Nickel Basin Federal Development Corporation Equity Financing
no fixed amount
Investment
Description:
Through Equity Financing, Nickel Basin injects capital in return for preferred shares of the company. This form of financing is only considered in very specific circumstances, and is rarely used for start-ups.
Comments on Funding:
Funding takes the form of equity investments.
Continuous Intake
Eligibility:
Applicants must:
1. be seeking equity financing;
2. be businesses that:
a) Create Jobs or Sustain Existing Ones;
b) Are located within Nickel Basin CDC’s geographical jurisdiction to qualify for funding. Please note that relocating your business after receiving funding may result in loan repayment;
c) Demonstrate Personal Investment: A minimum personal financial investment of 10% is required. This percentage may increase based on the project’s intangible costs;
d) Maintain Strong Credit History;
e) Demonstrate economic viability of the business, with the ability to repay the Nickel Basin loan, other loans, and maintain its operational commitments current;
f) Possess Capable Management;
g) Provide Appropriate Venture Security.
Application Steps:
Applicants must:
1. complete and submit the application form for financing;
2. provide supporting documents;
3. be notified with the decision.
Documentation Needed:
Applicants must submit:
1. a completed business plan;
2. personal financial statement for each borrower and/or guarantor;
3. supporting financial projections, such as a cash flow budget;
4. additional information as requested.
Other Things to Note:
About the author
Maurice
