Spank the Bank: The Guide to Alternative Business Financing

How do you finance a business in a tough economy? Leave the bank out of it!

SPANK THE BANK, THE Guide to Alternative Business Financing This step-by-step guide helps startups and smaller companies locate and tap into non-bank financing. The author clearly and succinctly lays out each type of funding, how to qualify, necessary documentation, the amounts typically available and time frames to secure the money. This book gives the reader real-world examples of businesses that successfully accessed funding through various sources, including but not limited to: Factoring Purchase order financing Merchant cash advance Equipment leasing options Asset-based loans Microloans Commercial loans Peer-to-peer lending Crowdfunding IRA investing

Written by a rising star in the financial consulting world, the author is a frequent lecturer on the subject. Karlene Sinclair-Robinson has personally helped dozens of smaller companies land and fulfill both public and private contracts by showing them how to access the necessary capital to staff, operate and ultimately deliver their companies products and services. The author demystifies technical financial terms for the fledgling entrepreneur.

In times of tight credit when many businesses simply cannot successfully access funding from traditional sources, SPANK THE BANK leads the way to alternatives that can provide the edge for many new enterprises struggling to launch, and for many established firms to keep their doors open. This book provides the do's and don'ts so vital to business survival in tough times.