How ready are you to raise capital?

0 of 12 answered

1. 01How clearly defined is what the capital needs to accomplish?

   Exploring optionsGeneral ideaClear goal, details openSpecific use, amount, and outcome
2. 02Do you know how much capital you need?

   Not yetA rough rangeA target with some supportSources and uses prepared
3. 03When do you need funds?

   Within 30 days30 to 60 days60 to 120 daysMore than 120 days
4. 04Which financial statements do you have ready?

   Not much yetTax returns onlyReturns and year to date statementsCPA prepared statements, current and prior years
5. 05For the property or business involved, how complete is the operating history?

   New venture or no historyLess than a yearOne to two yearsThree years or more, documented
6. 06How would you describe the credit of the principals?

   Below 620 or recent major events620 to 679680 to 739740 or higher
7. 07How much liquidity do the principals hold outside the deal?

   MinimalSome, under 5% of the request5% to 10% of the requestMore than 10% of the request
8. 08How much of your own equity is committed?

   None yetUnder 10% of total cost10% to 25%More than 25%
9. 09How much experience does the team have with this type of project or business?

   First timeSome related experienceSeveral similar dealsExtensive, documented track record
10. 10Is the borrowing or investing entity set up?

    Not yetIn progressFormed, documents scatteredFormed with documents organized
11. 11Are your CPA and attorney involved?

    NoI have them, not engaged yetOne is engagedBoth are engaged
12. 12How well do you know your existing debt?

    Not sure of the detailsKnow balances onlyKnow balances, rates, and maturitiesFull schedule including prepayment terms