Outcomes
In order to successfully complete this course, the student will:
1. Explain the importance of planning for a company’s capital requirements.
2. Describe the differences between equity capital and debt capital and the advantages and disadvantages of each.
3. Discuss the various sources of equity capital available to entrepreneurs, including personal savings, friends and relatives, angels, partners, corporations, venture capital, public stock offerings, and simplified registrations and exemptions.
4. Describe the process of "going public," as well as its advantages and disadvantages and the various simplified registration and exemptions from registration available to small businesses wanting to sell securities to investors.
5. Describe the various sources of debt capital and the advantages and disadvantages of each: banks, asset-based lenders, vendors (trade credit), equipment suppliers, commercial finance companies, savings and loan associations, stock brokers, insurance companies, credit unions, bonds, private placements, credit cards, Small Business Investments Companies (SBICs), and Small Business Lending Companies (SBLCs).