources on programs that make funds available to technology entrepreneurs and innovative firms on a competitve basis. Whether your interest is in a specific project or technology idea or you are looking for more general information regarding public venture capital, this book will be specifically helpful to you.

RAISING MONEY IN LESS THAN THIRTY DAYS: A GUIDE FOR INDIVIDUALS AND ORGANIZATIONS. Susan Wright. New York, N.Y. : Carol Publishing Group, 1993. 106pp. Funding Center (1 East) HG 177 .W75 1993
Describes the process of raising money for individuals and small businesses. Includes sections on loans, Small Business Administration financing, venture capital, creating a business plan, grant proposals, program-related investments, working with nonprofits, and federal agency funding.

RAISING VENTURE CAPITAL. Rupert Pearce and Simon Barnes. Chichester, West Sussex, England ; Hoboken, NJ : John Wiley, c2006. 242pp. Gast Business Library HG4751 .P43 2006
Offering a deep insight into the venture capital deal-making process, Raising Venture Capital also provides valuable introduction to the subject. The book is practical in focus but based on sound academic theory, research and teaching materials gathered over the last 4 years at Tanaka Business School. Part one covers the history of the venture capital industry, shows why entrepreneurs need venture capital finance, and looks at how venture capitals raise and structure their funds. It also covers valuation methods for venture capital investments, and portfolio management. Part two illustrates how successful entrepreneurs raise finance from venture capitals, and gives details on how to approach venture capitals, how to choose the right venture capital firm, and how venture capitals and entrepreneurs work together after the deal is done. Part three gives a blow-by-blow account of the structure of a venture capital deal.

THE SBA LOAN BOOK: HOW TO GET A SMALL BUSINESS LOAN, EVEN WITH POOR CREDIT, WEAK COLLATERAL, AND NO EXPERIENCE. Charles H. Green. Holbrook, Massachusetts: Adams Media Corporation, 1999. 218pp. Funding Center (1 East) HG4027.7 .G74 1999
Answers questions such as how to increase your odds of getting a loan, how to land a loan even with no experience, weak collateral, and poor credit, what your options are for sba-guaranteed loans, how to fill out a loan application, how to present yourself to lenders, how you can close your loan fast, how to appeal a lender's denial, and how to approach a loan request if you have been in bankruptcy.

SBA LOANS : A STEP-BY-STEP GUIDE. Patrick O'Hara. New York, N.Y. : Wiley, 1998. 3rd edition, 340pp. Business Library Oversize Collection HG4027.7 .O43 1998
Discusses the various ways the SBA can assist you in starting a small business or even if you already own one. Describes how to prepare a SBA loan request for a new or established business. Includes numerous easy to follow sample forms and examples.

SMALL BUSINESS AND MICRO BUSINESS LENDING IN THE UNITED STATES [electronic resource]. [Washington, DC] : SBA, Office of Advocacy, 2003- Government Documents Library SBA1.52: online resource

SMALL BUSINESS FINANCIAL RESOURCE GUIDE. Herndon, Va. : Braddock Communications, Inc., 2000. 6th edition, 185pp. Funding Center (1 East) HG4027.7 .S633 ed. 6 2000
A comprehensive listing of available funding sources from both the government and private sector. Note: Library keeps latest edition only.

THE SMALL BUSINESS MONEY GUIDE : HOW TO GET IT, USE IT, KEEP IT / Terri Lonier, Lisa M. Aldisert. New York : Wiley, c1999. 204pp. Gast Business Library HG4027.7 .L66 1999 : It not only takes money to start a business; it also takes money to stay in business. And borrowing from the bank isn't the only way to go. There are all sorts of financing sources out there — from finance companies to "angels" and from leasing to strategic alliances — you just have to know where to look. Small business experts Terri Lonier and Lisa Aldisert provide the essential tools and techniques you need to find and grow your money masterfully. Combining basic money issues with a strong dose of common sense, the authors take you step-by-step through any and all financial situations, and help you position your company for the future.

START-UP MONEY: HOW TO FINANCE YOUR NEW SMALL BUSINESS. Mike P. McKeever. Berkeley, CA : Nolo Press, c1984. 201pp. Gast Business Library Oversize Collection HG4027.7 .M4 1984

SUCCESSFUL PROPOSAL STRATEGIES FOR SMALL BUSINESSES : WINNING GOVERNMENT, PRIVATE SECTOR, AND INTERNATIONAL CONTRACTS. Robert S. Frey. Boston, Mass. : Artech House, c1999. 2nd ed. 472pp. plus CD in DMC. Funding Center (1 East) HG177.5.U6 F74 1999
[Proposal writing for grants -- United States]
[Small business -- United States -- Finance]

WHERE TO GO WHEN THE BANK SAYS NO : ALTERNATIVES FOR FINANCING YOUR BUSINESS. David R. Evanson. Princeton, NJ : Bloomberg Press, 1998. 280pp. Gast Business Library HG4027.6 .E89 1998
With corporate mergers continuing unabated and with more and more downsizing, the opportunities clearly lie in launching a new concept, product, or company. But where do we get the start-up monies? Not from banks or other debt-financing schemes, asserts writer-consultant Evanson. The right approaches are angels, IPOs, alternatives to IPOs, and venture capital. And not only does he outline the viewpoints of these lenders, but he also prepares borrowers well for the reality: contacting and selling, valuing a business, and writing a plan. Even numbers-proficient pros will find the explanations easy reading, with charts, lists, and a writing style that ranges from perky to humorous. Lots of true "how we did it" pepper the narrative; lots of lists help analyze pros and cons of different avenues and different presentations. A private equity capital directory, a listing of universities with leading entrepreneurship programs, and an overview of securities laws influencing private and exempt transactions are appended.

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