How Entrepreneurs Can Raise Money from Banks

There are many recurring themes to the posts on this blog and to our CSUF Entrepreneurship Insider. There are so many things that entrepreneurs need to have some fluency in and fundraising, whether for a business or a nonprofit, is one of the important ones. There are no easy answers to how entrepreneurs should raise money to fund their startup but, as is I feel is the case with everything in business and life, knowing what your options are is important.

Banks can be a good way to raise money for your startup. Getting funding from a bank won’t be easy, especially if you’re in the earliest stages of launching your startup and have no track record to speak of, but it certainly is an option that entrepreneurs need to understand. This Wednesday at 6pm at the CSUF Startup Incubator in Irvine we welcome Charlie Phillips, the AVP of South County Bank in so that he can explain how entrepreneurs should approach raising funds from a bank. Register now!

Nearly every entrepreneur that I talk with has questions about raising money to fund their startup. These conversations usually start out with exhortations to bootstrap until they start to get some traction. But bootstrapping usually isn’t enough, especially for startups that have aggressive growth plans.

One form of funding that I think entrepreneurs should give more thought to is also one of the more traditional forms of funding (at least for established businesses) and that is your local bank.

This Wednesday at our office in Irvine we welcome the AVP of South County Bank, Charlie Phillips, to walk us through the game plan that entrepreneurs should follow when approaching a bank. Debt financing is, obviously, substantially different from equity financing and there are good ways and bad ways to go about trying to secure loans from banks. Charlie will present a strategy entrepreneurs should follow in order to get their best result possible.

The talk is this Wednesday at 6pm in Irvine. Please register for this event by going to the event page.

Sincerely,
John Bradley Jackson
Director and Professor
CSUF Center for Entrepreneurship, CSUF Consulting, & CSUF Startup Incubator

EVENTS

Seminars, competitions, and all other kinds of events open to everyone in the CSUF Entrepreneurship community free of charge.

Mentor Office Hours @ CSUF Startup Incubator

Experts from our community including lawyers, CPAs, marketers, and professors have office hours every week open to everyone in our community. Click on the links below to reserve a 1-ON-1 meeting with them.

Identifying and Protecting your IP: 1 on 1 Office Hours – Tuesday, April 24 in Irvine from 12:00pm to 2:00pm

How to Start a Business with Entrepreneurship Professor Jeff Longshaw – Tuesday, April 24 in Placentia from 3:00pm to 5:00pm

Intellectual Property Questions Answered by Patent Attorney Austin Bonderer – Wednesday, April 25 in Placentia from 2:00pm to 3:00pm

Learn Marketing with Branding Expert Curt Cuscino – Thursday, May 3 in Irvine from 5:00pm to 8:00pm

CSUF Entrepreneur Round Table – Group Mentoring Session – Tuesday, May 8 in Irvine from 6:00pm to 8:00pm

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