Colorado Venture Financing Booming

In Colorado, venture financing is continuing an exceptionally aggressive path.

Coming off 2005 when companies raised $664 million in funds, corporations in Colorado are seeing yet another strong year in 2006. With $195 million in venture financing coming in during the third quarter, Colorado firms have raised more than $365 million in 2006.

After what was considered a rather disappointing start to 2006, the third quarter numbers that totaled nearly $200 million represent the state’s biggest three month period since 2002. The improved figures put the state in a position to surpass the totals of 2003 and 2004, though the numbers will likely trail that of ‘05 and the incredible 2000 year when Colorado companies raised $3.4 billion.

The key component of the state's third-quarter numbers came from the deal with Adam Aircraft Industries, a Centennial Airport- based airplane developer. That $93 million deal represents almost half of the entire three month haul.

For more on venture financing in Colorado, see:
http://www.denverpost.com/business/ci_4530947

Seeking Out Small Business Start-Up Funds

Starting a small business definitely has some inherent risks - especially since many start up enterprises are funded initially from the personal assets of the owner. Though many are willing to put up funds out of the gate, many more have to open a line of credit against their current assets to be able to get their venture going.

For those seeking small amounts of capital to start their businesses, a home equity loan can provide some basic start up costs. The beauty of such an option is that such a loan can be set up well in advance of a person making the shift from their current job to being their own boss.

Loans are also available from the U.S. Small Business Administration for those seeking to borrow less than $100,000. The SBA works with nonprofit organizations to offer a product referred to as a microloan.

For more on small business start-up funding options:

http://www.phillyburbs.com/pb-dyn/news/147-10052006-723052.html