Investments or loans range anywhere from $25,000 up to $500,000
1423_ 8/29/13 - Very quickly Darrin Ginsberg, CEO, Super G Holdings and founder of the Guppy Tank, reassured Larry Nelson that this wasn't a 'shark tank'. Darrin said, "This is a non-televised, local version of the Shark Tank. So what you see on TV, we just do a non-televised format. The reason we call ourselves 'guppies' is that we feel we are less intimidating than sharks and we're really not trying to take advantage of companies we're trying to invest in, but we're trying to help them along. So we figured the opposite of a shark is a guppy, hence the Guppy Tank. When you apply to the Guppy Tank you have the choice to ask for either a loan or an equity investment. If you're a small one man shop a loan might be a better avenue for you where you don't have to give up any of your equity. At the Guppy Tank, each deal is individually negotiated. There is an application process where the prospective client would send an application in. "They would tell us about their business, give us some financials and projections on where they thought they were going with the business, tell us how much money they need and what that would do for their business. From there they can say they're looking for an equity investment, or a loan, or some combination thereof. We've done several deals where we do what is called revenue based financing." Typical terms for Guppy Tank investments or loans range anywhere from $25,000 up to $500,000 per business. Listen for more details...
RELATED LINKS: The Guppy Tank || Hospitality Financing Solutions || Galvanize || Economy Builders || Podcast Directory || KEYWORDS: Darrin Ginsberg, Super G Holdings, Hospitality Financing Solutions, Guppy Tank, Entrepreneur, Financing, Investments, Loans, bytes=5069325
LISTEN TO: Darrin Ginsberg, CEO, Super G Holdings
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