Question: As you ve learned in this module, there are a myriad of financing alternatives you can pursue to help fund your business. This is great

As youve learned in this module, there are a myriad of financing alternatives you can pursue to help fund your business. This is great news for entrepreneurs! The challenge is knowing where to find and how to research funding sources. For this discussion, you will select and research one equity source of financing and one debt source of financing. Note: Do not research crowdfunding as this form of equity financing has already been explored in a separate assessment. Ideally, you will select sources of financing that would be appropriate for your focus small business. While you are free to conduct your own research, the following resources have also been provided to facilitate your financing research: Ann Arbor Spark has compiled a list of Area Angel Investor and Venture Capital Resources Ann Arbor Spark has also compiled a list of Area Microloan Programs Michigan Venture Capital Association has a directory of Venture Capital Members Michigan Economic Development Corporation (MEDC) has compiled a list of Michigan Equity Funding Programs MEDC has compiled information regarding Capital Access Programs Hatch Detroit and Detroit Soup are just two of many local micro-grant examples Select and research a source of equity funding and respond to the following prompts: What equity financing source did you research? Identify the specific equity program and provider.(2 points) What type of equity financing does the source provide? Examples: Angel investing, venture capital, grants, etc. (2 points) What are the criteria for applying for funding? Does the funding source target specific types of business? (2 points) What are the stated objectives of the funding source? So, what does the funding source seek to accomplish through its funding of small businesses? (2points) Explain the application process for receiving funding. (2 points) Besides capital, what benefits does the funding source offer to funding recipients? For example, does the funding source provide advisors, training, or other support? (2 points) What is the dollar range of funding offered by the equity financing source?(2 points) Select and research a source of debt funding and respond to the following prompts: What debt financing source did you research? Identify the specific equity program and provider. (2points) What type of debt financing does the source provide? Examples: Microloan, capital access, SBA loan, asset-based loan, etc. (2 points) What are the criteria for applying for funding? Does the funding source target specific types of business? (2 points) What are the stated objectives of the funding source? So, what does the funding source seek to accomplish through its funding of small businesses? (2points) Explain the application process for receiving funding. (2 points) What is the dollar range of funding offered by the debt financing source? (2 points)3. Would either of these funding sources be realistic for you to pursue for your focus small business?

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