Business Funding Options
The ability to secure enough cash to launch and grow a venture is critical to its survival. In addition to that, while the launch of a new venture is one of the most challenging endeavours a business professional can undertake, the financing of a new venture can be harder.
Entrepreneurs claim that securing capital for a business in its early stages is as difficult a challenge as getting a business to succeed. Banks and venture capitalists are no longer lending. Even the bailed out US banks are not lending. The apparent reason is the political and public pressure mounted on them. Analysts have argued that the banks should be loaning money to help stimulate the economy.
Corporate bodies need credit to expand and hire and consumers need credit to buy products and help grow the economy. The steep increase in defaults and non-performing loans are evidences that the economy will make it hard for banks to simultaneously set aside reserves and lend more money out. Small businesses will consider retrenching workers before they start missing loan payments, and the unemployed will find it hard to pay off their credit cards and car loan payments. Everywhere in the world, banks and venture capitalists are badly shaken. Who knows when they will be back on their feet?
How can business owners, developers and commercial property owners/operators map viable strategies for raising equity for their firm and their firm’s projects in today’s market? Fortunately, there are several ways in which to fund the launch and growth of a business. In addition to the most basic approach to funding a business, an entrepreneur may secure capital from a variety of sources such as personal resources, other founders and managers, friends and families, strategic partnerships, debt financing, and equity capital.
Out of the options mentioned above, equity capital is becoming an ever more attractive option. The Australian Small Scale Offerings Board (ASSOB) is a safe business funding mechanism for SMEs.
ASSOB is Australia’s largest capital raising platform for growing, unlisted companies with over $120M raised helping to ensure that corporate bodies have longevity, while they are shielded from harsh funding situations. Investors can choose which company they want to invest in on the platform of ASSOB. There are over 50 growing Australian companies that these investors can invest in. Companies listed on ASSOB meet initial and ongoing compliance requirements.
Companies listed on ASSOB can potentially raise between $250K and $5M equity capital from investors to finance growth through a simple, proven, rapid and affordable process. Some companies have been able to raise up to $5m across three rounds. It does not matter what sector your business is, it can get listed on ASSOB and start getting funds.
You can go here for a glimpse of some success stories. Apart from raising funds for corporate bodies, ASSOB also offers thoughtful insights into the economic climate and various investment opportunities.
If Equity Capital looks like an option for your business then why not give us a call on 1300 065 282 for an informal chat with SalesMonkey about how we help facilitate the ASSOB process.