Capital Raising Options Available for SMEs
Business Advisory Services Updates
There are 3 distinct capital raising opportunities for SMEs, as an alternative to borrowing money from a bank.
The capital raising requires companies to issue shares to new shareholders and, in so doing, the company and its directors avoid having to offer security, sign personal guarantee documents and make monthly repayments.
The capital raising opportunities are:
1. Crowd Sourced Funding Equity Raising – up to $5 million in 12 months.
2. Early Stage Innovation Company – must be a young company that has developed a new product, process or service.
3. Section 708 of the Corporations Act – up to $2 million from a maximum of 20 investors in 12 months.
ESS BIZTOOLS is presenting a 30-minute discussion on these opportunities on Wednesday 2nd December at 12-noon AEDT (11.00am AEST) featuring Priscilla Bea Smith, Director, Cloud Nine Associates and Peter Towers, Managing Director, ESS BIZTOOLS.
