New Business Funding Assistance 2017-09-20T16:40:25+00:00

NOT ONLY HAVE CONFIDENCE WHEN YOU GO TO INVESTORS, BUT ALSO GIVE THE INVESTORS THE CONFIDENCE THEY NEED IN YOU AND YOUR BUSINESS

YouTube Financial Introduction

YouTube Financial Introduction

WE CAN HELP YOU DISCOVER EXACTLY WHAT YOU NEED TO OBTAIN THE FUNDS TO START OR GROW YOUR BUSINESS AND BUILD A HEALTHY FOUNDATION FOR YOUR COMPANY, WHILE REDUCING THE STRESS OF DEVELOPING A BUSINESS PLAN BY DOING IT FOR YOU.

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Have you been reluctant to seek small business lending for any of the following reasons?

  • You’ve been in business less than 2 years

  • You’re credit rating is less than perfect

  • Banks are asking you to come up with 25% or more in cash but you have less

  • You’re struggling to put together the required business plan or financial projections

  • You’ve been denied for traditional bank lending

  • You just don’t know where to start

When it comes to the Small Business Lending Industry, getting denied is easy… simply go to the lender unprepared with little knowledge of what it takes to get approved. And Voila! You’ve got your loan denial letter. Even when you think you know what lenders want, getting a business loan approved may not be so straight forward. As a result, gaining loan approval can be complicated and frustrating.

You know you have a great business idea, but those with the money to get you started don’t recognize the potential of your company at your word. Even more discouraging is the lenders generally won’t take the time to sit down with you to talk you through the step-by-step process of gaining their approval.

This can make getting the funding you need to get started seem not only difficult, but impossible at times.

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Gaining the confidence of lenders isn’t always so straightforward

Let us help you improve your odds of obtaining a loan
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Purpose of Investor-Ready Business Plans

Investors typically won’t even consider providing funding to you if you don’t have a solid business plan. Whether you’re applying for traditional bank lending, gap lending, grants, angel investors, or other funding opportunities, having a solid business plan can be the difference between a “yes” or a “no.” Your business plan has the potential to open doors that would not be otherwise available.

When it comes to investors, one of the most important aspects of the business plan are the financial projections. Yes, your idea is important and all the other details that go into the business plan. However, let’s really look at the word “investor.” According to the Cambridge dictionary, investor means “a person or group of people that puts its money into a business or other organization in order to make a profit.” Your financial projections give them an idea of if your business is going to be profitable to them. Keep in mind, profitable isn’t always about how much money your company will make for the investor, but it could be. Depending on the type of funding you seek, the profits can be in supporting a community, job development, or some other element that supports the missions of a speciality group.

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WE KNOW HOW TO ATTRACT SMALL BUSINESS INVESTORS

5 Cs of Lending

Our 5-Step process begins with a Investor-Ready Audit. We’ll look at how  prepared you are to go for funding and help you determine your next steps for gaining the capital you need to get your business off to the right start. In your 1-hour Bank-Ready Audit, you’ll also receive valuable tips to assist you in improving your financial position.

Your investor-ready audit will give you the knowledge you need to present yourself in the best possible light when you approach investors.

Business Infographics

This stage is one of the most crucial stages in the business planning process. Your business plan is a representation of your business idea and vision. It’s important to us that we get to know you and your business. That’s why we work closely with you and your team to capture the elements that make your company unique. We’ll review your current documents and ask the right questions for each segment of your business plan.

Our information sessions are convienetly conducted over a series of phone calls or Skype interviews, so you can participate from the comfort of your office or home.

Research Infographics

During this phase, we take the information we’ve gathered from you and your team and supplement it with heavy research. We’ll research your industry, target market,  competition, and alert you to potential regulatory concerns we uncover. After our thorough examination of our findings, we’ll provide any recommendations that might enhance the success of your business.

Having a background in information system, we know the importance of good data. After all, garbage in = garbage out (GIGO). The business plan we develop for you will be thorough, accurate, and reliable.

Business Plan Writing

You will always know the status of your business plan, because in this stage, you’re involved every step of the way. We take all the information gathered and research completed and begin drafting your plan. As we complete each segment, we submit it to you for review. While you review, we work on the next segment. This process allows us to always be moving forward with little to no down time.

By constantly staying in communication and collaborating, you know the final draft of your business plan will be exactly what you want.

Time for Feedback Clock

The final stage of development is the review of your completed business plan. Over the next 30 days, we’ll make unlimited revisions until you’re 100% satisfied with your business plan. We start by providing you a copy of your draft business plan to examine. Then we schedule an appointment to discuss and fine tune your business plan, as well as answer any questions you may have.

Not only will you walk away with a investor-ready business plan, but you’ll also leave with a roadmap for success.

The importance of a SOLID Business Plan

If you’ve ever gone on a road trip to an unfamiliar destination, you know how important navigation is. You likely use a map, GPS, voice navigation, a buddy who’s familiar with the location, or some other method. The point is, you probably have guidance to reach your destination. When it comes to your company, your business plan is like a roadmap. Your vision for your company is the destination. Trying to build a successful company without a vision or business plan is equivalent to starting a long journey to some place grand but not knowing what that place is our how to get there. Basically, it amounts to crossing your fingers and hoping you happen upon an amazing place by coincidence. That serendipity will grace your and your business.

Here’s the flip side. Companies with business plans are twice as likely to succeed. Considering the challenges of starting, running, and growing a profitable business, you want to have a business plan that’ll double your chances of developing a healthy business. Doesn’t the time, effort, money, and resources you put into your company deserve a return on investment? Well, you increase your odds with a business plan.

The Right Tools For The Right Solution. Every Time.

PURCHASE YOUR SOLUTION

EVERY PACKAGE INCLUDES BONUS SERVICES

Investor-Ready Audit

  • Explore your current financial position
  • Provide tips on obtaining funding
  • Identify next steps

Pre-Banking Session

  • Ask the tough questions
  • Provide tips
  • Answer your banking questions

Post-Bank Follow Up

  • Discuss your bank visit and next steps
  • Make recommended changes to your written plan
  • Cover best practices

BONUSES VALUED AT $248

30-DAY, NO-HASSLE, MONEY-BACK GUARANTEE

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Choose the option that’s right for your business

Business Plan
Review

If you already have your business plan written, allow us to save you some money. We’ll throughly review your business plan. Our reviews include a markup of your document and recommendations to increase your chances of obtaining funding.

Coached Business
Plan

If you’re the Do-It-Yourself Entrepreneur, this is the plan for you. Over the course of 6 sessions, we’ll coach you through the process of developing your investor-ready business plan. Best of all, this comes with a business plan review.

Premium Business
Plan

This is a great option if you already know where you’ll apply for lending, investors, or grants. If your funders request a business plan, this is exactly what you need. We work closely with you to create your complete business plan.

Elite Business
Plan

If you’ve never run a business or don’t know where to go for funding, we highly recommend our Elite Package. Not only do we create your business plan, but we also do extensive research to find funding opportunities that are easy to miss.

We’re Here To Help Your Business Get Funded!

Work with a knowledge business advisor who can deliver what investors want to see

Business Plan Review
($767 Value)

$599Investment
  • Investor-Ready Audit
  • Pre-Bank Session
  • Post-Bank Follow Up
  • Business Plan Review
  • 30-Day Money Back Guarantee

Coached Business Plan
($1,139 value)

$899Investment
  • Investor-Ready Audit
  • Pre-Bank Session
  • Post-Bank Follow Up
  • *5-Year Financial Pro Forma
  • 30-Day Money Back Guarantee

Premier Investor-Ready Business Plan
($2,228 value)

$1,899Investment
  • Investor-Ready Audit
  • Pre-Bank Session
  • Post-Bank Follow Up
  • *5-Year Financial Pro Forma
  • 30-Day Money Back Guarantee

Elite Investor-Ready Business Plan
($3,515)

$2,999Investment
  • Investor-Ready Audit
  • Pre-Bank Session
  • Post-Bank Follow Up
  • *5-Year Financial Pro Forma
  • **Funding Research
  • ***Growth Potential Package
  • 30-Day Money Back Guarantee

*3-Year vs 5-Year Projections

You may notice that many companies offer business plans with 3-year projections. Here at Backbone America, we provide 5-year financial projections. We do this for several reason. First, no one has more invested in your business than you. It’s the bulk of your time, energy, reputation, resources, and money that’s on the line. We provide 5-year projections to help you budget, give you a bit of peace of mind, and prepare for the future of your business.

Next, investors not only appreciate 5-year projections, sometimes investors require 5-year financials. Investing in a business is a long-term strategy. Investors realize it takes time for new businesses to gain momentum and pay off debt. Therefore, it’s important to investors to see your business has the potential to survive the long haul.

Though there are other reasons for using 5- vs 3-year financial projections. This final one mentioned has to do with taxes. 5-year financial projects are practical on an IRS level. In most cases, your business will need to show profitability 3 of the last 5 years to meet the IRS guidelines that you’re running a business, not a hobby. Your 5-year projections will give you an idea of the cash flow needed to satisfy the IRS 3 out of 5 year rule.

Financial Projections

Are you great at words but rather not deal with the numbers? Financial projections are our speciality. We’ll interview you to identify the numbers we need. Then, we put together financial projections that meet bank and investor standards.

Financial Projections
($941 value)

$699Investment
  • Investor-Ready Audit
  • Pre-Bank Session
  • Post-Bank Follow Up
  • 5-Year Financial Pro Forma
  • 30-Day Money Back Guarantee

*Funding Research

If you’ve been turned down by traditional bank lending, the next step isn’t to throw in the towel. Bank lending isn’t your the option, and often times it isn’t necessarily the best option. The money is out there. The key is knowing where to find it.

That’s where we come in. We know where to look and have helped our clients infuse over $1.18 Millions in capital into their business. You could be our next success story.

We will search for funding sources (both grants and loans) at the local, city, state, and regional level. With your permission, we’ll also work with the various funding agencies to help increase your chances of approval.

This service comes with the Premium Business Plan and is Valued at $899

PURCHASE YOUR PREMIUM BUSINESS PLAN

Growth Potential Package

**GROWTH POTENTIAL PACKAGE

The growth potential package includes four reports.

  • Industry Matrix
  •  Performance Scorecard
  •  Profitability Report
  • Growth Potential Report

Individually, these reports would cost $299 or $599 for all four. It’s included in the Premium Business Plan at no extra cost.

PURCHASE YOUR GROWTH POTENTIAL PACKAGE

Industry Matrix

View annual financials, median statistics, chart ratios, and more of your industry competitors or peer group as defined by your selected demographics

Business Scorecard

Review a snapshot of your company’s financial state – liquidity, profitability, asset efficiency, and growth – compared to industry peers.

Profitability Report

Evaluate your profitability performance using a primary measure of the earning power, Return on Asset Investment, and determine how to best increase sales and/or decrease expenses

Growth Potential

Determine how fast your company can grow given your capitalization structure and financial performance compared to industry peers using revealing measures of Sustainable Growth rate and examine was to improve growth potential