Small businesses usually turn to angel financing when the owners exhaust the supply of their own funds and those of their family and friends. If debt financing is not available, angel funding is the next thing they try. Angels usually loan an average of about $35,000, but they may loan much more than that. They become an investor in your firm and often want a seat on your board and some input into the operation of your firm. They can often provide you, as an entrepreneur, valuable advice and counsel. Here are some valuable
sources of angel financing. Below are more sources of angel funding for you to check out.
Angelsoft has been around since 2004. It is an organization with 454 Angel Groups and Venture Capitalists, 18,035 Angel Investors, and 3,100 new entrepreneurs every month using their tools. The top five industries in which they invest are consumer products, media, software, B2B. and medical.
This is a blog dedicated to helping startup or existing small businesses find angel funding. It is a very valuable source of reading material for small businesses. If you are trying to find money, don't overlook this blog! You get lots of good information and great resources for funding and funding strategies.
Go4Funding is a platform to bring entrepreneurs, business owners, and investors together. You, as an entrepreneur or business owner, can post your capital needs. Investors can look through projects and see if there is anything interesting there for them. There are also forums there to discuss your needs with others. There are resources for you, as a business owner, to help you get your business off the ground.
The Angel Capital Association is a professional group of licensed angel investors. This is an invaluable listing of members in good standing with this association. Members are listed by geographic region.
In 1995, the Small Business Administration created ACE-Net, the Angel Capital Electronic Network to help small businesses connect with private capital. Not only does Active Capital provide access for small businesses to investors in their own local and regional areas, but the organization helps them comply with SEC rules and regulations about selling shares in their firms to investors.
You can find a listing and brief description of national, regional, and state angel organization websites here. The organizations are generally composed of accredited investors.
