Business Finance Solutions - 512-990-8756 http://bfs-usa.com Creating cash flow for businesses Mon, 25 May 2015 16:18:35 +0000 en-US hourly 1 Creating cash flow for businesses Business Finance Solutions - 512-990-8756 clean Creating cash flow for businesses Business Finance Solutions - 512-990-8756 http://bfs-usa.com/wp-content/plugins/powerpress/rss_default.jpg http://bfs-usa.com Unconventional Financing Options http://bfs-usa.com/unconventional-financing-options/ http://bfs-usa.com/unconventional-financing-options/#comments Mon, 25 May 2015 16:15:38 +0000 http://bfs-usa.com/?p=1418 Unconventional Financing brings owners new options – The speed at which unconventional financing methods has changed over the last year is staggering. Just five years ago, most business owners’ only financing source was their local bank. Today, there are many new and unconventional financing sources...

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Unconventional Financing brings owners new options – The speed at which unconventional financing methods has changed over the last year is staggering. Just five years ago, most business owners’ only financing source was their local bank. Today, there are many new and unconventional financing sources to fund start-up and small businesses. At this month Meetup our speaker will be Sam Thacker, and we will explore the rapidly changing financing landscape and the many new options for growth capital.

Sam Thacker - BankerSam Thacker, President of Business Finance Solutions, has 20 years in the commercial banking. For most of his career, he specialized in finding small to mid-cap sized businesses financing solutions that best fit the needs of his clients’ business plans. Today, he has many new unconventional financing options as well as traditional funding sources to help his clients.

In this presentation, he will discuss who the winners and losers are in our ever changing world of small business financing. Sam will share his experience with many of the financing tools and talk about how his clients used these to grow their business. Most importantly, Sam will explain when to use each type of unconventional financing and when to seek more traditional funding sources.

Innovative Financing

Earlier this month Sam presented this topic at the Innovation Week hosted by People Fund. His presentation drew some of the events largest crowds. Sam’s entertaining presentation style and knowledge impressed the audience. We expect he will also entertain and educate our Meetup group this month.

Unconventional Financing

So, what are some of the unconventional financing options available to fund your business growth? This month we’ll explore some of these examples:

  • Conventional bank loans – Many small business owners are frustrated that conventional bank loans aren’t materializing. Underwriting for commercial lending continues to change and many small to mid-cap sized businesses are being turned away for conventional bank loans. We’ll discuss when conventional bank loans are a good fit for your business. We’ll also discuss how to manage conventional bank loans for optimal business funding. The discussion will also include when it would be better to seek an unconventional financing solutions before seeking a conventional bank loan.
  • Crowd funding – This much talked about financing tool is not just for start-ups any more. Many established companies are using crowd funding to expand new product lines or expand into new market. Learn how to evaluate crowd funding options and when this financing vehicle makes sense for your business.
  • Unsecured commercial business loans – Most entrepreneurs have used unsecured commercial business loans, credit cards and similar tools to infuse fast cash into their businesses. However, these easy money solutions have a high cost and some risks. We will discuss when to use these for cash influx and more importantly, how to manage the cash and the risk involved.
  • Credit unions – Local credit unions have traditionally focused their lending to home owners for remodeling projects and car loans. Today, credit unions have become much stronger financially. With this stronger asset base, they have also become more aggressive in seeking small business clients and lending on commercial projects. We’ll discuss what credit unions look for in commercial loans and if your business would be a good candidate for a small business loan through a credit union.

 

Why attend this seminar on unconventional financing

You have hear it before, ‘knowledge is power”. This is so true for small business owners. Knowing and understanding your financing options is critical to the success of your business. Finding trusted advisors to guide you through these decisions is also important. Join us to hear Sam insight in the field of small business financing.

If you are contemplating equity, debt, or unconventional financing for your business during the next year, come out and learn about how the landscape has changed and who the winners and losers are!

FREE MEETUP (Lunch is on your own)
Thursday, May 28, 2015 – 11:30a-1:00p
Sherlock’s Baker Street Pub
9012 Research Blvd, Austin, TX 78758

RSVP: http://www.meetup.com/Austin-Small-Business-Gorilla-Operations-and-Finance-Jungle/events/222529573/

The Austin Small Business Gorilla Operations and Gorilla Finance group has been meeting for almost six years. Many of our members are original to the group, and each week we welcome newcomers. Our goal is to provide business owners with free business education that they can immediate use in the operations of their businesses. In exchange we learn from great local experts and build a strong business network for our members.

Be sure to actually “join” our Meetup, by registering on the site and completing your profile. Each month you will receive an email notice announcing the topic for the month. Stop by for those meetings that interest you and let us know if you have any suggestions on topics or speakers. It’s free to join.

Register today!


Francoise Luca, Chief Marketing Officer, Business Finance Solutions, is co-organizer of the Austin Small Business Operations and Gorilla Finance Group.

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Eagle Ford Shale Exploration to Completion http://bfs-usa.com/oil-well-life-cycle-exploration-to-completion-eagle-ford-shale/ http://bfs-usa.com/oil-well-life-cycle-exploration-to-completion-eagle-ford-shale/#comments Tue, 28 Apr 2015 05:51:51 +0000 http://bfs-usa.com/?p=626 From exploration to completion Video (1 minute 47 second) This short video shows a time lapse depiction of the process of a typical Eagle Ford Shale well. Texas oil and gas exploration crews are greatly reducing the time it takes to get a well drilled,...

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From exploration to completion Video (1 minute 47 second)

This short video shows a time lapse depiction of the process of a typical Eagle Ford Shale well.

Texas oil and gas exploration crews are greatly reducing the time it takes to get a well drilled, fracked, and ready for production. Given the thousands of wells set to be drilled and only a finite number of crews and resources available, speed means money. According to a recent article in Fuel Fix, an industry resource, “Eagle Ford Shale production will jump 50 percent this year, hitting an average 844,000 barrels per day.”

In mid 2013, Karnes, Dewit, and Gonzales counties of Texas are the epicenter of the Eagle Ford Shale exploration business where $20 billion is being spent on exploration and completion activities.

The Eagle Ford Shale play covers 30 counties in South and South Central Texas

 

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Internet of Things: A trillion dollar opportunity http://bfs-usa.com/internet-of-things-a-trillion-dollar-opportunity/ http://bfs-usa.com/internet-of-things-a-trillion-dollar-opportunity/#comments Tue, 14 Apr 2015 21:05:07 +0000 http://bfs-usa.com/?p=1385 The once NASA technology to monitor your heart in real time is now available to your doctor. Your car can send you “health reports” and text reminders to change the oil. Your home alarm system can be activated or deactivate via your cell phone. This is...

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Michael HathawayThe once NASA technology to monitor your heart in real time is now available to your doctor. Your car can send you “health reports” and text reminders to change the oil. Your home alarm system can be activated or deactivate via your cell phone. This is the world of the “Internet of Things” and with it comes vast new business opportunities for entrepreneurs.

The Internet of Things (IoT) is a scenario in which “things” (and people) are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction. IoT has evolved from the convergence of wireless technologies, micro-electromechanical systems (MEMS) and the Internet.

Devices connected to equipment, vehicles, people, and animals have the potential to decrease the cost of doing business while providing instantaneous data and improved service delivery. Smart devices from televisions to coffee pots can respond or react to commands or changing environmental conditions. Adaptability and making quick decisions with real-time data is what it is all about to improve business efficiency, customer experience and satisfaction.

The April Austin Small Biz Operations & Gorilla Finance Group Meetup will have an expert presenter who is going to spend one hour helping you understand the changes in our world that will come because of the Internet of things and the trillion dollar opportunity that comes with this new trend.

Our Speaker: Michael Hathaway, IoT Expert

Our speaker for April is Michael Hathaway. He has 27 years of executive and engineering expertise in the semiconductor, communications, consumer electronics and energy industries.

Michael has has aurthored six patents and has help held executive positions at IronBridge Networks (Founder, CTO), Agere (Acquired by Lucent Micro Electronics), Austin Ventures (Venture Partner), and Tiga Energy Services (CEO).

Mr. Hathaway is currently CTO and Founder of Information Xchange, Inc, an Internet-Of-Things platform company which focuses on commercial and industrial markets.

Who should attend The Internet of Things: A trillion dollar opportunity

All our Austin Small Biz Operations & Gorilla Finance Group members are invited to attend, as well as anyone interested in manufacturing, electronics, artificial intelligence, and customer experience architecture.  Anyone with first hand experience with IoT devices or looking to explore new solutions using IoT should attend.  We plan on having time for audience questions and answers and general participation. Bring your friends, associates and clients, too.

FREE MEETUP (Lunch is on your own)

Thursday, April 23, 2015  – 11:30a-1:00p
Sherlock’s Baker Street Pub
9012 Research Blvd, Austin, TX 78758

RSVP: http://www.meetup.com/Austin-Small-Business-Gorilla-Operations-and-Finance-Jungle/events/221728889/

The Austin Small Business Gorilla Operations and Finance group has been meeting for over five years.  Many of our members are original to the group, and each week we welcome newcomers. Our goal is to provide business owners with free business education that they can immediate use in the operations of their businesses.  In exchange we learn from great local experts and build a strong business network for our members.  Be sure to actually join our Meetup by registering on the site and completing your profile.  Each month you will receive an email notice announcing the topic for the month.  Stop by for those meeting that interest you and let us know if you have any suggestions on topics or speakers.  It’s free to join.

Register today!

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Lower Middle Market Companies-Access to Capital Easier in 2015-Q1 http://bfs-usa.com/lower-middle-market-companies-access-to-capital-easier-in-2015-q1-easier-in-2015-q1/ http://bfs-usa.com/lower-middle-market-companies-access-to-capital-easier-in-2015-q1-easier-in-2015-q1/#comments Sun, 29 Mar 2015 23:05:10 +0000 http://bfs-usa.com/?p=1340 Lower middle market companies (annual revenues $5 million to $100 million) had greater access to debt and equity capital in the first quarter of 2015 than in any quarter since the Pepperdine Private Capital Access Index began being reported in the late summer of 2012....

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Lower middle market companies (annual revenues $5 million to $100 million) had greater access to debt and equity capital in the first quarter of 2015 than in any quarter since the Pepperdine Private Capital Access Index began being reported in the late summer of 2012.

Lower Middle Market Financing Challenges-Early 2015

Though debt and equity financing options looked good for the lower middle market in early 2015, it is important to understand the significant difference in resources for a company at the low end of the lower middle market than the high end. Companies in the high end of the lower middle market have dramatically more experience and access to experts when raising capital than those with annual revenues of $5 million to $50 million.

Lower middle market companies need a team of trusted advisers whether they are in-house or consultants from outside the business.

Lower middle market companies need a team of trusted advisers whether they are in-house or consultants from outside the business.

Those lower middle market companies with revenues between $5 million and $50 million are often seeking equity and debt financing for the first time and often need trusted advisors to guide them in their new financing process. Many business owners in this size bracket don’t realize the best solution is a combination of debt, “debt like” and equity capital.

Companies graduating into the lower middle market often don’t know what kind of financing is available.

Often overlooked financing methods for the lower middle market include:

Although the access to capital for small lower middle market companies is more plentiful today, the process of finding, negotiating, and securing debt and equity capital can be challenging.

The Pepperdine study shows the reported difficulty of the debt and equity capital process – 2015 Q1

Most lower middle market companies found it difficult to access both debt and equity capital in 2015 Q1.

Most lower middle market companies found it difficult to access both debt and equity capital in 2015 Q1.

Lower middle market companies can be surprised with financing challenges

  • Time required to complete debt and equity financing
  • What kind of terms are negotiable
  • How to position the company for future financing
  • The amount of specialization that is available in financing
  • How a new financing source is going to monitor its loan or investment

Sometimes it is difficult to manage one’s business and chase financing.

As a company grows, lenders and equity sources require more due diligence

Lower middle market business owners who have been through the rigors of obtaining debt and especially equity financing will have an easier time than the management team of a company that has grown into the lower middle market organically. Companies new to the process often use a consultant.

Why Business Finance Solutions may be the best team to help you grow

  • We have experience using multiple forms of financing in lower middle market companies
  • We have experience financing many types of B2B businesses
  • We understands how debt and equity capital sources do their due diligence
  • We think like lenders and investors and can guide you through the process with less stress
  • We have assisted a number of companies grow from $0 revenues to $20+ million in 5 years
  • We have originated many medium to large asset-based lines of credit
  • We focus on your company needs

We have what it takes to help many small lower middle market companies grow profitably.

Business Finance Solutions Team can help take your lower middle market company to new heights

Business Finance Solutions’ Team can help take your lower middle market company to new heights

Our Team

Our greatest strength is helping small lower middle market ($5 million to $50 million) use several forms of financing including senior debt, subordinated debt, mezzanine debt, and institutional equity.

Please call us today at 512-990-8756 if you would like to discuss how our team may help yours!

 

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How to write winning proposals without the stress http://bfs-usa.com/how-to-write-winning-proposals-without-the-stress/ http://bfs-usa.com/how-to-write-winning-proposals-without-the-stress/#comments Sat, 21 Mar 2015 23:14:12 +0000 http://bfs-usa.com/?p=1317 The post How to write winning proposals without the stress appeared first on Business Finance Solutions - 512-990-8756.

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Reuben SwartzWriting proposals is an important part of your sales process.  Finding simple hacks on how to write winning proposals and reduce stress on your organization is easier than you think.

Writing proposals causes a lot of stress for many entrepreneurs and business owners. Just the task of organizing your materials and pricing before sitting down to the writing process becomes stressful and can takes a lot of work and time. Then there is more aggravation when this investment of valuable energy does not pay off with a contract.  Business owners often second guessing themselves at how to structure the proposal, what to include, how to format the proposal, and how to price their services.

Lose all the stress and learn how to write winning proposals that will result in new business.  Join us this month to hear from an expert proposal writer and entrepreneur, Reuben Swartz.

Reuben will help us cut through the all the techno-speak and online advice on how to write winning proposals and share with us practical tips on how to create proposals, can close sales faster and more profitably.

 

Meet-up Topics:

  •  How to write winning proposals that get accepted faster (and more often)
  •  Increase your deal size and profitability
  •  Stand out from the competition
  •  Grow your business faster with better proposals
  •  Reduce the sales stress related to proposal creation
  •  Your Q & A

 

Reuben Swartz, Founder, Mimiran

Reuben Swartz is the founder of Mimiran Online Proposals, which helps small businesses create and close proposals faster and more prof-itably. His background is in sales consulting, including helping Fortune 50 companies and startups. He presents papers, talks, and workshops for the Professional Pricing Society, and has been quoted in Inc and BusinessWeek. He earned a BSE in computer science from Princeton University.

Invite an entrepreneur and reserve your seats today for “How to write winning proposals without the stress”

Meeting Information

When:   Thursday, March 26, 2015   from  11:30 AM to 1:00 PM

Where:  Sherlock’s Baker Street Pub

9012 Research Blvd, Austin TX 78758

512-380-9443

Meeting room on the right

FREE MEETUP.  (Lunch is on your own.)

RSVP: http://www.meetup.com/Austin-Small-Business-Gorilla-Operations-and-Finance-Jungle/events/221152927/

The Austin Small Business Gorilla Operations and Finance group has been meeting for over five years.  Many of our members are original to the group, and each week we welcome newcomers. Our goal is to provide business owners with free business education that they can immediate use in the operations of their businesses.  In exchange we learn from great local experts and build a strong business network for our members.  Be sure to actually join our Meetup by registering on the site and completing your profile.  Each month you will receive an email notice announcing the topic for the month.  Stop by for those meeting that interest you and let us know if you have any suggestions on topics or speakers.  It’s free to join.

Register today!

 

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Valuing your business: Are you leaving money on the table? http://bfs-usa.com/valuing-business-leaving-money-table/ http://bfs-usa.com/valuing-business-leaving-money-table/#comments Tue, 20 Jan 2015 02:59:51 +0000 http://bfs-usa.com/?p=1235 There are many reasons to know the value of your business. Especially, if you expect this new year to bring major changes in your business or personal lives. For example if you are planning on retiring this year and selling your business? Or if you...

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There are many reasons to know the value of your business. Especially, if you expect this new year to bring major changes in your business or personal lives.

For example if you are planning on retiring this year and selling your business? Or if you are looking to attract investors? Or is there an estate or divorce issue in your future. Then knowing what your business is worth is important. Many business owners have unrealistic expectations of the value of their business. Yet, understanding how to measure value and what creates value in your business is an important planning tool.

Start the year out right, by getting the facts you need to plan the next steps in your business life. Cycle.
Join us for a discussion on how to value your business:

  • How to know the value of your business—and why?
  • How to know the value of your start-up business
  • How to improve the value of your business

 

Scott Ables, Precision CFO Solutions

Scott Ables

 

SCOTT ABLES, CPA, CVA

EXPERIENCED CFO AND BUSINESS VALUATION EXPERT
Scott Abels is a CPA and Certified Valuation Analyst (CVA) with 27 years of experience as Controller, CFO, and Financial Executive. His business experience ranges from startup to Fortune 100.
He owns Precision CFO Solutions, Inc., an Austin-based firm that provides Fractional CFO consulting and Business Valuation services to Central Texas companies. He serves as an expert witness in business valuation for divorce, litigation and estate tax matters.

Join us for a casual an information discussion on how to value your business. Invite an entrepreneur and reserve your seats today.

 

Meetup Group Information

When:

Thursday, Jan. 22, 2015
11:30 AM to 1:00 PM

Where:
Sherlock’s Baker Street Pub
9012 Research Blvd,
Austin TX 78758
512-380-9443
Meeting room on the right

RSVP:
To learn more about this event or RSVP for this FREE event go to the Austin Small Business Gorilla Operations and Finance Jungle
Join our Meetup to receive monthly presentation notices.

Austin Small Biz Operations & Gorilla Finance Group

Each month, we bring business owners interesting and educational presentations by experts in the fields of accounting, law, sales and marketing.  Sam Thacker, owner of Business Finance Solutions started this Meetup Group to give back to the business community, and to provide a safe place for business owners to learn and share information on finance, operations, human resources, and sales and marketing. We meet the fourth Thursday of the month for one hour at lunch time.  Our meetings start promptly at noon and end by 1:00 p.m. so attendees can return promptly to their work places.

Free to join.

 

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Full-recourse Invoice Factoring http://bfs-usa.com/full-recourse-invoice-factoring/ http://bfs-usa.com/full-recourse-invoice-factoring/#comments Wed, 24 Dec 2014 16:24:39 +0000 http://bfs-usa.com/?p=1199 There are several types of invoice factoring relationships available to businesses that sell to other businesses. Full-recourse invoice factoring is the most common type in which the borrower assumes 100% of the credit risk of the customer. It’s important to understand if your invoice factoring arrangement...

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It's important to understand if your invoice factoring arrangement is full-recourse or non-recourse.

There are several types of invoice factoring relationships available to businesses that sell to other businesses. Full-recourse invoice factoring is the most common type in which the borrower assumes 100% of the credit risk of the customer. It’s important to understand if your invoice factoring arrangement is full-recourse or non-recourse.

Full-recourse invoice factoring most common invoice factoring arrangement

When a business owner is evaluating potential invoice factoring relationships, one of the choices they must make is they should decide whether they need a full-recourse factoring relationship or a non-recourse invoice factoring relationship.

In a full-recourse invoice factoring relationship, the borrower business assumes 100% of the credit risk of the invoices being financed (factored). In a non-recourse invoice factoring relationship, the factoring company assumes most of the credit risk (approximately 80%) while the borrower assumes a smaller percentage (approximately 20%).

Most invoice factoring companies set up their relationships as full-recourse arrangements. There are many reasons why full-recourse invoice factoring is most common, but the biggest reason is it is less expensive for the lender to provide full-recourse invoice factoring than non-recourse invoice factoring. Full-recourse arrangements are easier to manage as the lender simply reassigns or sells back the invoice to the borrower when it becomes 90+ days past the date the invoice was factored.

Borrower assumes 100% of credit risk in full-recourse invoice factoring

Usually full-recourse factoring arrangements aren’t specifically called “full-recourse,” rather they simply leave off language calling the arrangement “non-recourse.” The philosophical assumption of invoice factoring companies that use a full-recourse arrangement is “if the borrower is not willing to guarantee the credit-worthiness, why should we?” It is a moot point if your customers are fortune 500 companies or other companies that are large and very credit-worthy. In a non-recourse invoice factoring relationship the legal documents will specify when the borrower must repurchase an “old” invoice. Usually this is 90 days from the date the invoice was sold to the factoring company. At the time the invoice ownership reverts back to the customer, the duty to collect the outstanding invoice is 100% borne by the borrower.

Soft collection practices are one reason borrowers choose full-recourse invoice factoring

Many borrowers are rightfully concerned that the factoring company they do business with will use soft collection practices with their customers. In full-recourse invoice factoring relationships this is much easier to control. The full-recourse factoring company is most likely to even leave collections up to the borrower. In non-recourse arrangements this may not be the case.

Most borrowers don’t need the features of non-recourse invoice factoring arrangements

There are a few industries where non-recourse factoring is the standard practice, but most businesses won’t benefit from having a non-recourse arrangement. Ask any prospective factoring company which arrangements they offer. Occasionally borrowers have higher costs in non-recourse invoice factoring arrangements.

There are a number of decisions you must make when choosing a factoring company and avoiding unscrupulous factors is the most important.

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3D Printing: Live Demo http://bfs-usa.com/3d-printing-live-demo/ http://bfs-usa.com/3d-printing-live-demo/#comments Sat, 08 Nov 2014 17:35:11 +0000 http://bfs-usa.com/?p=1152 3D Printing is revolutionizing the medical and manufacturing industries. From novelty items to aircraft engines to surgical instruments, manufacturers are finding 3D prototyping a lean and effective way to design, test, and fast track the development process of new products. 3D Printing for Prototypes Join...

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3D Printing is revolutionizing the medical and manufacturing industries. From novelty items to aircraft engines to surgical instruments, manufacturers are finding 3D prototyping a lean and effective way to design, test, and fast track the development process of new products.

3D Printing for Prototypes

Join us for a LIVE demonstration of 3D printing and an interactive discussion on:

  • How does 3-D printing work
  • How to make a prototype
  • How to use 3-D in your business
  • Demonstration of a 3D print project

Join us for this interesting demonstration by 3D experts Marshall Peck and Gabi Marraro. These young entrepreneurs will share some case studies of local projects and business opportunities in the fast changing world of 3D prototyping.

3D Printing of Prototype

3D Printing of Prototypes

 Marshall Peck & Gabi Marraro

Gabi and Marshall are DIY science enthusiasts turned entrepreneurs. They began exploring 3D printing over a year ago and now run a 3D printing and prototyping company in Austin, TX. Both Gabi and Marshall have been involved in the local “makers” community and are strong supporters of the open source movement. One of their favorite websites for 3D printing resources is: www.thingiverse.com

Find Gabi and Marshall on Facebook at: https://www.facebook.com/protobuilds

Invite an entrepreneur and RSVP today.

3D Printing of a prototype: Live Demo

Thursday, Nov 20, 2014, 11:30 AM

Sherlock’s Baker St. Pub
9012 Research Blvd Austin, TX

27 SMB Owners, CPAs, CFOs, COOs Went

3D Printing is revolutionizing the medical and manufacturing industries. From novelty items to engines to surgical instruments, manufacturers are finding 3D prototyping a lean and effective way to design, test, and fast track the development process of new products.Join us for a LIVE demonstration of 3D printing and:• How does 3-D printing work•…

Check out this Meetup →

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Alternatives to Venture (Vulture) Capital Financing http://bfs-usa.com/alternatives-vulture-capital-financing/ http://bfs-usa.com/alternatives-vulture-capital-financing/#comments Wed, 24 Sep 2014 05:03:13 +0000 http://bfs-usa.com/?p=1139 If you are a business owner seeking equity investment or subordinated debt loans you should know about two relatively unknown funding programs available to U.S. companies, before you seek “Vulture Capital Financing”. This month’s speaker, Sam Thacker will discuss the pros and cons of obtaining...

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Venture Capital Financing

Venture (Vulture) Capital Financing

If you are a business owner seeking equity investment or subordinated debt loans you should know about two relatively unknown funding programs available to U.S. companies, before you seek “Vulture Capital Financing”. This month’s speaker, Sam Thacker will discuss the pros and cons of obtaining growth capital from venture capital firms and Small Business Investment Companies (SBICs) and Business Development Companies (BDCs).

“Small Business Investment Company” or an SBIC is a privately owned investment company that is governed and licensed by the Small Business Administration. SBICs either make equity investments into company or make subordinated debt loans. They are regulated private funds that must follow a specific set of rules set forth by the SBA. SBIC’s have been around for over 50 years, and were designed to channel growth capital to small businesses. There are approximately 350 SBICs in the United States and which have made over $1.8 billion in capital commitments. SBIC funding may be an option for companies are looking for start-up capital, growth capital, or mezzanine capital.

Another relatively unknown funding source is “Business Development Companies” or BDCs. These are private companies that have been created to help start ups and initial stage companies grow. They were created by Congress in 1980, but few business owners have ever heard of them. BDCs are very similar to venture capital funds; however they are regulated investment companies like SBICs. All of them are publicly traded companies that are listed on the NYSE, AMEX and Nasdaq. A major difference between a BDC and a venture capital fund is that BDCs allow smaller, non-accredited investors to invest in start-up companies.

On Thursday, September 25th, Sam will speak about how these two types of regulated investment companies can help small and mid-sized businesses, and how:

  • SBICs and BDCs are different than “Vulture Capital Financing”
  • To find the right SBIC or BDC?
  • SBICs fund company growth
  • To prepare for the evaluation and investment process

If your company is commercializing a product or service, or growing to the next level, this presentation will help you better understand venture capital financing and other options for growth capital.

About our speaker

Sam Thacker has been a commercial banker or consultant to SBICs since 1994. Companies that have difficult financing challenges turn to him for help. He is the co-owner of Austin based Business Finance Solutions and can be reached at 512-657-7552.

To RSVP for this special event visit: Austin Small Biz Operations & Finance Gorilla Group.

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Cash Flow Forecast – Critical for a Growing Business http://bfs-usa.com/cash-flow-forecasts-critical-growing-business/ http://bfs-usa.com/cash-flow-forecasts-critical-growing-business/#comments Wed, 18 Jun 2014 21:37:29 +0000 http://bfs-usa.com/?p=1051 Cash Flow Forecast Template – Free download We have built a 13 week rolling cash flow forecast template that you can download for free. Our cash flow forecast tool has been downloaded thousands of times and we have received rave reviews from companies who use...

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Manage your money with our free 13 week cash flow forecast tool. This easy to use template is ideal for contractors, service companies, and any fast growing, seasonal, or business to business company.

Manage your money with our free 13 week cash flow forecast tool. This easy to use template is ideal for contractors, service companies, and any fast growing, seasonal, or business to business company.

Cash Flow Forecast Template – Free download

We have built a 13 week rolling cash flow forecast template that you can download for free. Our cash flow forecast tool has been downloaded thousands of times and we have received rave reviews from companies who use it and other cash flow experts. The forecast tool is free to download, use and modify to fit your company’s situation (and you can call us with any questions).

Cash Flow Forecast Strategy

We believe you should update your cash flow forecast on a weekly basis. Our cash flow tool (download link above) is set up to forecast the weekly cash flow needed to run your business.

Other models you may find on the Internet are set up as monthly forecasts. Monthly forecasting may be great for a business plan, but not for running a fast growing business. We designed our 13 week cash flow forecast because we weren’t able to find an easy to use tool that would allow you to look at your business quarter by quarter (13 weeks at a time).

Users who use our model template have said that once they became proficient at using it, they don’t stop, even when sales plateau or they build a good amount of safety cash, they rely on our cash flow forecast to run their business.

Our cash flow forecast template is easy to use. Simply start with a list of all your cash outlays (expenses) and the week they are due. For example, payroll may come due every other week.  Enter these figures into the forecast tool to see the amount of cash required on a weekly basis. Create a list of all your projected cash inflow and enter those into the forecast tool. Each week, reconcile the incoming cash with the projections, then reconcile the outgoing cash with what actually went out. Once you have done this, you will have a very accurate picture of your cash flow situation. The most current week will have the highest degree of accuracy and the tool will help you anticipate cash shortages in time to find remedies.

What kind of business should use a cash flow forecast?

  • Any business that is outrunning their cash
  • Businesses that have experienced uneven historical financial performance
  • Fast growing businesses
  • Seasonal businesses that need more cash during busy months and have less cash in slow months
  • Businesses to business companies like oil and gas service companies, construction companies and government contractors, or others in industries with longer business cycles and payment streams

Five reasons to use a cash flow forecast

  1. Using a cash flow forecast will let you be proactive rather than reactive when managing your cash.
  2. Owners are always the last to get paid. Cash flow forecast projections will help owners better manage the draws they are able to take, and sleep at night better.
  3. Your company will be better able to take prompt payment discounts and make forward buying decisions.
  4. Lenders love to see a business that is forecasting their cash flow. It is a sign of strong management.
  5. When you consistently use a cash flow forecast you find yourself being more successful and less stressed.

 How to calculate your accounts receivable turn (days sales outstanding)

One important key performance indicator you should always know when setting up a cash flow forecast is what your accounts receivable turnover is in days. To calculate this figure, first determine what your average daily sales are. Divide the total credit sales for the previous month by 30 to determine this figure.

For example, if you had credit sales of $100,000 in the prior month, your average daily credit sales for 30 days total $3,333. If current A/R is $150,000, divide that number by $3,333. The result is 45, which is your A/R turnover in days. This is also known as days sales outstanding (DSO).

Easy cash flow forecasting anyone can do

Preparing your cash flow forecast should not be thought of as busy work. It takes a little time to learn the process. We at Business Finance Solutions have been working clients coaching them on setting up their cash flow templates, making weekly adjustments to the forecast, and making strategic decisions based on cash flow since 2007.

A great source of information on cash flow management can be found in Philip Campbell’s book, “Never Run Out of Cash, which can be purchased on Amazon.

We offer anyone who wants to use our forecast a free online live tutorial on using the forecast. If you would like ongoing assistance to learn how to make strategic decisions based on the forecast, we offer inexpensive one on one consulting.  For more information, please complete our online form, or email us at info@bfs-usa.com, or call us at: 512-990-8756.

Cash Flow Forecast Template 13 weeks – (Click here for your free download)

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