Comments on: Bootstrapping with an SBA Loan http://blog.nuevaventures.com/2009/09/21/bootstrapping-with-an-sba-loan/ Thu, 11 Feb 2010 18:42:06 +0000 hourly 1 http://wordpress.com/ By: comelague http://blog.nuevaventures.com/2009/09/21/bootstrapping-with-an-sba-loan/#comment-46 Tue, 22 Sep 2009 17:12:08 +0000 http://blog.nuevaventures.com/?p=35#comment-46 Thanks Dadi! It was a lot of work to get this in place but it was the right type of funding needed for the business. It’s important to make that distinction. Often, entrepreneurs go down a path with venture and angel investment when that is not really what they need. Here it was clearly a cash flow timing issue that needed to be solved.

We’ll be happy to consider this company’s later funding needs, if they for example are doing extensive product development with high risk and venture funding might be more appropriate.

I also found the folks at Wells Fargo to be great to work with. Despite the amount of time it took and complexity of paperwork, it was a good opportunity to clean house and be truly ready should the need for venture funding arise.

]]> By: Dadi Gudmundsson http://blog.nuevaventures.com/2009/09/21/bootstrapping-with-an-sba-loan/#comment-45 Tue, 22 Sep 2009 17:03:10 +0000 http://blog.nuevaventures.com/?p=35#comment-45 Thanks for this excellent info. I have often wondered about the SBA loan details. You are truly providing value to the startup community with your blog posts.

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