Do you want money to start, grow, or acquire a business?

Added: 2026-05-19

[00:00:01]Well, good morning everyone. Thomas Montgomery. Great to be with you today.

[00:00:05]Today is Monday, May 18th, 20126.

[00:00:10]We get together most weekday mornings at 8:00 Central. And our focus today is to address a problem. Now, I don't know if you have the problem or not, but we are here to address the problem, which is best understood by reading the question in the inset.

[00:00:30]Do you or someone you know want money to start to grow or acquire a business? So, I'm going to ask each of you that's on the live Zoom to take one moment. Please go to the Q&A, the question and answer.

[00:00:45]It's like a chat box, a Zoom, and I'm looking for an answer. Yes or no?

[00:00:51]Because you need to know the answer to that. Do you want money? Do you need money to start, to grow, or to acquire a business? Because if so, today's conversation will be very practical, very relevant. We're going to have what they would say is an adult conversation.

[00:01:09]If you don't need money, you're still welcome to hang around, but this is the problem that we're here to solve.

[00:01:18]So, if you've answered yes, we have 515 of you on right now. And of course, people are still responding. But if you've answered yes, what the second question, I won't I won't drag drag you through a lot of text entry this morning, but why don't you have it? Right? Because there's banks, there's credit unions, there's alternative lenders all over the internet, in big cities, small towns, all across the land.

[00:01:46]If you need money, if you said yes, I need money to either start, grow, or acquire a business, why don't you have it? So, Kenneth, why don't you have it?

[00:01:58]Because there's a bunch of banks that like to loan money, bunch of credit unions, bunch of online lenders, there's SBA guaranteed loans, nonSBA, there's lines of credit, there's revolving accounts. There's all these options that are out there.

[00:02:16]Why do you have a problem? Any of you that have said yes?

[00:02:21]Because I I would think if you needed money to start, to grow, or acquire a business, you would be with your banker right now, wouldn't you be? Wouldn't you be waiting for the bank doors to open this morning and say, "Hey, I'm ready to apply."

[00:02:40]Well, I think the underlying answer is that most people are looking for money to start or grow or acquire a business.

[00:02:49]But the problem is we have to qualify, right? Just because we want something, just because we need something doesn't make us qualified. We we need to qualify for business funding. And that's what we've applied for a grant, received a grant, and that's what we do. So, if you're someone that says, "Yes, I need money to start, to grow, or acquire a business," then we need to really understand what does it take to get a yes, to get an approval, to get a a loan application accepted and funded. What does it take?

[00:03:30]I think you you all are exceptional. But the average person off the street would say yes to this, but most of them don't know what you and I know, which is, well, you have to have a fundable business. If you have a fundable business, then we get the money we need.

[00:03:47]If we don't have a fundable business, we're not going to be able to borrow it.

[00:03:52]So, what is it that it takes to have a fundable business?

[00:03:57]It starts with having a compliant business entity.

[00:04:01]Could be an LLC, CC Corp, S Corp. It's not so much on that, but it needs to be good in good standing at the state and federal level. If we don't have this, nothing else matters for business funding. Now, if you don't have this, you could theoretically go get personal funding, but that's not what we're here to talk about. So, we have to have a compliant business entity.

[00:04:23]We provide one for free through the grant and that's what you see over here on fundable shelf corp. We provide actually all the elements which we're going to talk about two more elements in a moment but it starts with this. So if you don't have a compliant business entity, this is the easiest first step you could ever have. Just come over to fundrashelfcort.com.

[00:04:48]There's a training video if you want to watch it here. here. If you want to be an affiliate, there's a training video here. But there's throughout the page there's a link to go get your free Shelf Corp. You could get it here. You could get it here. It's all the same link. You can get it here. So, first things first, we have to have a compliant business entity. Now, periodically, people will say, "Well, I already have an entity.

[00:05:12]That's not my problem." Okay? So, if you already have an entity, we we're still going to need the other elements of a fundable business, which we're going to discuss momentarily. But we've got to decide who's going to hold the risk.

[00:05:26]Where is the liability going to sit? If you already have a business, do you want that business to carry the debt? Do you want that business to have the risk? You want that business to have the the balance due on its balance sheet? I would suggest no. That's why most sophisticated entrepreneurs will use a fundable shelf corp as a separate entity even if they already have a compliant business entity. But regardless, you're an adult. You can figure out how you want to get that entity. Is that enough to go get money to start to grow or acquire a business? It is not. It's not enough. There's actually three things needed, by the way. So, let's go ahead and go to number two.

[00:06:12]The next thing that we need to get a business loan of any size, to start a business, to grow a business, or to acquire a business, we're going to need a loan package.

[00:06:24]I am not here to try to win a popularity contest. I'm here to give you the straight facts. So, the truth is, it doesn't matter what you think, and it doesn't really matter what I think. It matters what does the bank, the lender, think. And that's what I'm giving you the straight scoop on. So, we are going to need to have a loan package. And and maybe you think that uh that's not needed. Maybe you think you know everything that you need to know. Maybe you think you can just sit down and and just tell everyone how it's all going to play out. But that's not going to work for a larger business loan. We need a loan package. And that what's included in that typically are three things. A business plan. A business plan identifies what you do, who owns the business, how much money you want, which is called the the uses of funds, where's the money going to come from, which is called the sources of funds, uh, and so forth. So again, I know you're smart and you know the answers to probably everything that you need to know, but we need to be able to convey to the lender what your business is, what it does, why we need the money, and then we also need to present to the lender financials. Now, there's technically two types of financials.

[00:07:47]There's historical, meaning what's happened in the past, and then there's projections, what we think will happen in the future. If you're just starting a business, then there are no historicals.

[00:07:58]That makes it simple. If we're going to grow a business, that kind of indicates we already have some activity. And so then historical would matter. And if we're going to acquire a business, getting the historical financial should be remarkably easy. They should be prepared to share with you their historical financials.

[00:08:19]We also need to create financial projections. Most lenders that we work with will want at least two years, 24 months, but in many cases three years, 36 months. We take care of that through the grant. We'll create the business plan for you. We'll create the financial projections. And then the third element of the loan package is the feasibility data. And again, I know to you, you might say, uh, I don't care about that.

[00:08:47]Just give me the money. But we have to qualify. We have to have a fundable business. We have to qualify to solve this problem. And I'm showing you exactly what it takes to qualify. So the feasibility data is going to look at your industry overall. Is the industry growing? Is it declining? Who's your competitors? What are we going to do different? A lot of important information. So these all three, the truth is they all overlap and tie together, but they really are three different elements of of data that's needed for a loan package. So out of 500, now we're up to 521 of you, of course, all of you didn't answer the initial question that I asked you to, but of those that you did say yes, do you all have a loan package that that's ready to present to the lender, Mr. Jones, Mr. Sterling, Mr. Certain, Mr. Stewart.

[00:09:48]Do you have that? Because if you don't have that, that's a problem. Maybe it doesn't seem like a problem to you, but it's going to be a problem to the lender, and we need to provide that because this is the checklist of what the lenders want to see. Now, the third and final element are the credibility elements of the borrower. Now, this gets a little more complicated, right? Well, who's the borrower? Well, the borrower is either you as an individual or the business or some combination of the two depending upon how everything is set up. What I mean by that is let's say we're going to go acquire an existing business. We're going through an acquisition right now. We're buying a new business. Well, it's not new. It's been open 40 years. Literally 40 40.

[00:10:40]It's been open 40 years. Has a a rating with a better business bureau. Seller is the owner, individual owner looking to retire. And so we're in the process of acquiring that business. So when it comes to, you know, who normally starts a business, normally it's the business owner, although a business could start another business.

[00:11:03]If we're growing a business, that means we already have one. So, usually it's a business seeking to borrow money to grow itself. And then when we get over to acquire a business, theoretically it could be you as an individual or a business that you own that needs funding to acquire a business. We recommend frankly in all cases use one of these free fundable shelf corps because it provides the credibility elements needed. But when we get to number three, the question becomes what is the the credibility factors of the borrower? And so again, if you use our model, we'll be providing a shelf corp. So the shelf corp will have established trade lines that shows that it is credible, that it's had extensions of credit, it's paid, it is agreed. When you get a fundable shelf corp, it's going to come with the collateral already already included. And then capacity is a really big deal. The capacity is when the lender and and I I think I think you see the theme. The more that you stop looking at this proposition as what do I need to do to get money, we might want to start looking at it at least equally as so. What does the bank, what does the the lender want to see to approve me for funding? Because again, it really doesn't matter what you think. It matters what they think because we're trying to get the money from them. So, we need to meet what they're looking for. And what they're looking for is a low-risk deal that they're likely to get repaid on. So, they want to see that the entity is in good standing, state and federal level. Not real difficult. comes automatic with the fundable shelf corp.

[00:12:57]They're going to want a loan package that describes the it has the documentation as I've referenced that comes through the process. And then they're going to want a borrower that is credible in terms of credit, collateral, capacity, and we set that shelf corp with all of these items. Now, I I see Ernest has a question, which is a good one on credit. He's asking, "Does personal credit matter?" Well, that's interesting. So, first of all, it depends on the specific lender and type of of financing. In some cases, it does, in some cases, it doesn't. But we've prepared for that when we develop the program, which applied for the grant, receive the grant, and and implement the grant. Now, we actually will provide a co-signer if needed. So, yes, some lenders don't want to just see a creditworthy business. Some also want to see a creditw worthy business owner. Not a problem. We'll provide that for you if needed.

[00:14:03]So, if the question your answer is yes, I need money to start or grow or acquire a business, then what's the bottom line?

[00:14:12]We need to have a fundable business. And I've hopefully just described that to you. On fundable shelf corp, you can learn more about how the grant works and uh in fact that we can use it for starting a business, which we just discussed, growing a business, which we also discussed, and even to acquire an existing business. It's not too good to be true. It's not smoking mirrors.

[00:14:38]Essentially, what we're doing is helping grant participants have a fundable business. And I'm showing you the the formula for funding. This is sometimes referred to as the formula for funding or or think of it as the the ingredients needed for the recipe or well this I guess this is the recipe and we provide the ingredients using that analogy. So, we get started with number one because if we don't have number one, nothing else matters. We start with number one because you could have all of two and all of three, but if you don't have number one, nothing's going to happen. But if we have number one, we can go ahead and start accessing business funding and financing in a week. So, that's what we get to over here. So, we're going to provide that fundable shelf corp through the grant.

[00:15:31]It's free. clean and compliant fundable business entity doesn't have any debts or outstanding obligations.

[00:15:40]We're also going to provide a unique business address for free for the lifetime of the business. That's critically important because the address matters. We can't be using a residential address or a post office box or one of those shared virtual offices. We need to have a distinct unique business address that's provided through the grant for free. All the participant does is just pay to have their mail forwarded to them. The EIN, of course, is necessary for the business. That's like a social security number is to a person, an EIN for the business. And then we're going to need obviously a registered agent.

[00:16:17]So, all of that is included through the free shelf court. There is a one-time processing fee that pays the attorneys to get all of this into your name. So we should be able to provide this to you or any grant participant in six days less than a week. And then our goal is by the seventh day, so within a week can actually start using this shelf corp to start accessing capital. Now this is not one of those too good to be true stories. So when we talk about what does it take to have a fundable business, we're talking about number one here. And so, yes, number one will allow us to start accessing funding and financing in a week. That is a true statement. But in a week, are we going to have all of number two and three? No.

[00:17:11]No. It normally takes us about 30 days to get all of two and three done. But first things first, we can get this taken care of in a week and go ahead and start accessing what we call first trunch funding. Again, uh if you want more detail, there's a training video here. Encourage to watch it. We talk a lot in this training about acquiring an existing business. I I think many people overlook the importance, the opportunity to buy an existing business. There are businesses out there for sale that are open. They have clients. They're making a profit. And you could buy that business. We can use this same model here to go buy that existing business.

[00:17:59]And from day one, you're making money.

[00:18:01]From day one, you're you're you have a paycheck coming in as a W2 employee from your company, not working for someone else's company. So, acquiring an existing business isn't the only thing we can do. We can use it to start a company or grow an existing one. But I strongly encourage you to consider acquire an existing business. If you don't know of any businesses for sale, you can go to a website. There's a few different ones, but biz by sell is a really good one. And you can go in and and search off of any state. Let's say we want to look under uh New York metro area. There's different industries you can filter on. So again, you it's up to you what you're interested in, but you can go in and play around. And there are hundreds if not thousands of businesses for sale that uh so let's take this one for example, a tax prep firm. And I know this may not be what you want, but just as an example, tax prep firm buy it for about quarter of a million. So, we would have enough through the shelf core to get it. And then it's already cash flowing positive. You know, some of these are cash flowing crazy amounts.

[00:19:19]This one's cash flowing 190,000.

[00:19:22]This one's cash flowing 1.4 million.

[00:19:26]There there's some tremendous businesses that you don't have to start from scratch. Now, if your goal is your preference is to start something from scratch, we can. But with that being said, I encourage you to come to Fundable Shelf Corp. additional training here. We have an affiliate program if you want to get paid to refer people in.

[00:19:46]That's here. If you need to talk to one of our funding attorneys, fill out the simple form here and one of them will contact you, but you are welcome to go ahead and enroll and participate either as a participant or andor as an affiliate. So, what questions do any of you have? And I'll pull this up.

[00:20:09]Galen's asking, "Will these funding options require a personal guarantor?"

[00:20:16]Well, remember I I addressed that, didn't I? I said that there are different lenders and different lenders have different underwriting criteria. We talked about the credibility factors and what I said, Gayen, is that some some will look at the creditworthiness of the owner in addition to the business. Some won't. But is that going to be a problem? No. Because we provide the co-signer if needed. We provide the collateral. We provide the capacity.

[00:20:45]That's that's why the grant exists is because a lot of people say yes to this, but a lot of people say no that they don't have a fundable business. So, they can't accomplish this. So, we put together a a grant under our 501c3 that allows us to help people have a fundable business by providing these three items.

[00:21:10]It starts with the entity and that's that's where we need to start. Now, again, if you feel like you already have a fundable entity and you want to skip step number one, that's an option. go ahead and fill out this form and put in the note field here already have a fundable business entity or a compliant business entity want to go to step two right away and and we can make that exception but I I would encourage you to second guess if you want to do that because when a business goes and borrows the money it has a debt it has an obligation do you want that debt sitting on your existing business, your what we call legacy business, or would you rather that debt being sit would you rather it sit over here on the fundable shelf corp and then you can move the money from the shelf corp over to your legacy business for use.

[00:22:07]Hopefully that makes sense.

[00:22:10]All right, but first things first, I encourage you to go to Fundable Shelf Corp. We are looking for more affiliates. Uh we have a funding attorney, her name is Maria. She'll assist you if you're looking to earn money helping others. She's got leads.

[00:22:24]Uh we provide a turnkey system. Doesn't cost anything. And in contrast, if you're looking for funding yourself, that's this video and any of these links.

[00:22:37]We'll get you started.

[00:22:39]All right. Well, thanks everyone. Anyone that signs up today, we should be ready for funding next Monday, which would be May the Well, Monday is Memorial Day, isn't it? So, we would schedule anyone that enrolls today funding on Tuesday, May 26th.

[00:22:58]So, if you would like to have your first trunch, your first round of funding next week on Tuesday, May 26th, today, Monday, May 18th, is is the day to enroll. Thanks everyone. Talk to you soon. Have a good day. Bye-bye.