16.2.15
Advantage in New Orleans: capital for the Underdogs
2:27 PM
Finding a venture capital fund is easy. The problem is getting your business plan approved. Venture capitalists can opt to invest on established companies but most of them don't mind providing seed capital. They are actually willing to take the risk that bank loans and standard capital markets won't.
This may be a good option for aspiring entrepreneurs and companies who need extra capital to get their business afloat. There is a firm in New Orleans that is willing to support big and small businesses.
Dealing with outside investors may seem like a risk too for some companies. It's common sense that these people will not just stand by the sidelines while they watch you spend their money. The downside of having a venture capitalist on board is that they have a say in the company's decisions and have a share of it equity.
Take the advantage?
Advantage Capital Partners is one of the companies who offer venture capital funds to companies in New Orleans. They don't just focus on positive returns for the investor but also offer their services to companies who have a significant impact on the community. They are a firm that consists of groups of venture capital partnerships. They are focused on funding companies that bring economic development.
The company started in 1992. They have provided investment funds to business in states and communities that were ignored or rejected by traditional venture capitalists. The company focuses in that companies that uses innovative technology on their products and services. This includes companies that are in the information technology, communication, energy and life science sectors.
This firm is suitable for companies that are usually located in states that are not business hubs like New York. They cater private equity to small businesses, real estate development and offer private and public partnerships.
The firm is focused on investing companies in states that are usually overlooked by traditional private equity firms and bring in cash flow to the community. This can be an opportunity for small businesses that have been snubbed by traditional financial firms.
If you have a small or medium sized business that is engaged in basic manufacturing, retail, restaurants, medical products, health services and marine transportation, you can approach them for capital.
Although this presents a big opportunity to any entrepreneur, they must not forget to read the fine print first. The firm has requirements that must be attained before investing their money. Interested entrepreneurs can look up their website for information. There they could the requirements they need to have before being approved of any loans.
The firm also provides their client's access to their people. Businesses will also receive assistance from competent managers that offer advice and guidance for the growth of your company.
Traditional venture capitalists tend to invest in established companies or start up companies located in business driven communities. This leaves out small and medium sized business clinging to bank loans. Unfortunately bank loans are not willing to take risky investments.
If you are a small or medium sized business that has been ignored by private equity firms because they think your location will not bring in great returns, Advantage may be your option. Make sure to read all clause, terms and conditions. In the end of the day a loan is still a loan.