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ARTICLE · 13 JANUARY 2005

What You Should Know About Financing Your Business

The process of raising capital for a business venture, whether in the start-up or growth stage, is not easy. Identifying and attracting financial partners or sources of financing, meeting funding criteria laid down by lenders, and understanding new and creative financing methods, will allow you to better estimate your project’s capital requirements in the short term and plan for sustainable growth in the long term.

CanadaFinance and Banking

By A.V. Narinesingh, CPC, APC, CC. CPCM

The process of raising capital for a business venture, whether in the start-up or growth stage, is not easy. Identifying and attracting financial partners or sources of financing, meeting funding criteria laid down by lenders, and understanding new and creative financing methods, will allow you to better estimate your project’s capital requirements in the short term and plan for sustainable growth in the long term.

Moreover, a comprehensive evaluation and due diligence phase must be carried out in order to address all the facets of the business including, legal structure, management, industry background, trends, market research, marketing strategy, financial planning and operational policies. In addition, the process would generally include and assessment of logistics, viability, potential, risks and any contingencies. The level of preparation in developing the final business plan would also be an important element.

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