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The Guardian | December 30, 2016
Entrepreneur James Davis secured £100,000 in venture capital finance to start an IT business, in exchange for a 50% stake in his company. He was assigned a handler to talk to, but says there was very little engagement or involvement and none of the dialogue he expected. Nine months later we were growing but not at the rate required by the VC, so I went to a meeting with the handler to discuss next steps, he says. After an hour looking at spreadsheets he said it was time to wind the business up. ...
Small Business Trends | December 05, 2016
Small businesses in California that can’t access capital through traditional lenders have another option. Opportunity Fund is an organization that provides microloans to small businesses. Since it was founded in 1994, the organization has loaned more than $164 million to more than 5,500 businesses. And in its 2016 fiscal year, Opportunity Fund provided over $60 million in loans, with a special focus on helping minority owned businesses, though that is not a requirement to obtain funding....
Business Matters | January 04, 2017
The fund will be available to both new and existing businesses, as well as commercial customers, the bank says it to take a case-by-case approach to lending, “getting to know the people and plans behind an organisation” rather than just their balance sheet.Customers also receive a local business manager, who helps to make local lending decisions, while larger businesses can access “expert guidance” from dedicated specialist sector teams.The first three quarters of 2016 saw Metro Bank lend £551m ...
4TiGO | January 10, 2017
4TiGO, a company formed to serve as a freight exchange facilitator for truckers in the country, is set to close in on Series A funding to fuel its expansion plans....
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