About Jim D. Ray Expertise Jim Ray is coordinator of a regional venture capital network, serving entrepreneurs and investors seeking funding relationships. Ray is an experienced entrepreneur and is presently involved in the operations of several business concepts, including a national commercial real estate company and a web design firm. Areas of expertise include the overall startup funding process; writing venture capital proposals; and win-win exit strategies for existing private funding relationships.
Expert: Jim D. Ray Date: 4/24/2004 Subject: venture ideas
Question mr. ray,
i don't know where exactly to begin, so i'll keep it simple for you.
do you know if there's any source of capital available for a minority-owned LLC that's 5 years old, has done a respectable job of operations, but may have hit on hard times and is looking for a way to re-invent itself with fresh capital?
please advise. thank you.
Answer Monday, April 26, 2004
1:57 AM CST
Hello, Mike:
Excellent question! Let's get right to it --
I recommend looking into the Small Business Administration's Small Business Investment Company program. For more information, visit their website at: http://www.sba.gov/INV/sbinfo.html.
Mike, I hope this information helps point you in the right direction. Should you think of other questions or need further guidance, please feel welcome to write me again anytime.
