Let’s look at your experience as a professional entrepreneur and see how this effects your ability to get funded through Banks, Financial Institutions or Investors.

[C-EXPERIENCE] That looks good! Since you possess substantial experience and have previously built a business or project generating annual revenues equal to 25% (or more) of your new project's funding requirement, your funding prospects improve significantly. A track record of successful ventures underscores your execution ability. Investors and lenders prioritize proven accomplishments as indicators of effective management. Such experience reduces hurdles, demonstrating your competence and risk management skills. A lack of prior successes complicates investor assessment and amplifies perceived risk in new ventures while convincing stakeholders without a track record is challenging.

A project with annual revenues of 25% of your new project's funding requirement positions you favorably for funding. Proven success greatly enhances credibility, demonstrating your ability to manage and grow ventures. Showcase past success as evidence of your capability. Attract a wider range of investors, including venture capitalists and traditional lenders. With this kind of a background, you can capitalizing on experience, skills, and successes to build a compelling case for funding your new project.

About your Personal Income (C)

If your financial situation indicates an annual income of less than 25k, it will be extremely challenging to access funding for your project. A low income suggests limited financial capacity to take on additional debt or investment, making lenders wary of your ability to meet repayment obligations. This can lead to difficulties in securing loans or convincing investors of your project’s viability. In this scenario, you might consider alternative funding sources like grants, crowdfunding, or seeking partnerships with individuals or organizations that value non-financial contributions such as skills, expertise, or resources. Having an annual income of less than 150k still poses difficulties in accessing funding, but there might be some chances. While the challenges are not as pronounced as in the previous scenario, lenders may still be cautious due to the relatively limited income. To improve your chances, you could focus on building a strong business plan that demonstrates how your project can generate returns and cover loan payments. Exploring peer-to-peer lending or smaller lenders who might consider your project’s potential could be beneficial. If your financial situation reflects an annual income of more than 150k, there are good chances to access funding for your project. A higher income showcases your financial stability and ability to handle financial commitments, making you a more attractive borrower to lenders and investors. With a strong income, you can approach traditional lenders with greater confidence and negotiate more favorable terms. You’re also more likely to attract investors who see your financial capacity as a positive signal of your commitment to the project’s success. It is important to highlight your financial capability, as well as the potential profitability and risk mitigation strategies of your project. Your personal financial situation serves as a key indicator of your ability to navigate financial challenges and repay any funding obtained, making it a pivotal factor in securing the necessary resources for your project’s success.

What has been your personal income last year?

Let’s see how your personal income and financial possibilities effect how much funding you could be qualified for. Select:

LESS THAN USD 25k
LESS THAN USD 150k
MORE THAN USD 150k

NOTE: Select your last year's taxable income. What would be the equivalent amount in US dollars?