Business Loans and Economic Development

Where smart businesses go for low cost loans!
5% APR up to $500,000

Monday, April 22, 2019
   

Long Island Development Corporation

Corporate Office:
175 Engineers Road
Suite 200
Hauppauge, New York 11788

Tel: 1-516-433-5000
Fax: 1-516-433-5046
Email: info@lidc.org
Up Coming Events...

SCWBEC Sponsor Showcase & Luncheon

April 25, 2019

Babylon, NY

9:00 AM

3:00 PM

 

Suffolk County Women's Business Enterprise Coalition (SCWBEC)

Annual Sponsor Showcase & Luncheon

9 am - Noon The Sponsor Showcase

12:30 - 3 pm Luncheon & Keynote Speaker Kathleen King 

 

The Piermont
494 Fire Island Ave
Babylon, NY 11702

 

Luncheon tickets: $55 Early Bird Price until April 10th

Information and registration:  www.scwbec.org or call: 631 468-7050

More info...

LI Hispanic Chamber of Commerce, Inc.

May 17, 2019

New Hyde Park

11:00 AM

2:00 PM

 

14th Annual Latina Hat Luncheon

 

The Inn, New Hyde Park
214 Jericho Turnpike

New Hyde Park, NY 11040

 

Sponsorship & Reservations please call 516 333-0105

More info...

Long Island Association

May 17, 2019

Woodbury

6:00 PM

11:00 PM

 

Long Island Association (LIA)

Annual Awards Gala  

Black Tie:  6pm

Crest Hollow Country Club
Jericho Turnpike
Woodbury, NY 

 

For Sponsorship Packages, Table/Tickets/Journal Ads

and additional information call LIA Gala Office: 631 494-3009 or 3032

More info...

HIA-LI 31st Annual B2B Trade Show

May 30, 2019

Brentwood, NY

9:00 AM

3:00 PM

 

Hauppauge Industrial Association-Long Island

 

31st Annual Trade ShowYour Business Connected
LI's largest B2B Trade Show & Conference

 

Suffolk County Community College Sports & Exhibition Center

Brentwood, New York

 

Information & Registration:  info@hia-li.org  www.hia-li.org

More info...

President's Post - Archive
Where to Find Financing for Your BioTech/Health/LifeSciences Project

November 1, 2016

Access to capital is one of the greatest challenge for businesses. Whether the business manufactures basic aircraft parts or is engaged in sophisticated  bio technology research, the issue of funding is paramount  from beginning to end of a business’ life cycle. The best business plans provide for potential sources of funding at each stage and alternatives if choice one doesn’t materialize as expected. For the emerging technologies of today’s environment-bio technology, health and life sciences related  businesses- there are traditional, conventional funding sources as well as  alternative sources. The alternative sources have entered the market because of the potential “upside financial returns” in these fields.

Financing sources will vary with the company’s age, performance and potential. Clearly, start up or early stage companies will have a tough time finding suitable financing. Likewise, existing companies with a terrible track record (losses or minimal returns, products or services which quickly become extinct) will not find it easy to access capital. However, even growing companies with  solid profits, increasing market share and innovative practices can be challenged when it comes to financing solutions.

On the more mundane side- existing companies with consistent profits can turn to their banks, credit unions and other conventional resources for  lines of credit, term loans, etc. For those whose lenders need a bit of convincing, the SBA (US Small Business Administration) 7A loan program (which guarantees part of the conventional lender’s loan to the business) can be a good fix.

When it comes to early stage companies or existing companies who plan a major expansion or expansion into a new field, the most common source of financing is some sort of “venture capital”- equity and/or debt.  The SBA has an SBIC program (small business investment companies) – a network of firms providing venture capital.

There are other sources  of debt/equity capital:

-look at some of the major bio tech, pharmaceutical companies like Unum. Alexion Pharmaceutical, Celgene, Amgen, United Therapeutics, Actelion. Many of these  major companies with revenues in excess of $500 million, in the US and abroad, will provide funding for unique bio tech, health, life sciences projects which can enhance their product lines.  One just has to look at the NASDAQ biotech index companies to find a plethora of potential funding sources. And lets not forget grants for academic collaboration with  industry to facilitate invention and commercialization. Grants such as the SBIR’s (small business innovation research grants) are available from a host of federal agencies and others- ie. National Institutes of Health.  Many academic institutions have formed affiliated entities to fund such initiatives- ie. the collaboration known as Emtech Bio formed by Emory and Georgia Tech. And, closer to home, there are numerous examples of collaborations formed by SUNY Stonybrook, Cold Spring Harbor Labs etc. in the  bio tech/health/life sciences fields. Another source of funding can be the initiatives created by some of the major accounting firms – no longer just accountants. The former Ernst & Young (now ey.com) has a list of global bio technology contacts to provide funding or pathways to funding for the right projects. Of course, for the right companies IPO’s are an appropriate source of funding for major projects.

Clearly, simple debt financing requires demonstrated ability to repay the debt in a timely basis. For early stage companies and even for mature companies looking to fund expansive projects, that demonstration can be problematic. That is where the venture and other capital investments come in. And, with investment for major risk (and potentially major returns), can come the need to joint venture, give away company equity, etc.  In order to obtain financing for that bio tech/health/life science project, the entrepreneur must be prepared to potentially give up part of the  company ownership and/or control in  order to enable the project financing. If an entrepreneur is realistic and willing to take those steps, the  financial doors are open.

 

 



BACK





(C) Copyright 2009 - All Rights Reserved
Hosting & Maintenance Provided by Connetrix
Site Map | Privacy
www200