How is Hiring a Consulting Service Going to Secure My New Business Financing?

You have a million dollar idea for a small business, enough motivation and drive to launch an effective marketing and advertising campaign, and logistic channels established to get your product or service to the masses.  Now the only thing missing is the funding to get your new company up and running through new business financing. If unsuccessful attempts to acquire a traditional bank loan have left you stranded, where do you go?  How do you get the funding for your new venture?

Today many people are turning to private consulting services to assist them with such things as reviewing and filing incorporation paperwork, completing the IRS Form SS-4 - Application for Employer Identification Number.  Utilizing such a service can save business owner hours of headaches trying to ensure everything is done properly.  There are currently a handful of companies in the U.S. and Canada that offer services such as these.  One should be careful and do the research to ensure any company is legitimate and doesn’t have any negative listings with the Better Business Bureau and its local Chamber of Commerce.

There are a few private agencies that also solve the problem of locating and helping an entrepreneur actually secure new business financing.  Since angel investors, private lenders and equity firms usually don’t advertise for the general public, utilizing the help of a consulting service that is directly affiliated with private investors can solve the problem of locating private financing.  All services will require a fee of some kind, either upfront, or at the time of closing of the loan.  Be sure any fees makes sense and fit your company’s financial plan and budget before agreeing to any program. For help with questions about your small business or new business financing, please contact us.