Crowd Sourced Funding Popularity Growing
Business Advisory Services Updates
Matt Vitale, Co-Founder of Birchal, Crowd Sourced Funding Intermediary, indicated this week that during 2020 his company had assisted more companies than it had in 2019.
Birchal expects to assist even more companies to raise capital during 2021.
To be eligible, a company needs consolidated turnover of less than $25 million, gross assets under $25 million and not listed on a stock exchange.
There is an expectation that SMEs will have difficulty in negotiating loans for, at least, the next 2 years. Accountants and SME operators could be interested in exploring the opportunity to be able to raise funding direct from the public without having to enter into a loan agreement which requires security, directors’ personal guarantees and monthly repayments.
In the ESS BIZTOOLS’ “Business Advisory Services Update Webinar/Conversation” on Wednesday 2nd December at 12-noon AEDT (11.00am AEST) funding for small companies will be discussed.
