What is a Funding Executive?

What is a Funding Executive?

Q: What is a Funding Executive? A: A funding executive is a financing expert who interacts with banks and lending institutions on your behalf. They have an in-depth understanding of all the types of business funding as well as a large pool of financing sources. Contrary to a banker, they do not work with one bank or lending institutions but a multitude. Q: What does a Funding Executive do? A: A Funding Executive helps businesses procure financing for their organizations. They select, solicit and negotiate funding on your behalf, representing your interests and not those of any particular banks and lending institutions. For example, your banker can only offer you a loan or line of credit from the bank he/she works for, limiting your options. A Funding Executive, on the contrary, doesn’t work for one bank or lending institution but rather have a ‘distributor’ relationship with multiple banks and lending institutions. That allows the Funding Executive to compare and find the best options available for you on the market. Q: How does a Funding Executive get paid? A: A Funding Executive gets compensated through commission paid on the amount of financing secured. Depending on the type of funding, commission can be paid either by the lending institution or by the business for which funds have been secured. Note: These commissions do not include any preparatory work, performed by their underwriting back office, that may be required. Q: Why do I need a Funding Executive? A: A business loan (or other business financing type) is not the simplest product! A good Funding Executive can navigate you through many question marks, compare...
Impact-Driven Business Accelerator Seeks 5 Growth-Stage Companies

Impact-Driven Business Accelerator Seeks 5 Growth-Stage Companies

Altima Business Solutions is seeking second-stage startups for API10X spring accelerator program to help the most promising entrepreneurs make an impact. Focused on founders and their ventures, this concierge accelerator program offers one-on-one mentoring with experts and connections with Altima’s network of industry influencers, among other services. “Building a product and building a business are two different things. We focus on founders to help them understand what their next best moves are to build an impactful business” said Carine Dieudé, partner and strategy director at Altima Business Solutions. “It’s not just about the product, the service or the trade. Creating a company that has impact requires designing its business model and management systems to positively influence the results,” Dieudé said. Startups and small businesses, regardless of industry, that have already proven their concept and have traction are invited to apply for the 12-week impact-driven program, API10X, by March 30, 2018. API10X started as a summer accelerator program for Arizona State University for Venture Devils startups last May. Altima decided to start a similar program outside of ASU to help other promising companies with a wide range of expertise to solve their core problems and transfer wealth: more traction, more sales, and more profit. “The goal is to have promising companies get above the noise and be a success story,” Dieudé said. “ Altima Business Solutions, which was founded 18 years ago, supports business owners and entrepreneurs from decision-making to execution with On-Demand Executives and On-Demand Solutions in all five fundamentals of business: Access to Capital, Financial Management, Critical Path, Sales and Accountability. As a result, they transfer tangible wealth to...
Tech Trends That Will Shape Marketing in 2018: Insight From CEOs, CMOs, CTOs, CIOs, CVOs, and Others

Tech Trends That Will Shape Marketing in 2018: Insight From CEOs, CMOs, CTOs, CIOs, CVOs, and Others

Tech Trends That Will Shape Marketing in 2018: Insight From CEOs, CMOs, CTOs, CIOs, CVOs, and Others What are the top tech trends that will impact marketing in 2018? To find out, I turned to experts in the industry–from CEOs to Chief Technology Officers to a Chief Video Officer and Chief Application Architect. What follows are prognostications regarding the tech trends that will matter most...
How Blockchain Could Transform The Way You Buy Your Groceries

How Blockchain Could Transform The Way You Buy Your Groceries

How Blockchain Could Transform The Way You Buy Your Groceries From giants like IBM and Walmart to smaller CPG startups, companies are using blockchain to improve the safety and transparency of food. Blockchain tech has primarily been associated with financial services – but increasingly it’s making an impact across industries, and the food supply chain is no...
5 Must-Haves for Entrepreneurs Who Want to Join a Business Accelerator

5 Must-Haves for Entrepreneurs Who Want to Join a Business Accelerator

Accelerator programs are an incredibly efficient way to help your business get off the ground but not every entrepreneur is fit for it. Increasingly popular among startups as a mean to receive funding, high performing programs put less emphasis on finances and more on rethinking every angle of the business to give it the best chances of success in the marketplace, making them fit for seasoned entrepreneurs as well first-time founders. We have plenty of successes at Altima with startups and small business owners who achieve market fit and really accelerate their companies. Here is a breakdown of the key must-haves for entrepreneurs to join an accelerator: 1. You want to be mentored One of the greatest benefit of an accelerator is that you will be matched with top mentors but also be given access to a large network of top executives, experts and entrepreneurs. Sharing their experience and acting as a sounding-board can really improve your critical thinking and decision-making process. You believe mentors can provide you valuable feedback and support your entrepreneurial and leadership development. 2. You want to grow your business Of course, you want to grow your business! But what I mean is that you are ready to get outside of your comfort zone. Business-minded experts and mentors will challenge every angle of your business to give it the best chance to succeed. You will be constantly pushed to think about improving and growing your company, and connecting at a deeper level with customers. The focus will be on solving real customer problems, while reducing non-essential tasks. You are open and willing to take a...
API10X Accelerator for Female-Led Companies

API10X Accelerator for Female-Led Companies

The Seventh Annual State of Women-Owned Businesses report released last week finds that women-owned businesses in the U.S. have doubled over the past 20 years. Despite this substantial progress and the growing consciousness about the value of women entrepreneurs, there is no real transfer of wealth: only 3% of female-led companies have a high economic impact. The “impact gap” remains huge and female entrepreneurs’ voice feeble. Arizona Prosperity Initiative Accelerator – API10X Female Entrepreneurs– powered by Altima Business Solutions, aims to disrupt gender inequality and empower female-led companies to matter. Success is not a measure of your worthiness but your impact. “Despite the encouraging number of women-owned businesses, female entrepreneurs are not recognized as an economic force and the impact gap remains significant” says Carine Dieudé, Partner and Director of Strategy at Altima Business Solutions. “Entrepreneurship is a tool to reduce inequality and make a difference. We can create real opportunities for women and make it so much more enjoyable and so much more successful to be an entrepreneur. We choose to transfer our wealth of expertise, talent, knowledge and network of influence.”   About the API10X Female Entrepreneurs: API10X Female Entrepreneurs is a 12-week accelerator program for growth stage women-led companies. Women entrepreneurs can expect to: Engage in customized sustainable business practices Feel prepared to lead Feel empowered to make a difference Have a great story to tell! BE INTENTIONAL. CREATE VALUE. MAKE AN IMPACT.   About Altima Business Solutions: Since 2003, Altima Business Solutions has been transferring wealth to businesses by providing on-demand executives to convert entrepreneurs’ vision into wealth. Capital Acquisition. Critical Path. Outsourced CFO. Strategic...