Anthony Price is CEO and Founder of LootScout:
Our mission is to eliminate small-business failure by creating must-have products, which leads to 100,000 jobs with an economic impact of $1 billion. Our products help people succeed. What's your dream? Our vision is a world where failure has been disrupted and people are free to pursue whatever they want to make the world a better place. Failure is lurking for entrepreneurs, small-business owners, and everyone. But you should never fear trying something new, You must be prepare, train, build, practice, learn. You can do it. Learn more: http://bit.ly/BNTloot
These slides cover:
- The Paycheck Protection Program (PPP)
- SBA Economic Injury Disaster Assistance (EIDA) Loans
- State Programs
- Grant Opportunities
- How to Approach Investors during this uncertain time
- Investment Crowdfunding
- How to position your business beyond survival
- Futuristic tips to grow your business and serve customers
Visit BNT's website for awesome startup videos, upcoming events, opportunities and much more: https://BostonNewTechnology.com
5. Agenda
1. Federal government funds: PPP & SBA EIDL
2. State Programs/Grants
3. Investors/Crowdfunding
4. Position Your Business for Survival
5. The Future
9. SBA Economic Injury Disaster Assistance (EIDA) Loan
• Up to $2,000,000
• 3.75% interest, for-profit business
• 2.75% interest, nonprofit
• Term up to 30 years
• Choose between this product and Paycheck Protection Program (PPP)
• $10,000 emergency grant available
• Apply directly with the SBA
11. SBA Lenders - Payroll Protection Program (PPP)
• Apply April 3rd, small businesses and sole proprietorships can apply.
• Apply April 10th, independent contractors and self-employed individuals.
• Apply as quickly as you can because there is a funding cap.
• PPP authorizes up to $349 billion in forgivable loans
• Up to $10,000,000
• All loan terms will be the same for everyone.
• Loans are forgivable as long as funds are used for the following:
• Payroll costs, and most mortgage interest, rent, and utility costs over…
• the 8 week period after the loan is made
• It is anticipated that not more than 25% of the forgiven amount may…
• be for non-payroll costs.
• Loan payments will be deferred for 6 months.
• NO personal guarantee or collateral required.
• 100% guarantee by SBA
• Maturity of 2 years
21. How to approach investors during COVID-19?
1. Look for warm introduction.
3. Ask for advice get money.
5. Be patient.
4. Make sure all documents are ready in Dropbox or Google Drive.
6. Ask for referral
2. Do your homework: research investor.
31. Here are some of the capital options.
Credit Cards
Home Equity Lines of Credit
(HELOC)
401(k) Economic Development
Funds
Community Development
Financial Institutions (CDFIs)
Family & Friends
Venture Capital
& Micro VCs
Angel Investors
Business
Competitions
Crowdfunding
Banks Loans
Mezzanine
Financing
Business
Accelerators
Patreon
Grants
37. "You can only become truly accomplished at something
you love. Don’t make money your goal. Instead pursue
the things you love doing and then do them so well that
people can’t take their eyes off of you.” - Maya Angelou
39. Rule #1: Create value. When value exceed price,
customers and you will buy.
40. Invest in yourself.
Get the Loot & Run will show you how to source capital while
building an extraordinary business focused on solving problems
for customers. Anthony Price distills wisdom from years of
hard-earned experience on the front lines of advising companies.
Price is the founder and CEO of LootScout, which counsels businesses
on how to find capital, from angel investors, economic development
incentives, low-interest loans, grants and venture capital.
This book is your field manual to slay the capital dragon and free
customers from mediocre businesses. The thought-provoking
message is simple: Fix your business model and capital will flow.
Price demonstrates his command of capital in a practical manner
and weaves his love of music throughout. Each chapter has
a unique takeaway that summarizes the topic. Price covers
must-read topics such as how to . . .
SOURCE PATIENT CAPITAL
BUILD A BUSINESS TO LAST
FOCUS ON ONE THING
DELIGHT CUSTOMERS
CHANGE THE RULES AND THE GAME
Get the Loot & Run is for doers, believers and business builders.
The book’s content is customizable to your needs. The concise,
information-dense and insightful content is teeming with solutions
for fast-growing businesses. In a matter of minutes, you’ll be
ready to source capital and build the best business the world has
ever seen.
Cover design by Suzanne McKenzie
WHETHER YOU’RE A STARTUP
OR A BILLION-DOLLAR BUSINESS,
RUN
ANTHONY PRICE
F O U N D E R & C E O O F L O O T S C O U T
FIND MONEY FOR YOUR BUSINESS
RUNANTHONYPRICEGETTHELOOTAND
U.S. $35.00
BUSINESS & ECONOMICS – ENTREPRENEURSHIP