About Small Business Start-Up Capital for the Disabled

Video Transcript

"My name is Bill Rae. I'm with Alumni Financial Services. I've been in the finance and business world for well over twenty years. And today, I'm going to talk about start up capital, for the disabled. Well, I would recommend if you're going to start a business. Just as in any business. The first thing you're going to need to know is identify either the product or service, that you intend on bringing to the market place. Once you have that, you're going to have to have a well thought out and written business plan. Make sure in that business plan, that you have what they call a financial flow projection. In other words, how much money are you going to need? How long are you going to need it, before the business turns a profit? Once you have these things, then would say to you, you're ready to start a business, or at least ready to apply for a grant or a loan, to start your business. Now, when it comes to disabled capital, perhaps one of the best places you might want to look is non-profit charities. They might be a good source, if they can't loan it as to help you get to where you could get some money. The other place to run your idea by of course is the Small Business Administration. Now, they don't make the loans, but they'll help you go to a bank and they'll guarantee a loan. The other place I recommend you to check is go to grants.gov. Go to the FAQ section and read. It'll help you decide whether you can apply for a grant. Remember, there is lots of money out there for start up business and expanding of businesses, but you need to be able to show, that you have the ability to get the money back. As in all things, come the financial, I recommend, understand the contracts that you're about to sign. Know what the cost of that money is. What the risk and rewards are, and seek sound advise. My name is Bill Rae. I'm with Alumni Financial Services, and we're here to help YOU build wealth."