|
|
|
|
|
|
|
|
Alternative to Start Up Investment:
Flexible-Mezzanine (Flex-Mezz) |
The North Bay Angels (NBA)’s Flex-Mezz goal is to invest in established North Bay companies with proven management. The applying companies should be seeking additional financing to support their growth plan by attracting investors who add capital, networking and guidance to their firm with only modest equity dilution.
Mezzanine Financing is appropriate for companies that fall between the criteria of Angel investments and bank financing. These companies may not appeal to Angel investors because they don’t have extraordinary (hockey stick) growth potential even though they are a growth business capable of generating dependable cash flow. The business is not currently bankable without an additional equity infusion. Investor’s expected returns are lower than Angel investments but higher than bank financing. The new funds will generally be used for expansion or acquisition. |
Criteria For Company Selection
Applying companies should be generating sales in excess of $1,000,00 with positive cash flow. The preferred companies should be exporters of products or services to areas outside of the North Bay so that there is a net employment gain for the North Bay. Service companies such as restaurants, retailers, and most professional providers would not meet this criteria.
Companies should have the potential of creating 10+ high value jobs.
The range of a potential investment is from $50,000 to $500,000 and the investors anticipate a quarterly return. |
 |
Process to Submit Company For Review
You can visit http://www.angelsoft.net.
On the home page, go to the Entrepreneurs box on the lower left hand side. Type in North Bay Angels in the white box and click, Search For Investors. When you find North Bay Angels, click on their name. To apply, you need to create a password by entering your name and email. Once complete, the application will come up. Remember your log in information to return to your application at a later time. You will have the opportunity to upload any documents you would like the North Bay Angels to review. Once the application is complete click, Submit Application. |
 | |
|
|
|
|
|
|
|
|
|
|
|
|