Raising Money in a Down Market Dayton OH

Getting start-up funds during a recession. Here are some traditional and non-traditional sources of funding for young entrepreneurs.

Local Companies

Fifth Third Bank
937-227-6494
110 N. Main Street
Dayton, OH
Maywood Capital
(937) 538-1553
53 Park Ave
Dayton, OH
Value Financial, Carlos Scarpero
937-291-0999
3510 Cherry Point Way
Dayton, OH
Wright-Patt Credit Union Inc.
(937) 912-7000
2455 Executive Park Boulevard
Fairborn, OH
Check Exchange
(937) 278-4320
4171 N Main St
Dayton, OH
Advance America Cash Advance
(937) 294-3573
2039 E Dorothy Ln
Dayton, OH
Advance America Cash Advance
(937) 256-7024
3958 Linden Ave
Dayton, OH
Wright-Patt Credit Union
(937) 236-3122
7635 Troy Pike
Dayton, OH
Wright-Patt Credit Union
(937) 276-5627
3530 W Siebenthaler Ave
Dayton, OH
Household Finance Corporation
(937) 237-8350
8271 Troy Pike
Dayton, OH

 

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So you’ve got an idea. One that you truly believe could launch a business and your fortune. Your friends and family completely agree and encourage you to go chase your dream. So you decide to get some funding and make it happen.


But have you checked the credit markets lately? This is where all the actual operational money comes from and the venture capital industry follows their lead. The current freeze in the credit markets means that no one is getting money right now. No money for payrolls. No money for inventories. No money for expansion. According to the National Venture Capital Association, the total private equity investment in the quarter was $7.1 billion, down from $7.8 billion a year ago, and those numbers are before the Wall Street and credit market meltdowns.  This means that raising money for a new venture right now will be tough, but definitely not impossible.


Here are some traditional and non-traditional sources of funding for young entrepreneurs:

 

Venture Capital

This is typically the first thought of aspiring entrepreneurs: make a pitch, get millions, have some fun and sell the company. But is that VC money still available? Sure, but you have to do more than WOW them during these times. You have to go in with a bullet-proof idea, run lean, and show how soon you’ll get to profitability—if they agree to meet with you at all.


Venture capital operates on seven-to-ten-year cycles. Firms don't, for the most part, use d

Click here to read the rest of the article at YoungMoney.com.

Featured Local Company

Fifth Third Bank

937-227-6494
110 N. Main Street
Dayton, OH
http://www.53.com

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