Am I guaranteed to find an investor?
No. What we do guarantee is that your plan will be seen by our IRA Network Associates. Additionally, it will be profiled for selective distribution for submission to literally hundreds of qualified lenders and investors in our database. If your plan is good, you have a pretty good chance of being funded. However, if your plan is flawed, the investors likely will not show interest.
I'm interested in starting a small business - where do I find venture capital?
Venture Capital is probably not the correct form of capital for your small business. You'll most likely be better served by debt financing, or "Angel" financing if your business can generate a significant return on investment.
Why is a business plan so important?
First, it helps you by providing a "road map" for your business. Second, it is used to show potential sources of money how you will generate profits.
Why does IRA insist on reviewing my business plan?
Simply put - our reputation is also on the line but we also want to make sure you see the "forest" among the "trees".
Does IRA make loans or give grants?
No, but we will help you find those resources.
How would you define the IRA Network?
IRA stands for Investors Resource Alliance. We are a full service business development firm with two core services: business document preparation and creative financing and funding
Will it be possible to get references from various types of business associates that IRA has worked with?
At the appropriate time in the qualifying process we can provide references that you can contact. We will also be asking for references from you as well.
What kind of success rate do you have facilitating funding for your clients?
It varies depending upon industry, timing, economic factors and the development stage of the project.
Can the business plan be funded or can the cost of the plan be included as part of the client’s requested funding dollars?
We are willing to work within a client’s budget. However, we would have to be paid at least a portion of the client’s contracted billing amount upfront to cover our internal costs.
How do you arrive at the cost of the Business Plan?
Our prices are equitable and competitive with other companies who offer professionally prepared business plans. Our business plans can range from 20 to over 40 pages and cover diverse categories, topics, and subjects. The following factors are considered:
A) Are we starting from scratch or is the client supplying us with some support documents
B) How complex is the project? Is the business local, national or international with multiple locations, distribution channels and target markets, etc. or is it just a single entity.
All of these variables are discussed further in the conference call and a cost basis will be established.
When can I expect to see results from your services?
A 30-120 day timeframe is normal dependent on different factors such as the level of service you choose, promptness in providing requested information, investor reviews, and so forth. However, if you are simply looking to finance property or equipment for your business or personal use, the timeframe is in the range of 30-45 business days.
What are my chances of getting the funding I need?
While it is not possible for us to absolutely predict, your chances of being funded are greatly enhanced by our extensive knowledge and investor relationships built on over 25 years in this field.
What kind of terms can I expect ?
Generally speaking, with our vast resources we can find you a competitive rate. In certain cases we can get you more favorable and even longer terms than most "conventional" lenders. eg: up to 30 year commercial loan with 90% LTV. Of course, your credit rating is a key factor.
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