RTP-BizDevelopment

RTP-BizDevelopment

July 6, 2021

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By Devaughn Dames

Devaughn Dames

Dr. Devaughn Dames is one of the most dynamic speakers, researcher, business consultant, writer, financial analyst, investor, and serial entrepreneur in the world. He’s a strong communicator with an exceptional ability to speak to large groups.

consulting in these fields. To connect with Devaughn, sign up for free / log in on moreandmorenetwork.com

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RTP-BizDevelopment

RTP-BizDevelopment provides entrepreneurs and business owners access to its vast network of resources for business opportunities and growth. This includes networking with our alliance partners in private equity lenders, family offices, hedge funds, and venture capital. If your business needs equity financing to get started, you may be able to find an angel investor or venture capitalist through one of our many communication channels. If you are seeking cash, investment capital, or lending relationships, RTP-BizDevelopment has the solution.

Services Offered

Capital Raising for Debt & Equity 

Crowdfunding 

Private Lending 

SBA 7(a)/ 504 loans 

You are an entrepreneur and have a new business idea, or you are a business owner with an established enterprise who wishes to expand your operation, seeking capital from various lenders and sources.  Where do you begin?

  • What is your business venture?
  • How much capital do you seek?
  • Do you have capital backing from alternative sources?
  • How much committed capital do you already have?
  • Do you have existing funding for your project?
  • Do you have established investment relationships for acquiring capital?
  • Do you have established lenders for your project?
  • How are you planning on acquiring capital or investors for your business?

What is Capital Raising?

Creating your own project can be difficult. You will need adequate funding, time, personal support, and professional support in order to successfully advance your entrepreneurial dreams. In entrepreneurship, skills and vision really matter.  The personality traits, idea, vision you have, and the way you succeed in communicating with others and in building connections are vital. Learning to be an entrepreneur and grow in your personal life are the secrets of long-term success in your career as a businessman. When does it make sense for the business owner to branch out into a business line outside his traditional sector?

First, ask yourself why you are doing this. If the goal is to support a weak primary business by spreading your eggs in different baskets, or because you are bored, or unfulfilled in the work you are working in, then you should not go ahead. The most important factor in deciding whether to diversify or not is the company’s whereabouts in its core business life cycle. A new business line or venture will extend to your employees, especially the most important ones. Often the employees you depend on most for your primary job are the same employees you will depend on for a new job. It’s easy to underestimate the impact that competition on resources will have on your current business, especially if the new business is present within your current business.  It can split the employer’s attention and loyalty.

People in basic businesses may resent using resources in new businesses. They may not understand, or they may fear how it will affect their jobs. They may not get along with the people involved in the new business, creating friction and stress in the workplace.  The sharing of resources also makes it difficult to establish a clear-cut financial model for both existing and new businesses.  Shared resources are more difficult to segment properly. This could obscure profit margins and free cash flows in both companies. This is especially important if your current primary business is in expansion mode or is still being consumed instead of generating cash. It is much simpler if the core business is mature and has a cash flow to help fund the new company rather than having two hungry mouths to feed at once.

One of the expansion options is to focus on what can be done to improve core business.  You may be surprised by the opportunities available to improve your core business. Worse yet, new businesses consume limited critical money that you could have posted in your core business to overcome an unexpected challenge. Regardless of the depletion of your resources, it is important to note that lenders generally do not give credit for a new business initiative until it is no longer new. Equity investors may be more open, but not automatic. Having a clear agreement with the majority or majority before embarking on a new direction is crucial to avoid pointing fingers when inevitable challenges arise.

How can RTP-BizDevelopment help me Raise Money?

Raising Capital

Growth and expansion are major goals for most business owners and entrepreneurs.  But how can you expand your business in today’s dull economy and slow growth? All successful small startups eventually face the issue of dealing with business expansion or growth. Business expansion is a stage of a company’s life full of opportunities and risks.  Business growth often brings with it a corresponding increase in the financial wealth of owners and employees alike.  Additionally, expansion is usually seen as validating the idea of ​​an entrepreneur’s initial start-up, and subsequent efforts to achieve this vision.  At RTP-BizDevelopment, we will guide you on your specific business needs, goals, and situation. We will then collaborate and offer tips on how to raise capital for debt and equity in our vast resource of industries including: startups, biotech, infotech, fintech, construction, medical, and real-estate scalable businesses.

Crowdfunding

Crowdfunding is a type of venture capital project funding through group investment, usually via internet and social media campaigns. Instead of using traditional methods such as banking, lenders, and angel investors, crowdfunding relies on the collective effort of individual investors. The benefits are the barrier of entry is lower, reach is wider, and it’s more efficient.  One can build a website for the campaign and distribute it to millions of potential investors for reach.  Selling a product in a physical location with staff is a different business model than a soft and tech company. This requires different venture capital funding, scalability, growth, and potential room for expansion. The dynamics vary.  Different industries require different fundraising efforts. RTP-BizDevelopment can help you differentiate these nuances as well as build a crowdfunding campaign and distribute it to our vast network of resources.

Private Lending

Traditional lenders, such as banks and credit unions, are so profitable because they earn money by charging the lenders extra fees and interest rates. Because lenders have an interest in maximizing their profits and reducing their risk, lending also comes with cost. Thus, it is advisable to find a private lending relationship to circumvent paying a premium with a large financial institution as a primary lender. If you are seeking to expand your portfolio and passive income investment, private lending is the best change of real estate investment with no money upfront. Private lenders offer a more intimate relationship that one would otherwise get with a big bank. RTP-BizDevelopment works with lenders and joint venture capital in the following industries: multi-family units, hotels, living assisted facilities, hospitals, and large-scale infrastructure projects.

SBA 7(a)/ 504 loans

Another way of obtaining funding is via the federal government. The Small Business Administration works to help small businesses find an SBA—approved lender, for which the SBA guarantees part of the loan. These loans are particularly useful in obtaining short and long-term working capital, refinancing debt, or purchasing supplies. This is the best option when real estate is part of a business purchase. The business must be in the U.S, operationally profitable, and pass the qualifications of what the SBA deems a viable small business. Standard 7(a) loans max out at $5 million, and the SBA will guarantee 85% of loans up to $150,000 and 75% of loans greater than $150,000. An SBA 504 loan may be used to buy a building, finance ground construction, building improvements, or purchase equipment. An SBA 504 loan is the best option when there are multiple partners, and one partner has more assets and equity in a home. Also, the fees are lower compared to a 7a loan. RTP-BizDevelopment will help you decide whether or not you qualify or need an SBA loan as well as process and file all the paperwork to ensure that your growing business is operationally viable and has access to the maximum capital available.

 

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